Live Insurance News

Federal health insurance exchanges may fall short

September 25, 2014September 22, 2014 S.Vagus

HealthCare.gov has come under scrutiny as a new open enrollment period approaches The federal HealthCare.gov website may not live up to expectations by the time open enrollment for U.S. health insurance exchanges begins again this year. The website is set to begin testing with insurance companies on October 7, but it has been crippled by severe glitches and other issues that could prevent it from working efficiently. If the site’s problems are not resolved, it may not be able to serve as an adequate way for people to enroll for…

Legal battle erupts over broken health insurance exchange

August 28, 2014August 26, 2014 S.Vagus

Oregon has filed a fraud and breach-of-contract lawsuit against Oracle Late last week, Oregon filed a lawsuit against software company Oracle and several of its top executives. The state is accusing the company of fraud and breach-of-contract that may have cost Oregon a veritable fortune while leaving many of the state’s residence without access to a working health insurance exchange. Oracle was contracted by the state to develop the software that would manage the exchange, but internal problems have left the exchange inoperable and it has yet to see an…

Disability insurance payments paid by SSA to ineligible recipients

September 20, 2013September 17, 2013 G. Turner

These individuals have received $1.3 billion which they were not entitled to obtain and the SSA hopes to recoup some. Estimates released from the Government Accountability Office (GAO) has shown that the Social Security Administration (SSA) has issued approximately $1.3 billion in disability insurance payments to individuals who were not eligible to receive them. This figure was calculated based on an analysis of SSA data for beneficiaries from December 2010 to January 2013. The analysis was conducted on the SSA data regarding the individuals who were recipients of disability insurance…

Health insurance exchanges may miss important deadline

June 24, 2013June 22, 2013 Logan B.

Health insurance exchanges are falling behind schedule in the US Throughout the U.S., health insurance exchanges are scheduled to begin open enrollment on October 1 of this year. Each state will have its own health insurance exchange in place, but many of these exchanges are likely to be managed by the federal government. The exchanges have received praise mixed with criticism since the passage of the Affordable Care Act in 2010. The federal health care law makes these exchanges mandatory in each state and has placed a deadline on when…

Medicaid report shows little difference from the private sector

November 21, 2012April 30, 2013

Medicaid offers nearly identical level of coverage As health insurance in the U.S. continues to be a controversial issue, the Government Accountability Office, the investigative arm of Congress, has released a new report concerning the much-debated Medicaid program. Under the Affordable Care Act, which was passed in 2010, states are required to expand the accessibility of their Medicaid programs. These states are meant to receive some degree of aid from the federal government, but many have opposed the notion of expanding their programs due to the high costs that would…