ACA health insurance premiums fall for the first time

ACA health insurance - Decline - Graph

The average amount that American pays for the most popular Obamacare plans is dropping. The average premiums paid for the most popular ACA health insurance plans have fallen for the first time. These Obamacare plans have become more affordable for the first time in six years. The average paid for these health insurance plans is dropping slightly, reversing a rising trend. Across the 39 states that use HealthCare.gov, there is an average drop in ACA health insurance premiums of 1.5 percent for 2019. This is occurring in the coverage tier…

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Health and Human Services Secretary Tom Price resigns following spending criticism

Tom Price health and human services secretary

Huge pressure regarding massive spending on chartered flights causes Price to step down. Tom Price, Health and Human Services Secretary, has now resigned under massive pressure due to his high travel bills. Price accumulated at least $400,000 in travel expenses – primarily from chartered flights – which was in direct opposition to the Trump administration’s promise to “drain the swamp.” President Trump has been promising to reduce the corrupt and entitled capital in the government. Price had already been facing trouble from Trump for having been unsuccessful as Health and…

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Taxpayers to commit $660 billion for health insurance subsidies in the US

Health Insurance Expense

Subsidies to help cover the cost of coverage for those over the age of 65 are growing This year, taxpayers in the United States will commit more than $660 billion to help subsidize health insurance coverage for those over the age of 65, according to the. The federal agency has released one of its most comprehensive reports concerning the cost of subsidized insurance coverage, highlighting the potential these subsidies have to reduce the national deficit. According to the report, the 2016 tax bill accounts for 3.6% of the country’s gross…

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20 million people have received health insurance through the Affordable Care Act

Health Insurance Agent

Health care reform has made insurance coverage more accessible An estimated 20 million people in the United States have managed to acquire health insurance coverage since the passage of the Affordable Care Act in 2010, according to a new report from the Department of Health and Human Services. Over the past few years, the health care reform law has been subject to harsh criticism, with opponents of the legislation threatening to repeal the law in favor of a different solution. The Obama Administration, however, notes that more people have access…

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Covered California sparks more competition in state’s health insurance market

California health insurance industry agent

Competition in California insurance market is growing thanks to the state’s exchange California’s health insurance exchange, called Covered California, has released a new enrollment report. The report shows that the state’s exchange has had a significant impact on competition in the California insurance market. The exchange has lead aggressive negotiations with insurance companies, ensuring that competition remains strong and consumers have a wealth of options when it comes to finding the coverage that they need. According to Covered California, more than 439,000 new people have enrolled into the exchange. 439,000…

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12.7 million people enroll for health insurance coverage in the US

online health insurance technology exchange

HHS reports that more people signed up for insurance coverage in 2016 than they did in 2015 The Department of Health and Human Services has released data showing that 12.7 million people throughout the United States have enrolled for health insurance coverage through exchanges for 2016 coverage. Enrollment numbers surged during the last hours of the open enrollment period as consumers scrambled to acquire the health insurance policies they need to avoid a federal penalty. The open enrollment period seems to have been a success, ensuring that more people than…

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End of open enrollment period for health insurance exchanges is coming to an end

health insurance exchange

Consumers are running out of time to acquire health insurance policies Residents of the United States have until January 31 to acquire health insurance coverage through federal and state-run exchanges. The end of the open enrollment period of these exchanges is rapidly approaching and those without insurance coverage could face a penalty from the federal government. This penalty has grown this year, which may come as a surprise for some consumers that are unaware. Consumers throughout the country are being encouraged to acquire health insurance, either through HealthCare.gov, or through…

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