State insurance regulators start approving rate hikes to cover Trump’s slashed subsidies

trump health insurance regulators premiums rates

Officials in Maryland have already given their approval to the last minute increases, but others are following. Insurance regulators in many states are starting to look into last minute health plan rate increases to compensate for the elimination of Affordable Care Act subsidies. Michigan officials have warned that they are already looking into the increases that they are likely to approve. At the same time, Maryland insurance regulators have already given their approval to the rate hikes. These increases are a direct response to President Trump’s executive order that eliminated…

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Michigan health insurance premiums are getting cheaper

michigan health insurance

While rates have been on the rise across the country, residents of this state are staying affordable. According to the results of a recent study, Michigan health insurance rates are actually going to experience a small decrease in 2017, despite the fact that many other states across the country are watching their premiums grow increasingly expensive. This year has been relatively volatile in the ACA’s insurance exchanges, but that is not the case in Michigan. The Michigan health insurance premiums are not only remaining below the national average, but they…

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Health insurance premiums are on the rise in Michigan

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Michigan insurers are raising rates on coverage, but by a modest degree Insurance premiums in Michigan are set to rise next year. The Michigan Department of Insurance and Financial Services has approved rate increase proposals that will affect small businesses and individuals in 2016. For small group health insurance coverage, rates will rise by a very modest degree, while those with individual coverage will see a greater increase in their premiums beginning next year. Rate proposals were approved in order to allow insurers to recover from losses they had experienced…

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Study shows competition is not leading to lower health insurance premiums

Michigan health insurance

New study suggests that competition is not having a beneficial impact on insurance rates The Economic Alliance for Michigan has released a new study concerning the size of the health insurance market and the effect that competition has had on insurance premiums. Typically, more competition in the health insurance markets leads to lower premiums, as insurers fight with one another for the support of consumers. The study, however, suggests that high competition between insurers does not always lead to lower premiums for individuals and businesses. Prominent insurers are not able…

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Health insurance exchanges may be at risk in some states

Michigan Health Insurance - State Plan

Supreme Court ruling could have a major impact on health insurance coverage Lawmakers in several states are working on ways to ensure that people will keep their health insurance pending a ruling from the U.S. Supreme Court. The court is expected to deliver a ruling on whether or not the federal government can provide subsidies for coverage offered through federal insurance exchanges. The ruling is likely to be delivered in the summer, and it could have a major impact on the availability of insurance coverage for millions of people. Michigan…

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Michigan health insurance exchange and Medicaid program find success

Michigan Health Insurance - State Plan

Open enrollment period proves successful for the state’s insurance exchange Michigan’s health insurance exchange has managed to enroll a significant number of people during the latest open enrollment period. According to Get Covered America, some 340,905 people enrolled in the state’s exchange from November 15 last year to February 15 2015. The open enrollment period allowed those without health insurance to find the coverage that they needed. The state’s Medicaid program also experienced a period of growth, as people flocked to find coverage from the program. More than 546,000 people…

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Nearly 300,000 people in Michigan enroll for health insurance coverage through state’s exchange

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Open enrollment period for state exchanges is coming to a close next month There are only three weeks left in the current open enrollment period for health insurance exchanges in the United States. The open enrollment period exists as a time when consumers can acquire coverage through insurance exchanges that exist in their states. Some of these exchanges are operated by the states themselves, while others are controlled by the federal government. Once the open enrollment period ends, consumers will no longer be able to acquire health insurance coverage through…

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