Congressional Budget Office predicts $800 million bill for 5 years of CHIP

Congressional Budget Office CHIP

The Children’s Health Insurance Program covers almost 9 million low income kids in the country. The Congressional Budget Office released a prediction from its analysts that the Children’s Health Insurance Program (CHIP) will cost $800 million for a 5 year renewal. This total could help lawmakers to overcome one of the main challenges to the program’s renewal. Some states risk running out of funding for their kids’ coverage as soon as the close of this month. Prior analyst estimates suggested the cost of renewing CHIP would be closer to $8.2…

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Top California health insurance barriers include premiums and eligibility

California Health Insurance

The results of research conducted throughout 2014 showed that there were very specific reasons for remaining uninsured. A new study conducted by researchers at the Center for Labor Research and Education at the University of California, Berkeley, as well as the UCLA Center for Health Policy Research has determined that among the individuals without California health insurance coverage in 2014, two out of every three were deemed eligible but chose not to enroll as a result of the cost. The other third of the uninsured residents of the state were…

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Health insurance deductibles in Alabama will soon be higher

Alibama Health Insurance Costs

Consumers have expressed concern over their ability to afford to use the coverage they’ve purchased. Residents of Alabama have been voicing frustrations over an upcoming increase to the deductibles they pay out of their own pockets for health insurance they’ve purchased under the requirements of the Affordable Care Act. They have stated that the combination of higher premiums and deductibles are making coverage less affordable. The premiums being paid for health insurance in Alabama increased by an average of 28.3 percent over the last year. This was tough on many…

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Growing number of clinics could affect health insurance costs in the US

health insurance bills stress

Health clinics are becoming more common in the US The number of retail health clinics in the United States is growing and this may be having an effect on the overall spending on medical services throughout the country. A new study published in Health Affairs suggests that the belief that low-cost clinics would lead to less health care spending may be inaccurate. These clinics are designed for those without health insurance coverage and those that are underinsured, existing as a way for these people to acquire the medical care that…

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Higher health insurance costs are creating pressure for Colorado employers

Colorado Health Insurance

Survey highlights the concerns that Colorado businesses are reporting with costly health insurance plans Growing insurance costs are weighing heavily on businesses in Colorado, according to a new survey from Lockton Mountain West Benefit Group. The survey has found that many businesses are becoming increasingly concerned over the rising of health insurance premiums. Those that offer insurance coverage to their employers have been hit with rate increases over the past few years, largely a due to the costs that insurance companies themselves are facing. Cost is the single greatest concern…

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Health care costs for employees are 130 percent higher than 10 years ago

Health insurance for small business health care costs

Workers are seeing tremendously higher expenses for their insurance plans when compared to a decade ago. According to a recent data analysis that was conducted by Aon Hewitt, employees working for large and medium sized companies in 2015 were paying an average annual $4,700 in health care costs for their plans. Comparatively, back in 2005, the amount being paid by employees with these health plans was $2,001. Mike Morrow, the senior vice president of Aon Hewitt explained that companies are currently looking for ways to help to keep their costs…

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More people in Colorado are finding it difficult to pay for their health insurance

Colorado Health Insurance

More people have insurance coverage, but fewer people can afford their policies The number of people in Colorado with health insurance has been growing steadily, but so too is the number of people that cannot afford their coverage. During the state’s annual Health Summit, Jeff Bontrager, direct of research on coverage and accessibility with the Colorado Health Institute, noted that insurance premiums are becoming a major problem for consumers. This is becoming a troubling trend that many other states across the country are also experiencing. Affordable Care Act has lead…

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Mergers among health insurance companies could drive rates skyward

health insurance companies profits

The American Medical Association has said that the reduction in competition will raise rates. The American Medical Association (AMA) has recently released the results of a study that claims that most health plan markets in the United States are currently led by a small number of insurance companies that may become even fewer with the current trend of mergers and acquisitions. The organization representing doctors and hospitals is criticizing the impact of this market shrinking. The reason is that they feel that if the current intentions of insurance companies to…

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New Jersey residents are finding it hard to pay for health insurance

new jersey health insurance

Report highlights the good news and bad news for those purchasing coverage through exchanges A recent report from the Centers for Medicare & Medicaid Services shows that enrollments in health insurance exchanges throughout the country remained stable during the last open enrollment period. In New Jersey, however, this could be a double-edged sword. While more people in the state have been able to acquire insurance coverage through the state’s exchange, fewer people are able to keep up with the pace at which insurance premiums are growing. New Jersey exchange continues…

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D.C. health insurance exchange will be losing some options in 2016

Health Care Reform insurance exchange

Residents of Washington D.C. won’t have as much competition on the marketplace, next year. People who live in Washington D.C. will be finding that when they look over their health insurance exchange, next year, to comparison shop for plans, they won’t have quite as many options as they saw this year. There will actually be only one carrier from which to choose, which will considerably change the playing field. Because of the plummeting competition over the insurance exchange in D.C., many of the residents who will be using it will…

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