California may use penalties to pay for health insurance subsidies

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Governor Gavin Newsom has proposed a tax penalty that would cover the Californian subsidy costs. Governor Gavin Newsom has proposed a new move to fund health insurance subsidies in the state. It would provide an estimated 850,000 Californians with assistance in paying their premiums. The goal is to assist people who make too much to qualify for federal aid but struggle to pay premiums. To be able to afford to provide the additional health insurance subsidies, the Democratic governor has proposed a tax penalty. This would be applied to Californians…

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Pennsylvania takes steps to take control over its online health insurance exchange

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The state is making moves to form its own marketplace instead of relying on the federal government. Pennsylvania is taking initial steps to take over control of its own health insurance exchange. From 2014 until now, it has been participating in the federal marketplace. Pennsylvania is hoping to reduce the cost of health insurance by launching its own ACA exchange. The goal of the move to Pennsylvania’s own health insurance exchange is to reduce the cost of coverage to consumers. The idea is to make a state-based Affordable Care Act…

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Is Your Health Insurance Company Tracking Your Diet and Exercise Habits?

Health Insurance Company - Woman Jogging

Vitality Health is using big data and the Internet of Things to learn more about customer lifestyles. A health insurance company is considering using similar tracking concepts to the auto coverage industry. Vitality Health believes that its policyholders will be willing to exchange their healthy lifestyle data for incentives. The idea is to reward those with healthier lifestyles with discounts, thereby encouraging healthier habits. The health insurance company is hoping to change the way people are viewing wellness. They are aiming to offer discounts to individuals who live healthier lifestyles.…

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Substance abuse and mental health insurance claims double in ten years

Mental health insurance claims - young woman stressed

Claims are more than twice what they were a decade ago and the increase is driven by young adults and teens. Substance abuse and mental health insurance claims have spiked over the last decade, more than doubling during that time, said a new report. Moreover, the driving force behind this staggering growth rate is young adults and teens. The report was published in May by FAIR Health, a nonprofit health care organization. The report showed that rates of anxiety and depression among Americans of all ages have been rising over…

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Insurance giants Allstate and State Farm file fraudulent billing suits against healthcare providers

Insurance Giants - Medical Room

The two carriers have each filed separate lawsuits against medical doctors and their clinics. Two U.S. insurance giants have each filed a lawsuit against medical doctors as well as the pain management clinics of those healthcare providers. The doctors and clinics have been accused of submitting bills to the insurers for unnecessary medical procedures conducted on victims of vehicle crashes. The lawsuits are against both the clinics and the doctors who own them and provide healthcare there. One of the two insurance giants, Allstate Insurance, filed a lawsuit in the…

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Maryland to let residents complete health insurance enrollment on tax forms

Health insurance enrollment - Income Tax - Filing Taxes

Governor Larry Hogan signed the first measure in the country to provide this opportunity. Maryland has become the first state in the country to make it possible for residents to complete a health insurance enrollment at the same time that they file their taxes. The governor signed the bill on Monday, making it possible for tax forms to double as insurance applications. The new bill lets residents use their tax forms for the opportunity to complete their health insurance enrollment as well. When Governor Hogan signed the bill, it made…

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Japan’s insurance industry takes steps to stop genetic discrimination

Genetic discrimination - DNA

The Japanese industry is preparing guidelines to make sure insurers can’t collect customer DNA. The insurance industry in Japan is getting ready to create guidelines that would stop genetic discrimination by insurers in the country. They are seeking to ban health and life insurance companies from the collection or use of genetic information for purposes related to coverage eligibility or premiums calculations. Associations across the industry say they haven’t started using genetic info but the goal is to stop it. According to the Life Insurance Association of Japan, its members…

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