There are already 600,000 people who have signed up for their plans through the official marketplaces. According to a recent reports on the latest ACA health insurance enrollments, registrations are up and look very promising. In fact, more than half a million people have already enrolled, 23 percent of whom are new to the insurance exchanges. Despite President Trump’s claims that the Affordable Care Act marketplace was collapsing, it’s growing. “More than 600,000 people signed up last week for health insurance under the Affordable Care Act, significantly beating the pace…Read More
Tag: insurance exchanges
Will the Trump health care strategy terminate Obamacare?
The president-elect has repeatedly said the repeal of the Affordable Care Act would be among his first acts. If the campaign promises are to be believed, the Trump health care strategy’s implementation will be one of the first steps taken once the president-elect is sworn in. Over the last few months, Donald Trump has stated that he would repeal and replace the Affordable Care Act. As Americans shop for coverage on the 2017 insurance exchanges, many wonder what will happen next. During a debate in October, Trump said “Obamacare is…Read More
Will higher health insurance rates keep insurers in the exchanges?
Regulators across the country are allowing insurance companies to make health plans more expensive. State regulators across the nation have been steadily giving the nod to increased health insurance rates. In fact, many have made it possible for those insurers to raise premiums more than the companies had requested. This may appear to be in opposition to the goal of keeping rates as low as possible for consumers. However, a data analysis conducted by USA TODAY suggested a different purpose for these decisions. The national newspaper indicated that the regulators…Read More
State-run health insurance exchanges have crippling financial problems
States running their own exchanges are having trouble funding themselves State-run health insurance exchanges are having difficulty managing high costs and low enrollment numbers. If such challenges persist, some states may decide to relinquish control of their exchanges to the federal government. Hawaii is one of the states that may soon cede control of its exchange. The state launched its own exchange with the aid of $205 million in federal grants, but it has failed to achieve its enrollment goals. Hawaii’s insurance exchange will rely on HealthCare.gov next year Hawaii’s…Read More
State run insurance exchanges face current and future financial struggle
Lower enrollment and higher costs are causing disappointment for some of the marketplaces. Many of the state run insurance exchanges are facing some disappointing results after their first year and a half in fully operational existence, after lower than expected enrollment and high costs have led them to face a number of challenges. The issues being faced could lead these insurance marketplaces to make considerable changes. Among those changes may be that they will hand the control over the insurance exchanges to the federal government. It has also been suggested…Read More
State-run health insurance exchanges struggle to find enrollees
Enrollment in state-run exchange is going down, study shows A new study from Avalere Health and the Kaiser Family Foundation shows that enrollment in state-run health insurance exchanges is lackluster. Several states opted to operate their own health insurance exchanges, which gave them more control over their respective insurance markets, but others decided to allow the federal government to build and manage these exchanges. The study shows that enrollment in state-run exchanges has been falling, while enrollment in federal exchanges has managed to increase. Study highlights a 12% decrease in…Read More
Thousands could lose their health insurance due to website glitches
Many people are in danger of losing their insurance coverage because of information discrepancies Thousands of consumers throughout the U.S. are at risk of losing their health insurance coverage due to discrepancies with the information they provided to insurance exchanges. The federal Department of Health and Human Services has been working with many people to ensure that this does not happen, but ongoing problems with state-based exchanges may be making the issue more problematic than it already is. HealthCare.gov is unable to handle consumer information Many of those that have…Read More