California insurance could drive the economy in the long term

health care reform rebate money

Reports are showing that consumer spending is down, but subsidies could free up more cash. According to some of the latest reports – including those released by the largest retailer in the world, Walmart and the largest online retailer, Amazon – lower and middle income families have been cutting down on their spending, but at the same time, the changes made by the health care reforms could, in theory, help to use California insurance to boost the economy in the state. The reason is that the amount being paid for…

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Reliance on public health insurance programs grows in California

insurance news coverage

Californians turn to public health insurance programs to find the coverage they need The UCLA Center for Health Policy Research has released a new analysis concerning health insurance coverage in California. The analysis shows that the number of people receiving coverage through public programs, such as Medicaid, grew in the years leading up to the Affordable Care Act. Many businesses throughout the state that had been offering health insurance benefits to employees did not choose to cut benefits, but economic pressures did cause them to shed workers. Increasing unemployment rates…

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Stage set for health insurance brawl in California

California health insurance

California regulator seeks to prohibit company from state’s health insurance exchange California’s health insurance exchange, called Covered California, may be set for some controversy courtesy of Insurance Commissioner Dave Jones. Commissioner Jones has made a somewhat unexpected move and has recommended that Anthem Blue Cross, one of the largest insurance companies in California, to be prohibited from participating in Covered California. Jones suggests that the company’s practices throughout the past have made it an unqualified candidate for the health insurance exchange. Commissioner Jones calls out Anthem Blue Cross for poor…

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Health insurance rate increase in California lower than anticipated

California Health Insurance

Health insurance rates expected to spike throughout the US For the past year, insurers throughout the U.S. have been warning that health insurance rates would grow at an alarming rate due to the Affordable Care Act. These warnings have come from some of the country’s largest insurers, many of whom had suggested that consumers would be unprepared for higher rates in the future, leading to a phenomenon known as rate shock. In California, however, health insurance rates have yet to show signs that support the warnings coming from insurance companies.…

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Health insurance for high risk Californians to shift to federal program

California health insurance

There will be thousands of people in the state with serious medical conditions who will be affected. Beginning in July, there will be about 17,000 people with serious medical problems in California who will be shifting out of a state run health insurance stopgap program and into a federal plan. This will help to make sure that their coverage continues until the healthcare reforms become effective next year. This, according to an announcement that has been made by officials in the state. The state board responsible for overseeing the California…

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Health insurance exchange in California awards grants worth $37 million

health insurance promotion

There have been 48 grants for 16 winners whose names have now been announced in the state. The Sacramento Employment and Training Agency, and the UC Davis Center for Reducing Health Disparities has joined a list of nearly fifty other organizations that are the recipients of a total of $37 million in grants from the health insurance exchange in California. This was a part of an education and outreach grant program by Covered California. There were a total of 16 winners of the grants that totaled millions of dollars from…

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Health insurance rates increases of extreme levels may be premature

Health Insurance rate increases

Consumers are cautioned not to take estimates of hikes in premiums seriously, just yet. As the health insurance marketplaces are just being established and the very first estimates are starting to be released regarding the impact of these exchanges on the cost of the coverage, experts and officials are cautioning consumers not to take the numbers at face value, just yet. There are many different factors to consider, and they have not yet all been applied to the estimates. For example, in April, Maryland released the premiums that would be…

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