Live Insurance News

Health insurance costs in U.S. are lower than anticipated

July 22, 2013July 20, 2013 H. Cutner

Health Insurance Affordable Care Act Cost

Forecasts are beginning to show that the costs of the coverage aren’t as high as predicted. According to data from the Department of Health and Human Services, the cost of health insurance is considerably lower than it anticipated for small businesses and consumers, as the healthcare exchanges start to come together. This is promising news for President Obama and his supporters, as the exchanges are the heart of his signature law. The health insurance exchanges in each state are central to the Patient Protection and Affordable Care Act. Their ultimate…

New health insurance regulations introduce changes to Affordable Care Act

July 11, 2013July 8, 2013 Nordstrom

Obama administration introduces more health insurance revisions As the Affordable Care Act inches closer to becoming fully enacted in the U.S., the Obama administration is making somewhat unexpected moves on the health care law and its provisions concerning health insurance. The federal law is set to go active in its entirety on January 1, 2014. Once the law has been fully enacted, it will be too late for states throughout the country to comply with its provisions, which is somewhat problematic due to the fact that most states have yet…

Health insurance rates to rise in Rhode Island

July 10, 2013July 8, 2013 Logan B.

Rhode Island Insurance Commissioner approves higher health insurance rates The cost of health insurance is set to grow in Rhode Island. Insurance Commissioner Christopher Koller recently approved rate increase proposals that will affect more than 200 plans throughout the state. Higher rates will take effect in 2014 and approval was granted to proposals coming from UnitedHealth of New England and Tufts Health Plan, as well as others operating in the state. On average, rates are to increase by 10% for a variety of plans. Rates for individual market to rise…

Obama administration announces delay to health insurance provision

July 9, 2013July 6, 2013 S.Vagus

Health insurance provision for large businesses delayed A major development has emerged in the U.S. concerning the Affordable Care Act. The federal law has been a major source of controversy since its passage in 2010, but the law’s various provisions have yet to be dismantled by any challenger. Thus far, the Obama administration has been the only party capable of introducing any significant changes to the federal law, many of which have been funneled through the Department of Health and Human Services. This week, however, the Obama administration announced a…

Health insurance concerns arise regarding young adult adoption

July 8, 2013July 6, 2013 G. Turner

Insurers are concerned that raising costs will stop twenty-somethings from purchasing coverage. When the healthcare overhaul goes into full effect on January 1, 2014, most Americans will be required to purchase health insurance or face a tax penalty, but many young adults who are unemployed or under-employed in the current economy are balking when it comes to buying a plan. Some young adults are already planning to choose the penalty over the coverage, raising concerns. Even after the reforms go into full effect and a $100 penalty will need to…