Live Insurance News

Health care reforms changes to be made by the IRS

July 9, 2012July 9, 2012 H. Cutner

The Supreme Court’s ruling to uphold the Affordable Care Act means significant tax return changes. Now that the top court in the country has determined that most of the health care reforms will stand, the Internal Revenue Service has just over two years to put its new systems in place to manage their part of the system. This brings the IRS into the debate and asks whether or not the agency is capable of doing its part. It also asks whether this agency can fairly and accurately enforce the laws…

Health care reforms refusal by Governor Scott may force federal control

July 8, 2012 Dan

Florida may not be running its own mandatory statewide insurance exchanges. The refusal of Governor Rick Scott to implement Florida’s federally mandated insurance exchanges as per the health care reforms that have just recently received the nod from the Supreme Court, means that nothing has been prepared for the January 2014 deadline. This makes it likely that the federal government will need to control the marketplace for that state. This control means that the state will not be able to choose how its exchanges operate, what the required benefits that…

How California health care reforms will impact the state insurance environment

July 3, 2012July 3, 2012 S.Vagus

The Supreme Court’s decision to uphold President Obama’s law clears a path for the state to proceed. Now that the top court in the country has deemed the Affordable Care Act to be constitutional, California health care reforms will be continuing onward, changing the way that many of the residents of the state obtain their insurance and, therefore, the medical care that they receive. For the growing number of people without employer sponsored coverage, this will make a significant difference. Though the changes will be gradual – particularly at first…

Health care reforms in California go full steam ahead

July 1, 2012July 1, 2012 Marc

Officials in the state have breathed a sigh of relief from the Supreme Court’s ruling. California has always been among the states that most strongly supported the health care reforms made by President Obama’s Patient Protection and Affordable Care Act, since it was first adopted in 2010. Now that the top court has upheld the overhaul, the state is ready to continue on with its plans to comply. According to officials in the state from both the medical and insurance industries, the law has put California in the perfect position…

States required to submit health care reform plans by November 16 deadline

May 18, 2012May 20, 2012 Julie Campbell

Insurance marketplace plans must be submitted to the federal government. The states have been provided a deadline of November 16, 2012 by which they must have submitted their plans for their insurance marketplaces as per the regulations of the health care reform. This deadline is a mere 10 days after the presidential election. This deadline was provided within the guidance that was released to the states on May 16, and says that they must show the federal government how they intend to operate their online insurance exchanges. States that don’t…