Health insurance exchanges were a popular subject during a recent gathering of federal lawmakers and insurance officials this week in Washington, D.C. Exchanges have been growing in popularity throughout the nation, gaining support in some states while finding opposition in others. The overall aim of the exchange initiative is to present consumers with a way to find and purchase affordable insurance policies. Much of the effort concerning exchanges centers around the concept of affordability, but consumers are far more interested in understanding what they are buying than how much policies…
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Problems with Ohio’s high-risk insurance pool bode ill for residents with chronic ailments
Last year, Ohio legislators approved a plan to establish a high-risk insurance pool in the state in order to appease new federal health care laws. The program was meant to attract residents who have had trouble obtaining insurance coverage in the past due to high-risk illnesses or chronic conditions. With more than 1,800 people currently enrolled in the plan, legislators are now seeing higher-than-expected costs in keeping the program afloat. In an attempt to mitigate the rising costs of the program, legislators have now limited enrollment. The program was meant…
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