Tag: Affordable Care Act

(Reuters) – WellPoint Inc reported a higher-than-expected fourth-quarter profit on Wednesday, but the second-largest U.S. health insurer said it was taking a “prudent” view of 2013 as it faces industry reform. WellPoint, which sells private health insurance to businesses and individuals and also provides government insurance for the elderly and the poor, is preparing for a round of changes resulting from the U.S. Affordable Care Act. Later this year, states and the federal government will begin selling health insurance on exchanges for 2014, and new insurance taxes are on the way. …

(Reuters) – Florida Governor Rick Scott kept up his attacks on Obamacare on Monday even after meeting U.S. Health and Human Services Secretary Kathleen Sebelius, complaining that federal healthcare reforms could cost Florida $26 billion over the next decade. Scott, a vocal critic of the Affordable Care Act also known as Obamacare, told reporters following the meeting in Washington that Medicaid program costs, which state officials say could mushroom over the next 10 years, continue to be his major concern. …