Humana intends to step out of Affordable Care Act insurance exchanges

affordable care act health insurance coverage

The health insurer announced that it would no longer be selling individual plans on the public marketplace in 2018. Humana announced that it would no longer sell health insurance through the exchanges created through the Affordable Care Act. It will be withdrawing from the marketplace in 2018. With this withdrawal comes the first exit from the exchanges by a major health insurance company. As could be expected, President Trump grabbed the opportunity to tweet about the Affordable Care Act. He said Humana’s withdrawal was further evidence that The ACA needed…

Read More

Extended health insurance enrollment deadline is today

health insurance enrollment

Last Thursday, federal officials announced the extension of the open enrollment period, but it’s nearly over. On Thursday night, federal officials announced an extension to the health insurance enrollment period. This gave consumers until today to sign up for health plans that would start their coverage on January 1. The extension will continue at the Affordable Care Act marketplaces until tonight at midnight. This lengthening of the period in which consumers could sign up is the second consecutive year this has happened. Last year, federal officials granted an extension to…

Read More

Kentucky insurance exchange loses another health insurer

Kentucky insurance exchange health insurers

Baptist Health Plan has announced that it will no longer be selling its policies in the state in 2017. Baptist Health Plan has announced that it will be leaving the Kentucky insurance exchange next year. This will mean that approximately 7,000 people across the state will need to find new coverage for 2017. The health insurance company is the fourth largest in the state and notified officials of its decision via letter. The president of the insurance company, James S. Fritz, shared the reason for leaving the Kentucky insurance exchange…

Read More

California Insurance Commissioner supports state-level public option

As large insurers step out of many of the federal exchanges, the state is looking to lead the way with alternative options. California Insurance Commissioner Dave Jones supports a new state-level strategy that could enhance health insurance marketplace competition. The intention is to implement a public option within the state which could possibly make California a guinea pig for launching similar ideas in the rest of the country. “I think we should strongly consider a public option in California,” said Jones. California Insurance Commissioner Jones explained that the state is…

Read More

Health insurance coverage is growing, says Census Bureau

Covered California exchange health insurance coverage

A new report has just been released and has showed that there continue to be fewer uninsured Americans. The Census Bureau has now released its Health Insurance Coverage in the United States for 2015 report. It revealed that last year saw greater progress in reducing the number of people who are uninsured. This maintained a trend that was recorded the year before when there was a considerable plummet in the number of people without a health plan. Last year, the rate of uninsured people fell to 9.1 percent after having…

Read More

Health insurance exchange enrollment is nowhere near predictions

health insurance exchange

In fact, current statistics show that participation is less than half of what it was expected to be by now. Health insurance exchange enrollment is currently less than half of initial predictions. The lack of participation in the health care law as predicted has caused these marketplaces to undergo a considerable shift. Several major insurers have stopped selling their health plans due to the expense associated with them. Recent Kaiser Family Foundation forecasts indicate that consumers will have far less choice next year. Health reform analyst from the Kaiser Family…

Read More

Health insurance cost is leading concern for consumers

health insurance cost medical

Choice is not as high up on the importance list when it comes to health plan shoppers. A federal analysis revealed the top concern as health insurance cost among consumers shopping for coverage. Millions of people purchase their health plans on the insurance exchanges in order to comply with the Affordable Care Act. Their top goal when buying health insurance is to be able to save money on the plan they purchase. Several different factors were taken into consideration when examining the issues that mean the most to consumers. Health…

Read More