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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Open enrollment for health insurance exchanges is coming to an end

Oregon Health Insurance exchange

Deadline for consumers to purchase coverage is rapidly approaching For those without health insurance coverage, time is running out to acquire coverage in the United States. The open enrollment period for insurance exchanges will come to an end on January 31 this year. After the enrollment period is over, consumers will no longer be able to use exchanges to purchase health insurance coverage, except in some special cases. Currently, those without coverage can find policies through HealthCare.gov, the exchange system established by the federal government. Uninsured consumers will face a…

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Texas sees an increase in those enrolling in health insurance exchange

Texas health Insurance

HHS finds that 56,000 people have enrolled in federal insurance exchange last week The number of Texas residents enrolling for health insurance coverage through the state’s exchange has grown last week. The Department of Health and Human Services recently released a report showing that some 56,000 people have enrolled for coverage in Texas through HealthCare.gov as of last week, bringing the total number of Texans signing up with the exchange to approximately 1.1 million. Despite the growth, enrollment in Texas has lagged behind that being seen in other states. Many…

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HHS announces that 8.2 million people have acquired health insurance during open enrollment period

health insurance mergers industry care

HHS data shows that millions of consumers have acquired coverage through HealthCare.gov The U.S. Department of Health and Human Services (HHS) has announced that as many as 8.2 million people have signed up for health insurance coverage through HealthCare.gov. Of these, 2.1 million were below the age of 35, which has become one of the most sought after demographics for the insurance industry. This is significantly higher than the estimated 6.4 million people who used HealthCare.gov during last year’s open enrollment period. Majority of consumers receive coverage through federal exchanges…

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50,000 Kansas residents sign up for health insurance coverage through exchange

Kansas health insurance

HHS shows that thousands of consumers have managed to find coverage through federal insurance exchange The U.S. Department of Health and Human Services has reported that some 50,000 Kansas residents have signed up for health insurance coverage through the state’s exchange as of December 12. The state’s exchange is managed by the federal government, as are most exchanges operating in the United States. Consumers can access the exchange through HealthCare.gov, which was recently revamped to provide better service to consumers that need to purchase insurance coverage. Open enrollment is set…

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