Health insurance enrollments remain low among young adults

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The Affordable Care Act needs younger and healthier consumers to sign up to offset costs from older policyholders. As much as the Affordable Care Act has seen a considerable growth in the number of uninsured people who have been signing up for health insurance through the exchange websites, there is one considerable area of struggle that it has been facing in terms of sign-ups: young adults. This problem isn’t a minor one, as the ACA had been relying on healthy people to offset the expenses of the sick. As young…

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Health insurance and medication is growing more expensive in the US

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Health care costs saw significant growth in 2014 Health care costs saw significant growth in 2014, according to the Centers for Medicare and Medicaid Services. The federal agency has noted that health care expenditures are accelerating, with consumers and businesses spending a great deal of money on insurance coverage. As costs continue to grow, consumers are beginning to feel significant financial pressure. Finding a way to reduce health insurance costs is beginning to become a priority for the country, but an effective solution has yet to be found. Centers for…

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Health insurance companies in Arkansas owe $7.1 million in rebates

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Insurers are finding it difficult to comply with a provision of the Affordable Care Act Arkansas businesses and consumers are owed a great deal of money from the state’s health insurance companies. According to the Centers for Medicare and Medicaid Services, these companies collected too much in premiums last year and are now required by federal law to reimburse consumers and businesses. Per the Affordable Care Act, insurers are required to spend no less than 80% of the money they collect from premiums on medical care, something that some insurers…

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Moda to exit Washington health insurance market

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Moda Health will leave the Washington insurance market, including the state’s exchange Moda Health, a prominent health insurance provider, has announced that it will be leaving Washington’s insurance exchange. The insurer provides coverage to some 47,000 consumers through the state’s exchange and many of these people may have to find coverage elsewhere in 2016. Enrollment for the state’s exchange begins in November, but consumers will no longer be able to find plans from Moda, as the insurers is focusing on other markets following some shortfalls in Washington and other states…

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Montana is working to expand its health insurance program

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Montana opens public comment period for Medicaid expansion Federal officials are taking public comment in Montana concerning the expansion of Medicaid coverage. The state is currently working on expanding Medicaid coverage to some 70,000 low-income residents. The comment period is set to run through October 15, according to the Centers for Medicare and Medicaid Services. Expanding the state’s health insurance program has been a hard battle, as state lawmakers have resisted expanding the program due such an action’s association with the Affordable Care Act. State has already outlined plans to…

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