Insurance regulators for the state of Wisconsin have expressed their worry over the impact of a new federal rule, which may make it impossible for some health insurance companies from being capable of providing coverage to individuals who purchase their own health coverage as opposed to receiving it through their employers. In Wisconsin, the insurance commissioner’s office has made a request to federal officials to gradually ease into their new rule, which would necessitate that health insurance companies spend at least 80 percent of the premiums they collect on actual…
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Digital Insurance Inc. offers complimentary healthcare reform webinar
The top employee benefits agency for speed of growth, Digital Insurance Inc., has sent out invitations for a free webinar that they have entitled “The Agency of the (Not So Distant) Future”, which will be held on Thursday, November 3, at 2 pm. The chief marketing officer and executive vice president of Digital Insurance, Mike Sullivan, will be using the seminar to make a presentation of his vision of the successful agency of tomorrow, and to go over the type of knowledge and infrastructure that will be required in order…
Read MoreInsurance brokers’ role in new health care system is still unclear
With health care reform on the horizon, the role of the insurance broker is likely to change along with the shifting environment of the health system. Federally mandated health insurance exchanges are going to play a bigger part in people’s search for coverage. The exchanges will, essentially, give consumers the ability to find their own health care policies and purchase these policies electronically. While this will be a popular trend amongst the average consumer, it may also be one that health care professional’s follow, which puts brokers and agents on…
Read MoreIdaho health insurance exchange, Insurance Commissioner notes that it may cost insurance agents their jobs.
The debate on whether to pursue federally mandated health insurance exchanges continues in Idaho. The state has stood divided on the issue since Congress passed the Affordable Care Act back in 2010. Opponents of the health care overhaul say that the changes to health care are unconstitutional and have resisted efforts to establish an insurance exchange in the state. Many have gone so far as to reject monetary aid from the government for the initiative. Governor C.L. Otter, backed by several lawmakers, now says that time is growing short and…
Read MoreAmerican Cancer Society opposes exclusion of insurance sales commissions from administration spending limits
Regardless of not having performed a single study or impact analysis on the legislation, the American Cancer Society has recently opposed an effort in Congress to exclude insurance sales commissions from the regulations that control the maximum amount that can be spent on administration by insurers. The reason that the American Cancer Society is standing against the congressional effort is that it claims that it will lead to a rise in insurance premiums. Many argue that there is no proof, numerical, or statistical evidence that would suggest this, but at…
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