The American Medical Association has started to apply pressure to the states in order to send the system in a direction that would permit all health insurance companies of meeting the minimum standards to take part in the insurance exchanges that will be created by 2014 as a part of the healthcare overhaul. This significant doctors organization has announced that it will be putting its full support behind the health insurance exchange structure that allows for an open marketplace instead of the “active purchaser” style alternative. That latter technique would…
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Consumer group in California petitions lawmakers to grant more control to state insurance regulators
California consumer advocacy group Consumer Watchdog has submitted a new proposal to the state attorney general’s office regarding health insurance. Last year, the organization was a driving force behind new auto insurance regulations that pout caps on premiums. Now, the group is backing legislation that would require the state’s health insurers to wait for approval from regulators before collecting premiums from higher rates. Consumer Watchdog is awaiting the approval from the state’s attorney general before it begins to collect the 505,000 signatures needed to bring the issue before the state…
Read MoreWisconsin insurance regulators seek 80 percent rule exemption
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…
Read MoreNew form of insurance battle building among sufferers of eating disorders
Sufferers of eating disorders such as bulimia and anorexia are now struggling on a new battlefield within the insurance world, calling into question the extent to which laws regulate equivalent protections for mental illnesses. Court cases and claims regarding severe instances of eating disorders are attempting to require payment for residential treatment center costs, as those institutions provide patients with monitoring around the clock every day so that they will not have the opportunity to skip meals or purge what they have consumed. Recently, some insurers have re-stated the fact…
Read MoreHealth care costs may be uncontrollable as the populace ages
The costs of health care are on the rise, putting heavy financial strain on insurance companies which, in turn, translates into higher premiums for consumers. While arguments regarding the cause of rising health care rates abound, the real reason for the phenomenon may be something that is impossible to control. The so-called baby boomers generation is steadily aging, with many reaching the twilight years of life. With age comes a sleuth of new medical concerns ranging from cancer to dementia. While older generations have been dealing with such troubles for…
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