Showing posts with label health insurance. Show all posts
Showing posts with label health insurance. Show all posts

Tuesday, July 5, 2011

Word Leaking of Billions in Cuts for U.S. Budget Compromise

The debt talks are heating up -- and if the early word is on target -- much of the focus is going to be on cutting spending -- and not -- on raising.


Multisource political news, world news, and entertainment news analysis by Newsy.com


By Jim Flink

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Thursday, June 30, 2011

FDA Panel Doesn't Back Popular Cancer Drug


A Federal Drug Administration panel has cleared the way for the government to remove its endorsement of the drug Avastin.

Sources:Baltimore SunABCNBCCNNCBSWPTYCure Today

Multisource political news, world news, and entertainment news analysis by Newsy.com


By Jennifer Meckles

Video provided by Newsy.com

Monday, June 27, 2011

OTB Retirees Get Support From Addabbo


Bill Restores Health Insurance Benefits, Passes Both Houses of Legislature and Awaits Gov's Signature

New York State Senator Joseph Addabbo, Jr., (D-Queens), a member of the Senate’s Racing, Gaming & Wagering Committee, commended the Senate for bringing to the floor a vote on requiring the State of New York to maintain the health insurance and supplemental benefits received by retirees of the New York City Off-Track Betting Corporation (NYC OTB) (S.4489/Rules).


The bill notes that after the closure of NYC OTB on December 7, 2010, employees who had retired from the corporation were assured they and their dependents would receive health insurance and supplemental benefit coverage under their collective bargaining representative’s welfare benefit program. However, those benefits ceased upon closure of NYC OTB.


According to Addabbo, the State breaking a promise to supply benefits to retired NYC OTB employees and their dependents was one of the many reasons why he voted in favor of this bill and helped sought its passage.


“With the Senate’s commitment to provide health insurance and supplemental benefits to retirees of NYC OTB, the State is reaffirming its commitment to provide due benefits and recognition to former workers and families of NYC OTB. No one should have to endure financial hardships and choose which benefits to leave behind,” said Addabbo.


Former employees received supplemental benefits such as prescription drugs, optical and dental insurance through welfare fund benefit plans funded through employer contributions. Upon benefits ceasing to exist with the closure of NYC OTB, retirees were left to determine which prior benefits they could attain without employer contributions.


Addabbo notes it was illogical how benefits ceased to exist with plans in place to continue funding of benefits for retirees. “This bill is long overdue, and I am proud to stand with my Senate colleagues to provide for all present and future retirees the entitlement of benefits from any city-authorized health insurance or welfare benefit program,” he explained.

Under the proposed measure, the State will reimburse the city or its designee for the actual cost of benefits. The bill currently awaits signage into law by the governor after passing both houses of the Legislature on June 22, 2011.


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nysenate.gov

Monday, June 13, 2011

Cuomo Bill Seeks to Establish New Health Benefit Exchange

Proposed Legislation Would Set Up Health Insurance Exchange to Comply with Federal Health Care Law

Governor Andrew Cuomo has submitted a Governor's program bill that would establish a new Health Benefit Exchange in order to comply with the Affordable Care Act passed by Congress and signed into law by President Barack Obama in 2010.

New York will operate its own exchange, rather than have the federal government operate one for the state, given the complexity and diversity of the insurance market in New York.

"This legislation would fulfill New York's commitment to the federal government to set up a health benefit exchange that will enhance access to affordable quality health care for all New Yorkers," Governor Cuomo said.

"This is a dynamic and flexible proposal that will protect consumers and help bring down the cost of health care for families, businesses, and taxpayers."

The purpose of this legislation is to establish a single Exchange in New York – a centralized, customer-service oriented marketplace where individuals and small groups will be able to purchase qualified health plans, receive eligibility and subsidy determinations, and be enrolled in a range of coverage options, including public health coverage programs.

The Exchange will be established as a public benefit corporation managed by a Board of Directors. Four of the seven members of the Board will have expertise in relevant areas, including individual health care coverage, small employer health care coverage, health benefits administration, health care finance, public or private health care delivery systems, and purchasing health plan coverage.

The Superintendent of Insurance (or after October 3, 2011, the Superintendent of the Department of Financial Services), the Commissioner of Health, and the State Medicaid Director will serve as ex officio members of the board.

The Board will consult with an Advisory Committee, comprised of 18 representatives of stakeholders and sectors that will be impacted by the operation of the Exchange, including health care consumers, small businesses, the medical community, and insurers.

The Committee's advice to the Board will reflect findings about regional variations regarding the availability of health insurance coverage and other issues deemed necessary by the Committee and the Board.

The Exchange will make available health plans, including certain qualified dental plans, to individuals and employers beginning on or before January 1, 2014.

Under this legislation, the Exchange will establish the minimum requirements an insurer shall meet to be considered for participation in the Exchange and will implement procedures for the certification, recertification, and decertification of health plans as qualified health plans.

The Exchange will also assign ratings to qualified health plans offered through the Exchange on the basis of relative quality and price, in accordance with the ACA.

The bill also provides critical protections meant to assist individuals in using the Exchange. For example, the bill provides that the Exchange will operate a toll-free telephone line to assist consumers and an Internet website containing standardized comparative information on qualified health plans.

The website will also feature a calculator allowing individuals to determine the actual cost of coverage. The bill also requires the Exchange to establish a program to award grants to entities to serve as "navigators" to help educate consumers and facilitate enrollment.

In addition, the Exchange will include a Small Business Health Options Program (SHOP), which will assist small employers in facilitating the enrollment of their employees in qualified health plans offered in the group market.

While the ACA requires each Exchange to be "self-sustaining" by January 1, 2015, federal funds will support the planning, implementation, and operation of the Exchange through December 2014. New York has already been selected to receive funding under an Early Innovator Grant ($27 million) and an Exchange Planning Grant ($1 million).

In June, the New York State Department of Health expects to apply for a Level 1 Establishment Grant, which makes a year's worth of funding available to states that have made some progress under their Exchange Planning Grant.

With the enactment of this legislation, assuming other applicable criteria are met, New York will qualify to apply for additional federal funding to support Exchange planning and establishment through December 31, 2014.

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