Consumers Archives - DR News - News, Retirement, Finance

Unauthorized ACA Plan Switching Leads to Major Challenges and IRS Bills for Consumers

Charlotte, North Carolina – Some consumers in North Carolina enrolled in Affordable Care Act plans are finding themselves involuntarily switched to different plans, causing disruptions in healthcare services and potential financial implications. Unauthorized enrollment and plan-switching have become significant issues for the ACA, raising concerns among brokers who cite the ease with which agents can access policyholder accounts in the federal marketplace. Brokers highlight the alarming trend of clients being switched to new agents, potentially …

Biden Administration Targets Short-Term Health Insurance Plans in Effort to Protect Consumers

Washington D.C. – The Biden administration recently announced plans to revise short-term health insurance policies, a reversal of a key aspect of former President Donald Trump’s healthcare agenda. Under the newly finalized rule, short-term health insurance plans will now be limited to three months with an option for a one-month renewal. These plans, known for their lower monthly premiums but limited coverage, previously allowed consumers to remain on them for up to three years. Critics …

Unauthorized ACA Plan Switching Sparks Controversy among Brokers and Consumers

Orlando, Florida – Some consumers in Affordable Care Act insurance plans are finding themselves unknowingly switched from one plan to another, causing potential disruptions in their ability to access medical care. This unauthorized enrollment or plan-switching issue poses a significant challenge for the ACA, with reports of rogue agents manipulating policyholder accounts in the federal marketplace to their advantage. This concerning trend was uncovered by an investigation conducted by KFF Health News. Brokers have raised …

Price Transparency in Health Care: The Key to Empowering Consumers

Waltham, Massachusetts – In the complex world of healthcare, navigating prices can often feel like a guessing game. The lack of transparency in the U.S. health care market means that consumers are often left in the dark about the costs of procedures and services before making important decisions. As an economics professor at Bentley University, I have seen firsthand the impact of incomplete information on prices and quality in our healthcare system. When buyers and …