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Morning Briefing

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Tuesday, Aug 10 2021

Full Issue

Deadline Approaches For Special ACA Enrollment With Big Subsidies

The window on the special enrollment period closes on Aug. 15. With millions more signing up for an Affordable Care Act plan, more insurers are joining the state marketplaces, Georgia Health News reports.

There鈥檚 about a week left for anyone who鈥檚 uninsured to see if they qualify for free or low-cost private health insurance through the public marketplace. A special enrollment period that will end on Aug. 15 allows you to use healthcare.gov to sign up for a plan, which could come with major subsidies to reduce what you pay for coverage. Otherwise, unless you have a qualifying life event 鈥 i.e., job loss, birth of a child, etc. 鈥 after the current window closes, you鈥檇 generally have to wait until open enrollment this fall to sign up. (O'Brien, 8/9)

Plenty of shopping options, plus lower prices. That鈥檚 usually a winning formula for consumers. And that scenario describes how Georgia鈥檚 health insurance exchange is shaping up for individuals and families looking for coverage in 2022, according to initial filings by health insurers to the state鈥檚 insurance department. The filings were obtained by GHN through an open records request. (Miller, 8/9)

Thousands of Rhode Islanders who use HealthSource RI may be overpaying for their health insurance because they haven鈥檛 taken advantage of a recent change in federal law. 鈥淚t鈥檚 historically affordable,鈥 HealthSource RI director Lindsay Lang told Target 12. 鈥淚t鈥檚 never been as affordable as it is right now.鈥 Lang said that her team has reached out to roughly 2,900 Rhode Island enrollees to let them know that they may benefit from changing their coverage plan before the open enrollment deadline on Aug. 15. (Taylor, 8/9)

In other news about covid's economic toll 鈥

Americans are drowning in medical debt. From 2009 to 2020, medical bills were the largest source of debt in the U.S., with a record $140 billion owed last year, according to a聽recent study from the Journal of the American Medical Association. The record accounts only for the debt that has been sent to collections.聽Neale Mahoney, a Stanford economics professor and lead author of the study, said medical bills are often higher for people living in a dozen states that chose not to expand eligibility for Medicaid under the Affordable Care Act. (Werner, 8/9)

Since coronavirus shuttered the world in the early months of 2020, the financial impact has taken a significant -- and often invisible -- toll. Mental health has gone awry for many during the pandemic, but these experiences are especially more acute among people who are economically less fortunate. Among US adults age 18 or older, prevalence of depression symptoms was more than threefold higher during the Covid-19 pandemic than before, according to a September 2020 study. Additionally, having lower income, less than $5,000 in savings, and exposure to more stressors such as job loss were linked with a 50% higher risk of depression symptoms during the pandemic. (Rogers, 8/9)

One of the region鈥檚 most prolific apartment builders has sued the city of Los Angeles over its COVID-19 eviction moratorium, saying his companies have experienced 鈥渁stronomical鈥 financial losses and are legally entitled to compensation from the city. GHP Management Corp., owned by real estate developer Geoffrey Palmer, said in its lawsuit that 12 buildings it manages have experienced more than $20 million in lost rental income as a result of the measure. GHP, which filed the lawsuit along with several other Palmer companies, expects that number to triple by the time the moratorium鈥檚 provisions have expired. (Zahniser, 8/9)

This is part of the Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.
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