California health insurance premiums may spike, analysis

California health insurance premiums - American and Californian flag

Covered California predicts a possible spike in rates residents are paying for policies. California health insurance premiums may sharply rise over the next few years. In fact, Covered California’s own analysis predicts a 35 percent increase by 2021. When compared to the current rates, Californian consumers may pay 35 percent more over three years. The state is among a total of 15 predicting average rate hikes of 35 percent by 2021 compared to their current rates. Across the United States, consumers purchasing coverage on an insurance exchange may pay more.…

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Health insurance expenses bring stress to uninsured American adults

Health Insurance Expenses - Stressed Adult

A new report shows uninsured people are hesitant to purchase a policy due to anticipated rising costs. Approximately 71 percent of uninsured American adults who were aware of the open enrollment period chose not to purchase a plan due to expected increasing health insurance expenses. They risk failure to comply with the Affordable Care Act to sidestep rising costs. This represents a potential shift in the level of confidence that the ACA will stay in effect. The research was conducted by the Commonwealth Fund. The results were published in a…

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Children’s Health Insurance Program funding slashed in Trump budget

Children’s Health Insurance Program

While that program is hacked down by 20 percent, millions more kids will be affected with the Medicaid reductions. President Donald Trump’s budget plans will take down the Children’s Health Insurance Program funds by at least a fifth of its current size within two years. At the same time, Medicaid, a program that covers millions of other kids, will also be axed down in size. Millions of families may watch their health plans disappear if the president’s proposed budget passes. The budget, entitled “A New Foundation for American Greatness,” would…

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Children’s Health Insurance Program funding may be in jeopardy

Children’s Health Insurance Program kids

Congress has to act on reauthorizing funding for CHIP Congress may need to act quickly if it wants to save the national Children’s Health Insurance Program (CHIP). The program’s funding scheme is set to expire soon and this could leave children throughout the United States without access to health insurance coverage. The program’s current funding will run dry next year, but relatively little has been done to address this issue. The burden of keeping CHIP alive is not for Congress alone, of course. States must begin working with insurers and…

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US government to investigate health insurance subsidy abuse

health insurance costs subsidies

Government regulators are looking to uncover potential fraud Hundreds of thousands of people throughout the U.S. are being contacted by the federal government. The government is questioning these people about their eligibility for the subsidies provided by the Affordable Care Act. According to the Obama administration, a large portion of those seeking coverage through health insurance exchanges may have provided misleading or false information concerning their incomes. This information does not match that which is stored with the Internal Revenue Service, which calls into question whether or not subsidies are…

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Health insurance: A lack of knowledge may be the plight of young people

teen mobile train bus health insurance

Young people are almost entirely unaware of insurance issues There is a significant gap in the awareness that younger people have concerning health insurance than that which exists with their older counterparts. Insurance is often considered a boring subject among young people. Many of these people do not have to worry about insurance issues in any way, which means that they perceive little purpose in understanding insurance in general. This lack of interest may actually prove problematic in the future as the insurance landscape in the U.S. continues to change…

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Health care reform leads Kathleen Sebelius to step down

Healthcare Reform - Kathleen Sebelius, Secretary of the Department of Health and Human Services

The HHS secretary will now be leaving her post and the OMB director will be replacing her. The Health and Human Services Secretary, has announced in recent health care reform news that she has resigned from her post, bringing an end to a turbulent tenure as the primary voice for the Affordable Care Act. President Obama spoke at a Rose Garden ceremony, to nominate his budget director to succeed Sebelius. Obama stated that “After five years of extraordinary service to our country, and seven and a half million Americans who’ve…

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Insurance news study shows artists twice as unlikely to have health coverage

health insurance news

The research determined that the primary cause of the uninsured status is the cost of a plan. According to the results of a study that are making insurance news headlines after having been released by the Future of Music Coalition and the Artists’ Health Insurance Resource Center, twice as many artists such as actors, musicians, dancers, and others are likely to be uninsured as the general population. These creative individuals are among the demographics least likely to have health plans. The research making this insurance news involved a survey of…

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Obama Care – What it Means to You, From Insurance Medics

health insurance mandate

FORT LAUDERDALE, Fla., Sept. 28, 2013 (GLOBE NEWSWIRE) — Obama Care is finally here. That can mean different things to many people. For instance, some individuals will be able to keep their current health plan and not worry about finding a new one. While others can keep their plan until it expires sometime in 2014. Then for some, obtaining health insurance during open enrollment will be the first time receiving health coverage in their life. For those that purchased a plan prior to March 23, 2010, individuals can keep that…

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Health insurance for employees is on the rise in Massachusetts

Health Insurance benefits

Employer sponsored coverage is becoming more common among workers within the state. According to the data in a recent report, the percentage of employees in Massachusetts who are opting to take part in their employer’s sponsored health insurance coverage instead of taking home a larger amount of pay has increased since 2006, when the state overhauled its medical coverage system. The report also suggested that the federal Affordable Care Act may replicate this same result. The share of employees who have health insurance through their employment increased from having been…

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