Many insured Americans rely on charity due to health insurance deductibles and copays

Health insurance deductibles - hands holding US dollars

Despite having a health plan, many people across the country can’t afford the medical care they need. Skyrocketing health insurance deductibles and copays are forcing many covered Americans to rely on charity to pay for medical care. Crowdfunding and medical charities have become the norm to fill in gaps for insured Americans. A recent LA Times report placed the spotlight on a growing trend among insured Americans. It showed that the cost associated with health insurance deductibles and copays can make medical care cost prohibitive even for Americans with medical…

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The US health care system now covers 9 out of every 10 Americans

US Health Care System

Though heavily criticized the Affordable Care Act has received, most Americans have medical coverage. The greatly criticized US health care system now covers approximately 90 percent of Americans. Still, it remains a core subject of debate among 2020 presidential candidates. Most are now attempting to present their own alternate versions of the system. In fact, many candidates are seeking to eliminate the Affordable Care Act and begin again. If we were to listen exclusively to what politicians are saying about the US health care system at the moment, it would…

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What you need to know about Berkshire insurance investing struggles

Berkshire Insurance - Analysis - Woman with glasses

Warren Buffett is known for outstanding outcomes in this industry but current figures are sour. In the investing world, Berkshire insurance decisions have often been seen as the gold standard in terms of solid and reliable choices. However, the company’s operating earnings fell in Q2 2019, shocking many investors. Insurers owned by Berkshire saw a substantial plummet in underwriting income in that quarter. Berkshire insurance underwriting income fell by almost 63 percent during the second quarter. This brought it to $353 million. The firm’s reinsurance unit also drooped to a…

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Bernie Sanders is returning donations in violation of private insurance pledge

Private insurance - Hand holding US dollars

After calling on 2020 Democratic opponents to do so, he will also return donations against his pledge. Bernie Sanders’ campaign has announced his intention to return donations violating his pledges regarding private insurance and pharma money. The move was made after Sanders called on his Democratic 2020 opponents to do the same thing. In Bernie Sanders’ pledge regarding private insurance and pharma, he called for 2020 Democratic campaigns to decline or return donations involving: “contributions over $200 from the PACs, lobbyists, or executives of health insurance or pharmaceutical companies.” He…

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Governor Polis announces massive Colorado health insurance exchange premiums drop

Colorado Health Insurance Exchange - Healthcare money

Across the state, consumers will experience an average cost reduction of 18.2 percent on plans. Governor Jared Polis recently announced a tremendous 18.2 percent average Colorado health insurance exchange premiums reduction for 2020. This will apply to state residents who purchase theirhealth plans through the Affordable Care Act marketplace. This is expected to provide over 200,000 Colorado residents with premiums relief. This premiums reduction affects only consumers who purchase their coverage through the Colorado health insurance exchange. It does not impact those who receive their coverage from the government or…

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U.S. Olympic Committee pursues reforms to pregnant athlete insurance

Pregnant athlete insurance - pregnant woman fitness

The U.S.O.C. wants to change coverage rules to stop the loss of coverage due to pregnancy. The U.S. Olympic Committee has announced that it is pursuing reforms to pregnant athlete insurance regulations. At the moment, Olympic athletes typically lose their health insurance coverage as a result of pregnancy. The U.S.O.C. is moving to change that regulation to allow athletes to keep their health insurance. Last week, three senators wrote to Sarah Hirshland, CEO of the U.S.O.C. They requested that she provide details regarding her organization’s insurance program. They also stated…

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Pennsylvania takes steps to take control over its online health insurance exchange

Health insurance exchange - Computer - heart - hand - heartbeat

The state is making moves to form its own marketplace instead of relying on the federal government. Pennsylvania is taking initial steps to take over control of its own health insurance exchange. From 2014 until now, it has been participating in the federal marketplace. Pennsylvania is hoping to reduce the cost of health insurance by launching its own ACA exchange. The goal of the move to Pennsylvania’s own health insurance exchange is to reduce the cost of coverage to consumers. The idea is to make a state-based Affordable Care Act…

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