May 21, 2013
The federal government's Pre-Existing Condition Insurance Plan will reduce its payments to skilled nursing facilities by 50% as of June 15, according to the Centers for Medicare & Medicaid Services. The PCIP program received a budget of $5 billion in ACA funding, and CMS fears it will run out of money prior to 2014 given the current rate of pay-outs.
Government officials moved forward with Affordable Care Act provisions Tuesday that include banning health insurance companies from discriminating based on pre-existing conditions, outlining standards for coverage, and promoting employee wellness programs.
The National Football League Players Association, the union representing NFL players, rejected a proposal for long-term care insurance because the policy's pre-existing conditions clause would exclude too many players.
