U.N. Security Council’s decision against North Korea includes insurance sanctions

North Korea Insurance sanctions

The vote was unanimous throughout the council in response to Pyongyang’s choice to launch more ballistic missiles. The U.N. Security Council gave its unanimous approval to strengthening measures against North Korea, including insurance sanctions. This decision was in response to the country’s most recent ballistic missile launch. Pyongyang claims those it is now capable of sending those missiles to any part of the U.S. mainland. The U.N.’s Security Council resolution also includes strikingly lower caps on refined oil to North Korea. Aside from considerably tightened refined oil restrictions, North Korea…

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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Despite the president’s claims that Obamacare was repealed, the health care law saw its strongest results. Not twenty four hours after President Donald Trump said the Affordable Care Act “has been repealed,” health insurance registrations data showed the strongest year.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 HealthCare.gov were strong enough that they nearly achieved the 2017…

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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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Texas Children’s Health Insurance Program to receive $135 Million

CHIP Texas children's health insurance program

The federal Centers for Medicare and Medicaid Services is sending funds to the state to keep the program alive. The Texas Children’s Health Insurance Program was rapidly running out of funds as federal Congress has yet to renew CHIP’s funding. That said, the Texas Health and Services Commission wrote to Governor Greg Abbott to inform him that the federal Centers for Medicare and Medicaid Services will be providing the state with $135 million to sustain the program until the end of February. In Texas, CHIP provides over 450,000 uninsured kids…

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Not every health insurance exchange deadline has passed

health insurance exchange deadlines for rate filings

Last Friday was the official deadline for ACA enrollment but some states have issued extensions. Americans rushed to their state health insurance exchange to beat the enrollment deadline last Friday. That said, the Trump administration and some state exchanges have announced an extension of the deadline for certain individuals. This makes it possible for more Americans to obtain the coverage they need in time for the start of 2018. When Americans phoned the HealthCare.gov service center as of Saturday morning, they were greeted by a recorded message meant to assuage…

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CHIP expiration places health insurance of millions of children at risk

CHIP Health Insurance for Children

The program currently covers the kids of almost 9 million low income American families. Kids covered by CHIP, the Children’s Health Insurance Program, could potentially lose their plans if it is not reauthorized in time. The program was designed to offer low income families with the opportunity to cover their kids inexpensively. For many families, this health insurance program is the only means of covering medical care. CHIP provides kids with coverage for pediatric visits from annual checkups to ear infections, and from surgeries to radiation and chemotherapy. For many…

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House Republicans pass flood insurance bill to overhaul NFIP

flood insurance bill

Bipartisan opposition was overcome and the bill was passed to continue helping policyholders at risk of flooding. A controversial flood insurance bill has been passed in the House as Republicans overcame bipartisan opposition. This legislation will both reauthorize and overhaul the National Flood Insurance Program (NFIP). The program is currently facing considerable strain following a highly active hurricane season. NFIP was forced to pay billions of dollars to policyholders this year after several hurricanes made landfall in the United States. The House passed the flood insurance bill in a vote…

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ACA health insurance enrollments growth already outpacing last year

ACA health insurance registrations exchange

There are already 600,000 people who have signed up for their plans through the official marketplaces. According to a recent reports on the latest ACA health insurance enrollments, registrations are up and look very promising. In fact, more than half a million people have already enrolled, 23 percent of whom are new to the insurance exchanges. Despite President Trump’s claims that the Affordable Care Act marketplace was collapsing, it’s growing. “More than 600,000 people signed up last week for health insurance under the Affordable Care Act, significantly beating the pace…

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John Oliver describes Flood Insurance Program failures via talking seagull

John Oliver Last Week Tonight Flood Insurance Program

As hurricanes and flooding becomes increasingly problematic Oliver brought NFIP into the spotlight. The most recent episode of HBO’s Last Week Tonight with John Oliver focused on the National Flood Insurance Program (NFIP), and its current widespread failings. This episode arrived at a time in which the issue is exceptionally relevant but isn’t necessarily in the public’s eye. NFIP is struggling from all sides and is in dire need of reform at the same time that floods plague the country. “Floods were everywhere this summer,” explained Oliver. Although they may…

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State insurance regulators start approving rate hikes to cover Trump’s slashed subsidies

trump health insurance regulators premiums rates

Officials in Maryland have already given their approval to the last minute increases, but others are following. Insurance regulators in many states are starting to look into last minute health plan rate increases to compensate for the elimination of Affordable Care Act subsidies. Michigan officials have warned that they are already looking into the increases that they are likely to approve. At the same time, Maryland insurance regulators have already given their approval to the rate hikes. These increases are a direct response to President Trump’s executive order that eliminated…

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