Tag: health insurance premiums

Health insurance rate hike stopped by South Carolina Supreme Court

H. Cutner
South Carolina Health Insurance

The top court in the state has placed a temporary block on increases to plans for state workers. The Supreme Court of South Carolina has announced that it has placed a block on rate increases for the health insurance plans of the employees of the state. The justices have halted the increase until a lawsuit challenging the increase of 4.6 percent can be considered. The typical health insurance increase had been approved by the General Assembly, but this year, they voted to pay for this increase, in its entirety, using…

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Health insurance research on North Dakota marketplace shows near monopoly

North Dakota Health Insurance

A new study has found that the small market may increase premiums and shrink benefits. The American Medical Association has released the results of a study on the health insurance marketplace in North Dakota, which has revealed that the environment in the state is nearly a monopoly. It indicated that the small number of insurers were boosting premiums and decreasing benefits. The primary health insurance company in the state is Blue Cross Blue Shield. The study has made it clear that it is not claiming that any of the insurers…

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Health insurance plans often place a large amount of expense on customer shoulders

H. Cutner
health insurance options

Lower premium policies are leading to high costs that can be financially crippling. A first of its kind American health insurance analysis of over 6,000 plans that are geared toward families and individuals has shown that the majority of people who enroll in them are at risk of facing tremendous out of pocket medical expenses that could cause them to face financial ruin. Plans that feature lower monthly premiums often have high limitations to the coverage they provide. For this reason, it is not uncommon for people to face enormous…

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Health insurance group plans are 97 percent more expensive than in 2002

Julie Campbell
Cost of health insurance rates

The price of medical coverage has been on a rapid climb throughout the last decade. A new national business survey has released its results this week, and it has shown that the cost of family health insurance through workplace plans has increased another 4 percent this year, while wages rose by only 1.7 percent. The survey was conducted by the Kaiser Family Foundation/Health Research & Educational Trust. The gap between the coverage sponsored by employers, and the salaries paid to the employees is considered even more significant when the trend…

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Health insurance premiums on the rise in 2012

S.Vagus
car insurance rates homeowners

Survey shows health insurance premiums are growing Employer sponsored health insurance premiums for family plans went up this year, according to a survey from the Kaiser Family Foundation and the Health Research & Educational Trust. Health insurance premiums have been a serious concern since the Affordable Care Act was passed in 2010. The federal health care law seeks to lower premiums, but many suggest that the changes the law brings to the health care and insurance industries will, in fact, cause a spike in health insurance premiums. Premiums show modest…

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