Consultants to Contact
- Allison Young - Vice President & Consulting Actuary (Dallas)
- Bonnie Albritton - Vice President & Principal (Dallas)
- Brian Rankin - Vice President & Principal (Washington, D.C.)
- Brian Stentz - Vice President & Principal (Dallas)
- Cabe Chadick - President & Managing Principal (Dallas)
- Chris Merkel - Senior Vice President & Principal (Kansas City)
- David Dillon - Senior Vice President & Principal (Dallas)
- Daniel Moore - Vice President & Senior Consulting Actuary (Dallas)
- David Palmer - Vice President & Principal (Baltimore)
- Glenn A. Tobleman - Executive Vice President & Principal (Dallas)
- Heather Robinson - Senior Consultant & Director - Underwriting (Kansas City)
- Jamie Fender - Vice President & Consulting Actuary (Dallas)
- Jason Dunavin - Vice President & Senior Consulting Actuary (Kansas City)
- Jeffrey D. Lee - Vice President & Consulting Actuary (Kansas City)
- Josh Hammerquist - Vice President & Principal (Dallas)
- Jing Qian - Vice President & Consulting Actuary (Dallas)
- Jacqueline Lee - Vice President & Principal (Dallas)
- Kevin Ruggeberg - Vice President & Senior Consulting Actuary (Dallas)
- Kim Shores - Vice President & Principal (Kansas City)
- Mike Brown - Vice President & Principal (Kansas City)
- Muhammed Gulen - Vice President & Legal Consultant (Dallas)
- Moshe Nelkin - Senior Consulting Actuary (Dallas)
- Mark Stukowski - Vice President & Principal (Denver)
- Patrick Glenn - Vice President & Principal (Kansas City)
- Robert Dorman - Vice President & Consulting Actuary (Dallas)
- Traci Hughes - Vice President & Senior Consulting Actuary (Dallas)
- Tom Roberts - Vice President & Consulting Actuary (Dallas)
- Vickie Goodman - Vice President & Director - Compliance (Kansas City)
Testimonial
There has been a significant amount of focus on the many potential changes to the health care landscape that have been expected for much of the year, but now lawmakers in Washington seem to have shifted their attention to reforming the tax code. This is a move that could still have a significant effect on many Americans' health insurance situations, as the repeal of the individual mandate is apparently included in the latest GOP tax changes. However, the majority of Americans now say they would prefer legislators make a step one way or the other on a more comprehensive move on health care.
Only about 28 percent of Americans feel tax reform should be a top priority for elected officials in Washington, well below the 48 percent who want to see them stabilize the ACA marketplaces and 62 percent who want the federal funding for the state-run Children's Health Insurance Program re-authorized, according to a new poll from the Kaiser Family Foundation.
Moreover, one potential change to the tax code, which has strong opposition on both sides of the aisle among respondents, is the elimination of the deduction for high medical costs; in all, 68 percent of all Americans oppose such a change, the report said. That's because 44 percent of those polled felt that such a change could impact them or their families.
Major organizations also concerned
Meanwhile, it's not just consumers who want to see Americans protected when it comes to their health insurance and care, according to NBC News. The nonpartisan Congressional Budget Office recently noted that repealing the individual mandate – another key part of potential tax reform – would significantly destabilize the national health insurance markets and lead to higher premiums for millions of Americans.
Other groups expressing similar concerns in a letter to lawmakers include America's Health Insurance Plans (a lobbying group), the American Hospital Association, the American Medical Association, the Blue Cross-Blue Shield Association, the American Academy of Family Physicians and the Federation of American Hospitals, the report said. Cutting the individual mandate would likely save the federal government hundreds of millions over the next decade, but would it also lead to higher premiums and millions of Americans simply not having health insurance.
A closer look
Indeed, the CBO's estimate of the fallout from the repeal of the individual mandate is that 13 million fewer people will no longer have health insurance, either because they can't afford it anymore or they simply don't feel like buying it because they mostly feel healthy, according to Marketplace.org. However, it's worth noting that all this is still very much up for discussion on Capitol Hill, and it's still unclear whether any sort of tax reform can pass, with or with the individual mandate changes included or not.
Insurers and consumers alike will want to keep a careful eye on changes in the weeks ahead because they have the potential to greatly impact their tax liabilities and health care access going forward.