Strong health insurance registrations surprise ACA opponents and supporters, too

ACA health insurance registrations exchange

Despite the president’s claims that Obamacare was repealed, the health care law saw its strongest results. Not twenty four hours after President Donald Trump said the Affordable Care Act “has been repealed,” health insurance registrations data showed the strongest year. Officials reported that 8.8 million Americans enrolled in health plans on the federal insurance exchange to cover them next year. Those numbers don’t yet include the data from insurance exchanges run by individual states. The 2018 health insurance registrations on were strong enough that they nearly achieved the 2017…

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Alabama Children’s Health Insurance Plan will Start Removing Kids on January 1

CHIP alamaba children's health insurance plan

Low income families across the state are facing a rough start to the year as 7,000 kids will lose their coverage. The Alabama Children’s Health Insurance Plan (CHIP) is beginning their first stages toward shutting down coverage for all kids it covers in the state. The first phase will involve cutting 7,000 children from low income families starting on January 1, 2018. State officials say CHIP is running out of funds following Congress’s failure to renew in time. The kids whose Alabama Children’s Health Insurance Plan, also known as All…

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GOP tax plan will cause health insurance rates to spike

GOP tax plan health care vote - President Donald Trump Official Portrait

If the Republicans manage to pass their tax plan as is expected this week, coverage may get much pricier. If Republicans successfully pass the GOP tax plan this week – and the expectation is that it will – health insurance could become much more expensive for Americans, say opponents. The final version of the Republican plan will repeal the individual insurance mandate of the ACA. The Affordable Care Act (ACA) requires Americans who don’t have health insurance coverage through their employers, other groups, Medicare or Medicaid, to purchase coverage for…

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Today is the health insurance deadline for enrolling millions of Americans

health insurance deadline enrollment

The federal government’s shorter end to the open enrollment period cuts off registrations for 2018 today. Americans across the country are being reminded that if they want to enroll before the health insurance deadline for 2018 coverage under the Affordable Care Act (ACA), they need to register today. Officials and ACA supporters are reminding people that if they want a health plan, they must enroll by tonight. State insurance departments are encouraging Americans to act with haste if they don’t want to miss the health insurance deadline for enrolling in…

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European insurance watchdog is now the one under investigation

EU insurance watchdog industry

The EIOPA is typically the one watching over the market but it is now facing scrutiny for two practices. The European insurance watchdog is normally the organization responsible for watching over the industry and making sure the practices are kept legal and appropriate. However, the European Insurance and Occupational Pensions Authority (EIOPA) is now under investigation to check into its own practices. The European Court of Auditors is conducting an audit looking primarily into two main areas. The insurance watchdog will be investigated in the following main areas: its supervision…

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Governor promises Vermont children’s health insurance won’t suffer from federal cuts

pediatrician baby Vermont children’s health insurance

Phil Scott has acknowledged that the state will now need to cover millions as a result of the federal government. Vermont children’s health insurance will be losing millions of dollars in federal funding due to the federal government. Congress has yet to act in order to offer federal Medicaid funding for the Children’s Health Insurance Program (CHIP), leaving states at risk of losing coverage for their youngest residents, or coming up with the funding themselves. According to Phil Scott, kids in low income families in Vermont will not be losing…

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California wildfire loss totals grow among insurance companies

forest fire California wildfire loss

Nationwide has already revealed that it expects to face a loss greater than $1.3 billion from the state’s fires. Nationwide Insurance has announced that it predicts its California wildfire loss will be more than $1.3 billion. Blazes ripped through the state in October and another sparked near Los Angeles, forcing evacuations in Ventura County as the fires reach the Pacific Ocean. The Tubbs wildfire alone generated a loss of what is expected to be about $1.2 billion, with other fires adding. That California wildfire loss only grew with the Atlas…

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CVS Health to acquire Aetna in a $69 billion bid

CVS health insurance

The retail pharmacy and health care company could create a significant shift in the insurance industry. CVS Health has made a serious bid to buy insurance giant Aetna for a price tag of about $69 billion. Should this acquisition close, it could push the retail chain further into the health care industry while offering a key client significant protection. The announcement of the health insurance company’s acquisition was made at the start of this week. This acquisition will have CVS Health Corp. paying approximately $207 in cash and stock for…

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Democrats call Trump’s birth control insurance plan unconstitutional

Birth Control insurance

The administration plans to roll back yet another one of Obama’s health coverage requirements. The Trump administrations strategy to undo a requirement for employers to provide workers with birth control insurance in their health plans is a religious endorsement and it is unconstitutional, say a group consisting of 19 Democratic state attorneys general. The reason is that Trump’s plan allows an employer’s religious objections to block an employee’s coverage. Trump’s plan gives employers the opportunity to stop their employees from receiving birth control insurance on religious or moral grounds. The…

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Wells Fargo personal insurance business to shut down in Q1 2018

wells fargo personal insurance business exit

The firm announced its intention to exit this sector and will start phasing out marketing immediately. Wells Fargo & Co announced it will be leaving the personal insurance business and will start reducing its marketing in that area. The exit from that market should be complete at some point during the first quarter of next year. Until it has fully exited the personal insurance space, it will continue selling and supporting those products. The company has stated that it intends to keep making personal insurance products available until it completely…

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