Individual health insurance market gives healthcare reform a boost

CIGNA, the health insurance company, has launched an ad campaign for $25 million that is geared toward strengthening its business in the individual market. According to the Wall Street Journal, individual policies comprise only between 1 and 2 percent of CIGNA’s current revenue. The majority of the insurer’s profits are from insurance that is employer-based. However, as a result of the new healthcare reform laws, individual markets are about to become significantly more lucrative. In fact, the Congressional Budget Office (CBO) has projected that by the year 2019, there will…

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Health insurance requirement likely headed to Supreme Court following rejection by appeals court

The panel at a federal appeals court has ruled against the heart of the Obama Administration’s healthcare reform, bringing into question whether or not Americans will actually be required to purchase a healthcare policy. The next step will be the U.S. Supreme Court. The panel of the 11th Circuit Court of Appeals was made up of three judges. They were not unanimous, but ruled that Congress had stepped beyond its authority when they passed what is being called the “individual mandate”. Experts in the healthcare industry are saying that the…

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Affordable Care Act offers women greater access to preventive services

Preventative health care has been a chronic challenge in the American healthcare system, but due to the fact that chronic diseases – which make up about 75 percent of the country’s health spending, and that they are the cause of 70 percent of deaths every year – are frequently preventable, this type of healthcare is now being pushed into the spotlight. Affordability has been one of the main problems holding back preventive services. Currently, most of these therapies, even those with insurance coverage, are subject to cost sharing, such as…

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