Live Insurance News

Health insurance bill passed to open Kansas market

April 8, 2013April 30, 2013

The House was struggling with the bill that would permit insurers to sell very basic coverage in the state. On the last day of the regular session in Kansas, the House dedicated hours to debates, re-considerations and the pushing back of a bill, which was finally passed in order to allow the state to add bare bones health insurance policies to its market. The purpose of the bill is to help to make the coverage more affordable than what is currently out there. Senate Bill 163, which has been nicknamed…

Health insurance marketplace to provide coverage to almost 81,000 N. Pennsylvanians

April 1, 2013March 29, 2013 G. Turner

Many residents in the northeast of the state will be able to take advantage of the assistance it provides. As of a newly released report, it has been estimated that almost 81,000 people in Northeast Pennsylvania will be eligible for purchasing health insurance that is subsidized by the government when the marketplace opens up in the state for coverage next year. The report gave details of exactly who will receive this eligibility in the state when the exchange opens. The name of the report is “Help is at Hand: New…

Health insurance price limits for older beneficiaries held by federal government

February 26, 2013February 26, 2013 G. Turner

The Obama administration sticks to its restrictions on what insurers are allowed to charge. The federal government has now finalized a regulation for health insurance companies that is designed to safeguard consumers through tighter restrictions on what those insurers are allowed to charge older beneficiaries. The government made the decision despite warnings from the industry that everyone else may need to pay more. Health insurance companies have warned the Obama administration that if older customers are not allowed to pay more for their coverage, then younger policyholders may see their…

Insurance news from China shows funds facing strain

February 20, 2013April 30, 2013

The aging population in the country is starting to make medical coverage more expensive. The latest insurance news out of China has shown that the health coverage fund in Beijing is starting to experience considerable pressure as the population ages. People are living longer, which means that chronic diseases and medical care needs are growing. The older the population gets, the higher the frequency of chronic diseases. These are increasing the demand for medical services in the city, which means that Beijing’s insurance news is growing in its expenses. According…

Health insurance options limited for thousands of North Carolina residents

February 16, 2013April 30, 2013

A new bill in the state would leave many without choices when shopping for their medical coverage. Thousands of residents of North Carolina within the lower income brackets are being denied health insurance and, as a result of a measure that passed the House this week, they now have very limited coverage options available to them. This bill was drafted by the Republicans in the state with the purpose of helping to control costs. It is currently estimated that there are approximately 1.5 million people in North Carolina who do…