Washington state health insurance exchange receives additional funding

Washington has recently received a federal grant worth $23 million that will help establish a health insurance exchange program in the state. According to the Affordable Care Act, each state must have a fully operational exchange set up by 2014. The government is providing a significant amount of money to help in this effort. Washington is among the few states that have made sufficient progress toward an exchange to warrant additional federal funding. Despite the controversy surrounding healthcare reform, many support the concept of health insurance exchanges. State health officials…

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Why are Washington homeowner’s paying higher premiums every year?

The Insurance Research Council has released a new study today, whose findings show that the cost of homeowners insurance in Washington has raised. The IRC study investigated the influence the Insurance Fair Conduct Act had on the market. The study compares the frequency of claims and trends in losses for Washington and four other states that have similar laws. Given the information, the study finds that the cost of insurance has gone up over two years, reaching the $190 million mark. “The facts are in and the bottom line is…

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