This month, the U.S. Supreme Court will begin litigation on the controversial Affordable Care Act. The federal law seeks to radically change the structure of the country’s health care industry and introduces new insurance regulations that are aimed at benefiting consumers. The Act was signed into law in 2010 and has since been a point of contention for political leaders and legislators throughout the U.S. Many states have backed the Affordable Care Act, but others have filed lawsuits against the federal government, accusing the law of being unconstitutional. The Supreme…
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Health insurance analysis suggests that insurance may be completely unaffordable by 2031
Two leading medical professionals have published a new analysis of the future of health insurance in the latest issue of Annals of Family Medicine. Richard A. Young and Jennifer E. Devoe have taken a look at the Affordable Care Act and how it will affect the health insurance industry from when it is fully enacted in 2014 to the state of the industry in 2037. The study assumes that the federal health care law is successful in its goal of lowering health insurance premiums. Despite this supposed success, the study…
Read MoreGrowing number of young adults in Minnesota have health insurance coverage
The Minnesota and Massachusetts health insurance coverage rates are currently drawing attention as they have achieved rates of 98 percent and officials try to determine whether or not they have reached their highest possible levels. A Minnesota survey published in an article called “Many Minnesotans Still Without Insurance” has indicated that the segment of people within the state who are currently uninsured has not entirely returned to the levels that had been reached by the end of 2009. The uninsured rate last year had kept stable at 9.1 percent, regardless…
Read MoreEmployees look to cancer insurance to fill the gap left by employers’ high deductible health coverage
Employers in California, as well as across the country, are attempting to cut the costs… associated with the skyrocketing medical insurance premiums by choosing higher deductible health coverage that shifts some of the expense to the employees. In response, many of those employees are looking to supplemental health plans like cancer insurance as a way to fill in the gaps that are being left behind by that employer sponsored insurance. Though these efforts were not very common as recently as two years ago, they are increasingly becoming the norm. That…
Read MorePennsylvania to answer consumer questions regarding state’s health insurance exchange
As Pennsylvania continues its slow and steady march toward building a health insurance exchange, residents of the state are coming to the Department of Insurance with questions about how the exchange will affect them. The state’s Department of Insurance has been awarded a $1 million grant from the federal government to help keep consumers informed over the matter. With the money, the department has hired additional staff, whose purpose it is to answer the questions consumers have about the exchange and the Affordable Care Act. Pennsylvania has stood in opposition…
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