Insurance news made when a settlement was paid entirely in quarters

Insurance News payment in quarters

A prominent businessman in Illinois disagreed with the payout from his son’s auto policy and retaliated in a unique way. In retaliation for what an Illinois businessman felt was not a fair outcome in an auto payout following the death of his son, he is making insurance news by paying a portion of the final settlement using thousands upon thousands of pounds of quarters. This, according to one of the attorneys who was involved in the auto payout case. The attorney, Douglas Dorris, provided confirmation that when Roger Herrin came…

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Illinois looks to raise awareness of health insurance exchange

Health Insurance Illinois

Federal grant to help popularize state health insurance exchange Last week, Illinois received a $115 million federal grant designed to help the state build and promote a functioning health insurance exchange for residents. The exchange is a mandatory part of the Affordable Care Act, which rules that all states must have a working exchange in place by 2014. Several states have opted to oppose this provision of the controversial health care law, in which case the federal government has taken the responsibility of establishing an exchange program in these states.…

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Healthcare reforms in Illinois approved

Health care Reform Update

Federal officials have given their conditional approval to the health insurance exchange in the state. Illinois has just received the conditional approval from the federal government for the healthcare reforms that it is making in terms of establishing a health insurance marketplace that will open for thousands of residents of the state starting on October 1 in order to allow for the purchase of coverage that will begin on January 1, 2014. This is a major step in the state for its ability to carry out the Affordable Care Act…

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Health insurance exchange receives a boost in Chicago from Sebelius visit

Health Insurance exchange marketplaces

The appearance on Wednesday was specifically designed to give the marketplace positive push. Kathleen Sebelius, the U.S. Health and Human Services secretary, made an appearance in Chicago, yesterday, in order to launch the rebranded health insurance exchanges as coverage “marketplaces”. Under this new term, the state level online resources will still be providing the same services. A central element of the healthcare reform law that was first implemented in 2010, these health insurance exchanges are meant to provide individuals and small businesses with an online location where they can compare…

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Illinois health insurance exchange still uncertain

Illinois Health Insurance Exchanges

Illinois health insurance exchange is the basis for new political turmoil in its home state The Affordable Care Act is here to stay in the U.S., secured by a second term victory from President Obama and upheld by the Supreme Court. Because the future of the health care reform law is not longer in question, states are beginning to take aggressive steps to ensure they comply with the federal law. Some of the provisions of the Affordable Care Act are more easily accomplished than others, however, and some states are…

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