Insurance

President Barack Obama warned Monday that the current healthcare system is "a ticking bomb" for the budget that could force America to "go the way of GM" without a legislative fix.According to the Associated Press, Obama went before the American Medical Association in Chicago to declare anew that the existing system leaves too many uninsured and forces "excessive defensive medicine" ...

Sen. Jay Rockefeller (D-W.Va.), chair of the Senate Finance Committee’s health panel, introduced legislation that would create a not-for-profit, public health insurance option and operate within the framework of a reformed U.S. health system.According to Modern Healthcare, the bill, called the Consumers Health Care Act, would be funded from premiums paid by enrollees but backed by the federal government. Employers ...

Sen. Edward Kennedy, D-Mass., has introduced a healthcare overhaul bill in the Senate, while House leaders have drafted a similar plan.According to the Wall Street Journal, the draft House plan would require almost all Americans to have health insurance and provide subsidies to those with annual incomes as high as four times the poverty level. People without insurance could find a plan on ...

BETHESDA, Md. — The 161 million Americans with employer-sponsored health insurance are facing substantial increases in out-of-pocket (OOP) costs, according to a study published today on the Health Affairs Web site. The study, authored by researchers from the National Opinion Research Center (NORC) and Watson Wyatt Worldwide and funded by The Commonwealth Fund, examines trends in the comprehensiveness of employer-sponsored ...

A report from the Council of Economic Advisers states that slowing the growth in healthcare spending from 6 percent a year to 4.5 percent would have enormous benefits for the nation's economy, creating as many as 500,000 jobs a year and increasing annual income for the average family of four by $2,600 over the next decade. According to The Washington ...