State insurance regulators start approving rate hikes to cover Trump’s slashed subsidies

trump health insurance regulators premiums rates

Officials in Maryland have already given their approval to the last minute increases, but others are following. Insurance regulators in many states are starting to look into last minute health plan rate increases to compensate for the elimination of Affordable Care Act subsidies. Michigan officials have warned that they are already looking into the increases that they are likely to approve. At the same time, Maryland insurance regulators have already given their approval to the rate hikes. These increases are a direct response to President Trump’s executive order that eliminated…

Read More

GOP opposition to ACA subsidies suspends bipartisan health care agreement

aca subsidies - health care reform

Just after bipartisan senators released an eleventh hour effort to save medical coverage, it ground to a halt. A bipartisan effort to rescue the American health care system following President Donald Trump’s annihilation of the ACA subsidies has stalled. Though the agreement had been underway, hours later, it was suspended as the president sent mixed signals and Republicans either opposed it or failed to endorse it. The agreement was created due to a sense of urgency to recover after key payments to insurance companies were withdrawn. As President Trump was…

Read More

Trump ends health care subsidies and places Congress under high pressure

Donald Trump health care subsidies - signing executive order

The President’s decision to cut off payments vital to making insurance plans affordable is creating turmoil. Before the start of the weekend, President Trump decided to singlehandedly eliminate the health care subsidies central to the Affordable Care Act. The move takes away money critical to making sure lower income Americans can afford the coverage they need. Trump’s decision was made to try to put pressure on Congress to repeal the ACA, despite many prior failures. The health care subsidies were added to President Obama’s reforms to protect consumers against the…

Read More

More grad students could lose their health insurance coverage

Georgia Health Insurance exchange

Grad students from University of Georgia may lose insurance subsidies Grad students at the University of Georgia are expressing concern that they may be losing their access to health insurance subsidies provided by the federal government. Per federal law, all U.S. citizens, including grad students, must have health insurance coverage. For many students, however, the only way to afford coverage is to take advantage of subsidies created through the Affordable Care Act. Grad students from other universities have already lost their subsidies, which has put others on edge when it…

Read More

Grad students in Missouri are losing their health insurance subsidies

health Insurance IRS

Grad students are suffering under some provisions of the Affordable Care Act Grad students from the University of Missouri have lost the health insurance subsidies that they received through the Affordable Care Act. According to the university, grad students are considered by the Internal Revenue Service, which manages federal subsidies for insurance coverage, to be “employees.” As such, many of them are not eligible to receive subsidies from the government. Grad students that have lost access to subsidies may not be able to afford the insurance coverage that they currently…

Read More

Health insurance subsidies upheld by Supreme Court

U.S. Health Insurance

Supreme Court rules in favor of insurance subsidies through all exchanges The U.S. Supreme Court has issued a ruling on the King v. Burwell case. The case involved certain aspects of the Affordable Care Act that provided subsidies for health insurance exchanges throughout the country. In these exchanges, consumers can find various types of coverage at different price ranges, but most people receive subsidies that offset the cost of this coverage. The case involved whether or not the federal government can provide subsidies in states where in manages an exchange,…

Read More

Millions of Americans will keep their health plans subsidies

Obama between two ferns health insurance

A new court ruling has meant that consumers across the United States will keep affordable insurance coverage. Consumers across the U.S. who had been struggling to be able to afford their health plans will now be able to sigh a breath of relief as a court has ruled that the federal subsidies will be maintained in the states that do not have their own insurance exchanges. Many were watching the ruling of the U.S. Supreme Court with regards to the health care reform subsidies. The decision made by the top…

Read More

States to play larger role in health insurance exchanges

uninsured health insurance exchange

Pennsylvania, Delaware, and Arkansas will have more control over their exchanges Three states have been granted conditional approval from the federal government to play a larger role in the health insurance exchanges that they established through the Affordable Care Act. Arkansas, Delaware, and Pennsylvania will expand their role in their insurance exchanges beginning in 2016. Currently, the federal government operates the exchanges in these states. Some of the exchange’s functions are managed by the states themselves, but the majority of operations are handled by the federal government through HealthCare.gov and…

Read More

Health insurance exchanges may be at risk in some states

Michigan Health Insurance - State Plan

Supreme Court ruling could have a major impact on health insurance coverage Lawmakers in several states are working on ways to ensure that people will keep their health insurance pending a ruling from the U.S. Supreme Court. The court is expected to deliver a ruling on whether or not the federal government can provide subsidies for coverage offered through federal insurance exchanges. The ruling is likely to be delivered in the summer, and it could have a major impact on the availability of insurance coverage for millions of people. Michigan…

Read More

Health insurance subsidies are at risk in the US

cash money subsidy health insurance deductibles

Supreme Court is set to rule on a legal challenge to the Affordable Care Act The U.S. Supreme Court is set to rule on a legal challenge that has been made against one of the Affordable Care Act’s provisions. The provision in question is one meant to provide subsidies for those seeking coverage through health insurance exchanges. These subsidies are meant to reduce the cost of insurance coverage for many people, making it possible for more people to obtain coverage. Subsidies offered for coverage found through federal exchanges may vanish…

Read More