Live Insurance News

Health insurance change goes unnoticed by many small businesses

January 21, 2013January 21, 2013 S.Vagus

Small, yet significant change to health insurance mandate made late last year Small businesses throughout the U.S. have been bracing for the financial impact of new health insurance regulations that will go active in 2014. Projections suggest that the health insurance policies that these companies offer to employees will become significantly more expensive when these regulations go live. In late December, 2012, amidst debates concerning the “fiscal cliff” that the country had been facing, an amendment to these federal regulations was introduced that went mostly unnoticed by small businesses. Regulation…

Affordable Care Act could bring financial trouble to 6 million

September 21, 2012 S.Vagus

Report suggests Affordable Care Act provisions may create some financial stress for consumers Analysts from the Congressional Budget Office have released a new report concerning the effects that the Affordable Care Act will have on U.S. citizens. The health care law has been the subject of controversy for the past two years due to provisions that some states consider to be unconstitutional. Though the health care law has been challenged and upheld, those opposing the law are still looking for alternatives, claiming that the law will bring with it profound…

Mississippi Insurance Commissioner Chaney finds a way to build a health insurance exchange

September 17, 2012 S.Vagus

Commissioner Chaney faces down political disparities Per the Affordable Care Act, all states in the U.S. are required to build health insurance exchanges. For the majority of the country, this is no longer an issue of politics, but one of finance. For the 26 states that sought to dismantle the federal health care law, however, building a health insurance exchange will be a difficult issue to deal with. Mississippi Insurance Commissioner Chaney, for example, is facing the problems of establishing an exchange in a state that continues to oppose the…

Florida Insurance News – Wrestling with health care reform

September 4, 2012September 3, 2012 S.Vagus

Florida Insurance News Headline: Officials concerned of losing control of health insurance industry When the Affordable Care Act was passed in 2010, several states banded together to overthrow what they considered to be an unconstitutional law. Earlier this year, the matter went before the Supreme Court, where the law was upheld. Florida was one of the state’s leading the charge in dismantling the Affordable Care Act and, despite the Supreme Court ruling, continues to oppose the law due to its controversial provisions. Florida, along with other stats, have expressed concern that…

Legislation to give California insurance regulators more power is pulled from the Legislature

September 1, 2011September 1, 2011 S.Vagus

For the past several months, California legislators have been toiling over a bill that would give the state’s insurance regulators expansive new powers. The bill would have expanded upon regulator’s authority and enabled them to reject or revive insurance rate proposals from the state’s insurance companies. The bill has generated a fair amount of opposition, especially from insurers who are loathe to see regulators wielding more authority. Now the future of the bill is uncertain, as its author, Assemblyman Mike Feuer of Los Angeles, pulls it from consideration. Feuer’s legislation…