Nearly 9 out of 10 US consumers blame surprise healthcare costs on insurance companies

Surprise health costs - American Money

Recent survey results show 86 percent of consumers blame their insurers for unexpected bills. Most insurance beneficiaries place the blame of surprise healthcare costs directly on their insurance companies. This, according to the findings in a newly published consumer survey. The report suggested that health insurance companies need to boost their education and communication. As 86 percent of consumers feel that surprise healthcare costs are their insurance company’s fault, there survey results show a disconnect between policyholders and their insurers. The survey was conducted by NORC at the University of…

Read More

Obamacare boosts health insurance coverage by 20 million

President Obama health insurance Obamacare

President Barack Obama has announced that the uninsured rate among Americans has reached record lows. Obamacare has been a law for six years now, and during that time, 20 million people under the age of 65 have obtained some level of coverage, brining the rate of uninsured Americans down to a low that has never seen before in the country. The latest data from the Obama administration shows 2.4 million more people became insured since the fall. The speech was given by the president while he was in Milwaukee, where…

Read More

11.4 million people sign up for health insurance coverage in the US

health insurance exchange

More than 11 million people have used insurance exchanges to find the coverage that they need The open enrollment period for health insurance exchanges in the United States has come to an end and the White House has announced that 11.4 million people signed up for coverage through these exchanges. Many people opted to seek out insurance coverage through these exchanges because of the availability of subsidies from the federal government. These subsidies are offered through the Affordable Care Act and have helped offset the cost of insurance policies for…

Read More

Thousands could lose their health insurance coverage in the US

health insurance industry

By the end of September, 115,000 people could lose their insurance coverage The Obama Administration has warned that as many as 115,000 people in 36 states could lose their health insurance coverage by September 30. This is due to unresolved data problems involving citizenship and immigration status. When insurance exchanges began their open enrollment period last year, millions of people applied for insurance coverage. The government suggests that a portion of these enrollees supplied false or incomplete information when using an exchange. The Department of Health and Human Services has…

Read More

Is Health Insurance Worth It?

health insurance cost medical

Health insurance can be a tricky subject. Many people consider insurance coverage to be vital, holding a place of importance in their lives that few other things approach. Others tolerate insurance coverage, thinking of its as a necessary expense that they are neither fond of nor hate. Still others believe that insurance is a waste of money that could be better spent on other things. Like all forms of insurance, the value of health coverage is a matter of perspective. In the U.S., health insurance coverage is mandatory, but that…

Read More

Health insurance exchange suffer from faulty internal controls

America's health insurance plan

HHS report identifies internal controls as a problematic issue Insurance exchanges throughout the U.S. have faced technical struggles for the past several months, but a new report from the Department of Health and Human Services may have identified the reasons behind one of the most problematic aspects of these exchanges. Insurance exchanges have been having trouble adequately determining whether or not those seeking federal subsidies are actually eligible for these subsidies. The subsidies are offered by the federal government and exist as a way to make insurance coverage more affordable…

Read More

Health insurance rates may be set for dramatic rise

Health Insurance benefits

Insurance industry experts warn of impending rate shock from higher rates in 2015 The issue of health insurance premiums rising in the U.S. as a result of the Affordable Care Act has received a great deal of attention over the past few years. According to the Department of Health and Human Services, rates will indeed increase in the coming year, but only by a modest amount. The agency suggests that the financial impact of new insurance regulations has not been sufficient enough to cause insurers to raise premiums by a…

Read More