Uninsured reaching a high in America

The new health-care law may loosen some of the requirements for people to qualify for state aid.  Many of the individual states will be getting an overhaul to their Medicare, Medicaid, and other federally backed programs. The new law is set to go into effect in three more years. It’s suppose to widen the eligibility rules to include those who may not qualify under the present guidelines. In the United States, the number of people who have health insurance dropped for the first time in over twenty three years. Over 6.5 million…

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West Virginia opts for the “hands off” approach in new health exchange program

The West Virginian Senate has determined that the state will not be running its own insurance exchange program, opting instead to leave the reins in the hands of the federal government. All states are required to establish insurance exchanges by 2014 according to the Affordable Care Act, but they do have the option to choose whether or not to set it up themselves. The legislation that would pave the way for the exchange was shot down by a close voice vote. State Insurance Commissioner, Jane Cline, along with her office,…

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Overall lower auto rates for Californians

California’s median auto insurance rate has decreased by 3.1% according to reports from InsWeb, an online insurance quote database. The decreased occurred over the past year with the national average following a similar pattern and dropping by 5.6% over the same time period. California currently ranks as the 19th most expensive state in which to insure a vehicle in the U.S. The report suggests that Californian males pay more for their auto insurance than women by nearly 7.7%. Drivers aged 19 and younger pay nearly double the rates of any…

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A health care crisis brewing in Pennsylvania

Pennsylvania’s adultBasic health insurance program is in danger if being terminated as it faces steep shortfalls in funding. The program is one of the few entirely state-funded insurance programs that cater to low-income adults and families that do not qualify for Medicaid. Currently, 42,000 people are covered by the program, with another 500,000 on the waiting list, hoping to get coverage. If the program is terminated, they will have no insurance until the Medicaid program is expanded in 2014. AdultBasic has been facing complications since last year and the program…

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California health insurance deadline quickly approaching for open enrollment

March 1st marks the deadline for open enrollment for health insurance that would cover children with pre-existing conditions in California. Parents are being urged to sign up for coverage before its too late or run the risk of higher health insurance rates. It is estimated that in California more than 1.1 million people under the age of 25 are diagnosed with pre-existing medical conditions which may seriously inhibit their ability to obtain adequate coverage. Parents who miss the deadline stand to face paying as much as 20% more for coverage.…

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So you think insurance is wasted money, think again!

While insurance may seem to be a burden to most people, it does have moments of significance that is usually only noticed when certain situations arise. Five important insurance claims are explored, including car problems, fine arts, pet insurance, natural disasters and the 9/11 financial burden. Auto insurance holds a huge significance that should not be taken for granted. Back in 2007 in the UK, a car shopper took out a Pagani Zonda for a test drive which is worth £500,000, with only ten of the cars produced in a…

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New Zealand insurance companies are rallying after major earthquake

Insurance companies are rallying together on the heels of a devastating earthquake that rocked the New Zealand city of Christchurch. They are expected to pay millions in claims. Chris Ryan, the chief executive for the Insurance Council of New Zealand, says that it is difficult to estimate the total cost of the quake as the buildings that collapsed were damaged by a previous earthquake in September of last year. A powerful earthquake struck Christchurch during its lunchtime rush. The magnitude 6.3 quake toppled office building, flattened homes and at least…

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