Live Insurance News

Health insurance: A lack of knowledge may be the plight of young people

May 10, 2014May 9, 2014 Note From The Editor

Young people are almost entirely unaware of insurance issues There is a significant gap in the awareness that younger people have concerning health insurance than that which exists with their older counterparts. Insurance is often considered a boring subject among young people. Many of these people do not have to worry about insurance issues in any way, which means that they perceive little purpose in understanding insurance in general. This lack of interest may actually prove problematic in the future as the insurance landscape in the U.S. continues to change…

Insurance CEOs are getting paid more in wake of health care reform

May 9, 2014May 6, 2014 Marc

Insurance executives may be the ones benefiting most from the Affordable Care Act Chief executive officers from some of the largest health insurance companies in the U.S. have seen their pay skyrocket recently. The steep increase in pay CEOs have been seeing is, somewhat ironically, due to the Affordable Care Act. This is ironic because the insurance companies benefiting from this trend have actually been quite outspoken with their opposition of the federal health care reform law. This issue may go a long way in highlighting just how important political…

Massachusetts health insurance exchange may be too broken to fix

May 8, 2014May 6, 2014 Nordstrom

State insurance exchange may need to be rebuilt entirely Some health insurance exchanges in the U.S. may be too broken to fix. This is the case in Massachusetts, where state officials are suggesting that the exchange needs to be dismantled and rebuilt from the ground up. The state’s insurance exchange began serving residents in October 2013, but severe technical difficulties have prevented many people from using the exchange in any way. Now, the state is under pressure to fix the exchange, or cede control of it to the federal government.…

Health care reform subsidy sizes vary from state to state

May 7, 2014May 5, 2014 H. Cutner

Depending on where people live, they may be receiving greater assistance for purchasing health insurance. Among the main elements of the health care reform is the subsidizing of the purchase of private insurance coverage for many Americans, in order to help to make sure that the coverage remains affordable for these individuals and families. However, all subsidies are not created equal, and people in some states are receiving more of them than others. Approximately 85 percent of the people who used the health care reform exchange websites in order to…

Insurance technology cripples Maryland insurance exchange

May 7, 2014May 5, 2014 S.Vagus

State works to build a new, more effective exchange for its residents Maryland is taking steps to rebuild its flawed health insurance exchange, but the state is on a strict timeline, which leaves little to no room for any errors in the endeavor. The state has been tasked to reform its exchange after it failed to achieve its enrollment goals and was plagued by severe difficulties with the technology it used. Currently, the effort is not being endorsed by the federal government, which would rather take over the exchange itself,…