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What are two potential problems with skinny plans

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Reference no: EM132179998

Assignment

Read the questions carefully and be sure that you answer the questions asked. Many times students give correct information in an answer but that information is not the answer to the question. Also, utilize proper business writing techniques in your answers, i.e. be complete but concise, use proper grammar, sentence structure, spelling and punctuation.

1. Based on the 2 attached articles on "Skinny Plans" at the end of this document, answer the following:

a. What is a potential advantage of "skinny plans" and what is the potential cost comparison?

b. What are 2 potential problems with "skinny plans"?

c. Who are the individuals most likely to choose a "skinny plan"? How will this impact the Affordable Care Individual Market?

2. Based on this article -

Marketplace Effectuated Enrollment, 2017-2018

a. How many individuals enrolled in the Individual Health Insurance Marketplace in 2018 in the United States:

b. How many individuals enrolled in the Individual Health Insurance Marketplace in PENNSYLVANIA in 2018:

3. Based on this article -

Marketplace Average Benchmark Premiums

(Note: use the sort functionality in the chart in the article)

a. Based on the chart, what is the range (find the state with the highest and lowest )monthly premium for 2019?

b. What is the % change in premium from 2014 to 2019 for the state of PENNSYLVANIA?

4. Answer the following questions based on this article :

Estimated Total Premium Tax Credits Received by Marketplace Enrollees

a) What is the total amount of tax credits or subsidies that are being provided in 2018 in the United States to make individual health insurance plans affordable to those that qulaify?

b) How much subsidy did individuals in the State of PENNSYLVANIA receive in 2018?

c) Who ultimately "pays" for these premium credits or subsidies?

d) Based on PENNSYLVANIA Premium Rates increasing as noted in your answer in question 3, the subsidies also increased in PENNSYLVANIA to keep these plans affordable for those individuals who qualify for the subsidy.

As a result, who are the individuals in PENNSYLVANIA that are most impacted by these rate increases in PENNSYLVANIA and why would they be likely to consider a "skinny plan"?

Attachment:- Trumps skinny insurance plans.rar

Reference no: EM132179998

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