California insurance premiums for health plans could spike by 8%

california insurance premiums

The rates for 2017 may be noticeably more expensive for residents of the Golden State. California insurance premiums may be heading upward next year according to an estimate that has been produced by the state’s exchange, to the point that the average person would be paying 8 percent more. Should this estimate be accurate, it will double the average increase seen over the last two years. This year and last year, there were increase to California insurance premiums, but they were a notably lower 4 percent. This latest forecasted increase…

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Health insurance and medication is growing more expensive in the US

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Health care costs saw significant growth in 2014 Health care costs saw significant growth in 2014, according to the Centers for Medicare and Medicaid Services. The federal agency has noted that health care expenditures are accelerating, with consumers and businesses spending a great deal of money on insurance coverage. As costs continue to grow, consumers are beginning to feel significant financial pressure. Finding a way to reduce health insurance costs is beginning to become a priority for the country, but an effective solution has yet to be found. Centers for…

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Health care costs for employees are 130 percent higher than 10 years ago

Health insurance for small business health care costs

Workers are seeing tremendously higher expenses for their insurance plans when compared to a decade ago. According to a recent data analysis that was conducted by Aon Hewitt, employees working for large and medium sized companies in 2015 were paying an average annual $4,700 in health care costs for their plans. Comparatively, back in 2005, the amount being paid by employees with these health plans was $2,001. Mike Morrow, the senior vice president of Aon Hewitt explained that companies are currently looking for ways to help to keep their costs…

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Direct care allows consumers to bypass their health insurance

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More consumers are taking advantage of direct care medical services A growing number of consumers are beginning to bypass their health insurance coverage in order to take advantage of direct care from medical professionals. For many, the high deductibles associated with their insurance coverage is simply too high, which is encouraging them to receive care directly from medical care providers rather than make use of their insurance policies. Some consumers are finding it less expensive to take advantage of direct care rather than use their costly insurance coverage. High deductible…

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Health insurance study shows limited networks don’t hurt

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Research in Massachusetts has revealed that these strategies don’t cause any harm to patients and they save money. Despite the fact that the majority of patients don’t like hearing that they can’t go to a certain hospital or see a certain doctor because of the limited network of coverage provided by their health insurance, this type of plan is becoming increasingly commonplace. These “limited” network plans (also known as “narrow”) are being seen more often than ever before. The reason is that these health insurance policies are typically cheaper for…

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Health insurance continues to divide those in the US

Health insurance care reform confusion debate

Survey shows that health care continues to be a very controversial issue in the US Digital media company Morning Consult has released the results of a new survey highlighting consumer opinion regarding health insurance in the U.S. The matter of insurance is somewhat controversial throughout most of the country, partly due to the fact that it has become a heavily politicized matter. The Affordable Care Act is somewhat to blame for this, as it became a platform upon which the current administration based much of its political clout. Divisive opinions…

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Health insurance companies partner to examine medical costs

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Rising medical costs encourage companies to come together to shed light on the issue Three of the largest health insurance organizations in the United States have agreed to come together for the sake of a new research initiative that is meant to help develop a digital tool that could shed some light on the costs of medical care. These costs have become a major issue for many people and businesses throughout the U.S. and are somewhat shrouded in mystery. It is no secret that medical costs have been on the…

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The impact of one hour of sleep on health care costs

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Daylight savings time strips drivers of one hour of sleep, causing a surprising and costly result. One hour of sleep may not seem like a tremendous amount, but as the majority of the country grumbled over having to “spring forward” with daylight savings time, health care costs saw a notable, short term spike that will only repeat itself at the same time next year. Many studies continue to show that even one hour of sleep can have detrimental effects. At the same time that the majority of people do like…

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Minnesota health insurance exchange moving forward

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Minnesota health insurance exchange still in a state of confusion A task force formed in Minnesota by the state’s government is currently investigating the next steps the state should take in building its own health insurance exchange. The task force is advisory in nature, but plays a significant role in the state’s future health insurance structure. The association met earlier this week and is expected to provide state lawmakers with recommendations on how the Minnesota health insurance exchange should take form. Lawmakers still unsure how to build an exchange program…

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Insurers in Massachusetts gain approval for health insurance rate increases

Massachusetts insurance regulators have approved a number of rate increase proposals from some of the state’s largest health insurance companies. Governor Deval Patrick supports the approval, citing rising health care costs that threaten to make an already ill economy more volatile. Consumer advocacy groups have decried the rate increases, saying that they put undue financial stress on those struggling to make ends meet. Regulators, however, have only approved proposals whose increases were less than 9% in the hopes of lightening the impact of higher rates. Blue Cross Blue Shield has…

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