Former HHS Secretaries join forces to encourage health insurance market stability

health insurance market stability

The countries past health chiefs recently spoke with a message to President Trump and GOP Congress members. Former U.S. health secretaries recently spoke with a message to President Donald Trump and GOP Congress members, saying that when it comes to the health insurance market stability, don’t make things worse. Their goal was to try to convince the lawmakers not to unbalance the stability even further. As it appears as though the Affordable Care Act is here to stay for at least the foreseeable future, the former health chiefs are encouraging…

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Health insurance market is experiencing a growth rate slowdown

affordable care act health insurance coverage

A government survey has shown that the growth rate within that market dropped significantly in 2016. A federal report has confirmed that the health insurance market growth rate is slowing down. In fact, this year saw a notable growth reduction when compared to the rates seen since the launch of the Affordable Care Act. Still, there is progress being made and at the start of the year, uninsured rates hit record lows. During the first three months of the year, the health insurance market was providing coverage for an additional…

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UnitedHealth is abandoning health insurance exchanges throughout the US

online health insurance technology exchange

UnitedHealth sees major losses through participation in insurance exchanges UnitedHealth, the largest health insurance provider in the United States, has been suffering major losses by participating in insurance exchanges. These losses are also due to the provisions of the Affordable Care Act, which has pushed the insurer from exiting from exchanges entirely. Last month, the insurer has sounded somewhat optimistic concerning its performance in the exchanges, but now sees these marketplaces as a detriment to its business. Insurers are beginning to express doubts that exchanges are viable In the early…

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Alaska’s health marketplace loses 3 insurance companies

Alaska health insurance

Three insurers have now announced that they will no longer be selling individual plans in the state. Yet another insurer has now announced that it will be leaving the individual health plan marketplace in Alaska, which has brought the number of insurance companies that will be leaving the state up to three over the last couple of months, alone. This will cause over 5,000 Alaskans to have to seek out a new provider for their health care policies. The three insurance companies that have given their notice during the last…

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Health insurance companies may not be complying with Texas regulations

Texas health Insurance companies

Some insurers may be ignoring state regulations regarding transparency Many health insurance companies in Texas may not be complying with the state’s new regulations regarding transparency. The regulations require insurers to submit regular reports to the Texas Department of Insurance, detailing information concerning their health care networks. When insurers do not file reports, or if these reports are inadequate, state regulators are meant to take action, but public records have shown that this rarely happens. As such, many insurers may be circumventing regulations and avoiding regulators entirely. Small number of…

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Texas insurance alternative offered by health sharing ministries

Texas health Insurance companies

Open enrollment for next year’s coverage is less than a month away and now new options are arising. The Texas insurance market is now seeing a new and more active participant, now that the 2015 open enrollment is rapidly approaching, as the so-called health sharing ministries are seeking to bring in new members who would like to have coverage but either want an alternative to the traditional plan or cannot afford one. This is a critical time in which to market health insurance, as consumers prepare to make their 2015…

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Canceled health insurance policies may be due to the interests of insurers

retroactive health insurance

Health insurance policies are being canceled throughout the US Controversy concerning the U.S. Affordable Care Act has reached new heights as several individual health insurance plans were canceled in late October and the beginning of November. Many individual policies throughout the U.S. have been canceled due to certain provisions of the Affordable Care Act. These provisions require insurance companies to provide coverage for 10 essential benefits, as outlined by the federal government. Policies that did not meet this standard were cancelled, but policyholders were also given an opportunity to purchase…

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