Fewer PPO Plans Offered on Exchange for 2016

Potomac Companies, washington, obamacare, health insurance, insurance, compliance, aca, affordable care act, audit, healthcare, broker, health care, benefits
On November 25th, Kaiser Health News reported that insurers are offering fewer PPO (Preferred Provider Organization) plans for 2016, primarily due to cost.  HMO (Health Maintenance Organization) plans–closed network, silver level–are rising in cost from $274 to $299, a 9 percent increase. Concurrently, the least expensive PPO–open access, silver level–premiums are rising from$291 to $339, a 17 percent increase. The main difference between HMO... Read More

UnitedHealthcare Exchange Announcement

Potomac Companies, washington, obamacare, health insurance, insurance, compliance, aca, affordable care act, audit, healthcare, broker, health care, benefits
On Thursday, 19 November, UnitedHealth Group announced their 2015 earnings update and initial 2016 view.  As their 2016 earnings projections for the exchange segment were lower than expected, UnitedHealth Group is “evaluating the viability of the insurance exchange product segment,” as stated in the Q4 Earnings Update Release.  They expect to make a decision whether to continue to offer health... Read More