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Alabama State Employees Insurance Board facing “fiscal cliff”

November 28, 2012November 26, 2012 Nordstrom

State Employees Insurance Board foresees problems with the Affordable Care Act Alabama is facing a serious “fiscal cliff,” according to William Ashmore, CEO of the State Employees Insurance Board. Ashmore’s concerns largely revolve around the Affordable Care Act and what impact it may have on the health insurance being provided to employees of the state. Next year, the law is expected to enact new changes to the health insurance market, with some of those changes targeting the health insurance plans of state workers. These changes are expected to bring about…

Alabama health insurance exchange nixed

November 16, 2012November 15, 2012 S.Vagus

Alabama health insurance exchange plans put to rest by Governor Bentley Alabama will not build its own health insurance exchange, according to Governor Robert Bentley. The Governor released a short press release this week detailing his views on the exchange program and why the state will not build its own. The state is required to host a health insurance exchange per the Affordable Care Act. The state can, of course, opt out of building its own exchange, but the federal government will be responsible for building the Alabama health insurance…

Alabama auto insurance law cracks down on uninsured drivers

September 24, 2012September 24, 2012 S.Vagus

New auto insurance regulation may make Alabama roads safer In Alabama, a new auto insurance regulation is scheduled to take effect January 1, 2013, which will institute a new system that will make it more difficult for drivers without insurance coverage to be on the road. The new system is expected to crack down on the 900,000 vehicles registered in the state that do not have any kind of auto insurance coverage. According to state law, drivers must maintain liability insurance coverage, but Alabama has been struggling to make sure…

Alabama Legislature blocks health insurance exchange bill

May 10, 2012May 25, 2012 S.Vagus

Legislative roadblocks keep exchange from moving forward As time goes by, more states are working to develop their mandatory health insurance exchanges. These insurance marketplaces are required by the Affordable Care Act, and each state must have a fully functioning, self sustaining exchange in place by 2014. Though the fate of the Affordable Care Act is currently pending a ruling from the Supreme Court, states have been working to comply with the law in order to avoid intervention from the federal government. In order for states to move forward with…

Alabama governor vows to veto health insurance exchange bill

May 4, 2012May 25, 2012 S.Vagus

Legislators making progress on exchange but are facing strong opposition Lawmakers in Alabama are working on getting a head start on the Affordable Care Act by establishing a health insurance exchange as quickly as possible. The House has recently passed a bill that lays out a framework for the exchange system, believing that this structure will expedite efforts to build a robust system. The health insurance exchange is expected to bring affordable coverage to thousands of Alabama residents, but that does not mean it is without its opponents, the chief…