Alexandria Health Insurance Agents

Metro Crash Insurance

     SANFORD, Fla. - A couple who adopted a pair of sisters from Guatemala has sued Celebrate Children International for negligence and breach of contract, claiming that one of the girls had been severely physically abused by her biological mother, even though the couple specifically requested "healthy girls ... with no special needs."

     SEATTLE - Seabourn Cruise Line should not have charged cancellation fees to those who withdrew their reservation since the company waited until after the cancelation period had passed to announce that civil unrest in Egypt would prevent the ship from making ports of call in the country, a class claims in Superior Court.

     BOSTON - President Barack Obama, the U.S. Secret Service and a 44,000 pound truck caused $676,000 in damages to an airport while moving from a Marine helicopter to a limousine to visit the Massachusetts Emergency Management bunker in Framingham last year, Marlborough Airport Properties claims in Federal Court.

The Replace in “Repeal and Replace” « Alexandria

Congressman Paul Ryan’s speech outlining the plan to replace the ACA sounded familiar. Don Taylor , writing at The Incidental Economist, thought so also. He confirmed with a member of the Budget Committee, that they will largely be bringing back the Patients’ Choice Act (PCA). Just to refresh our memories, here is a very brief synopsis written by Taylor in 2009.

The Act would provide an advanceable, refundable tax credit ($5,710/ family or $2,290/individual) that non-elderly individuals would use to purchase insurance. States would arrange “health care exchanges” through which private insurers would voluntarily offer plans that would be mandated to provide a benefit package similar to what Congress enjoys.

The plan would increase insurance coverage (how much is unclear) and likely result in an increase in deductibles of those covered. This is because the amount of the tax credit is less than half the current average premium ($13,000 family; $5,000 individual) of a private insurance plan. As premiums fall, deductibles rise, exposing individuals to more of the actual cost of their care. This aspect of the Act has the potential to reduce use, and therefore costs.

Employers could still pay premiums on behalf of their employees, but this would be taxable income. If a high-deductible plan costing less than the tax credit is chosen, the balance is placed in a Health Savings Account (HSA). Families can put $5,950/year ($3,000 for individuals) into a HSA and the money can be used to pay for care or insurance premiums. Individuals would be more involved in arranging their own insurance under this plan.

The biggest question is how the state insurance exchanges would work. There is no individual mandate to purchase insurance, but the Act envisions states developing automatic enrollment provisions whereby persons would be signed up for high-deductible plans when they did things like renew a driver’s license, unless they opted out.

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