Tag: Michigan health insurance

Affordable Care Act continues to cause controversy

Marc
homeowners insurance policy multiple claims

Potential problems begin to emerge for the Affordable Care Act There is no shortage of controversy when it comes to the Affordable Care Act in the U.S. The federal law was passed in 2010 and has been the crux of political conflict ever since then, with many politicians claiming that it oversteps the federal government’s boundaries in terms of authority. Earlier this year, the law made its way to the Supreme Court, where Justices debated the constitutionality of the Affordable Care Act and its various provisions. Though the Justices showed…

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Study shows health insurance rates are rising at slow pace

S.Vagus
Health Insurance rate increases

Blue Cross Blue Shield report highlights state of health insurance rates in Michigan Michigan’s Blue Cross Blue Shield has released a new study concerning the pace at which health insurance rates are rising in the state. In Michigan, and many other states in the U.S., health insurance rates are on the rise. Some claim that this is due to the federal health care law that has caused a somewhat dramatic shift in regulations. Many insurers claim that rates are only rising to account for the cost of medical care. Whatever…

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Michigan health insurance exchange may be passed to federal government

Health insurance deadline

Michigan struggles with building an exchange program Michigan has been grappling with setting up its own health insurance exchange. The state is required to build an exchange by federal law. The Michigan health insurance exchange would provide residents with access to affordable insurance coverage and would likely create more competition in the state’s insurance industry. Governor Rick Snyder has announced that the state may petition the federal government to take over the effort and run the exchange itself. This would mean that the Michigan health insurance exchange would not actually…

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Michigan may team with federal government for a health insurance exchange

S.Vagus
Health Insurance Refund

State may not be able to meet the standards imposed by health care law Michigan may team with the federal government to build a health insurance exchange. Governor Rick Snyder, along with state legislators, has proposed the idea, noting that it may be the only way for an insurance exchange to take root in the state. Earlier this year, the state received $9.8 million from the Department of Health and Human Services in order to build an exchange program. The money has since been tied up in political battles between…

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Michigan health insurance co-op awarded with funds to prepare it for new customers

S.Vagus
Health insurance plan

Co-op received funds from Centers for Medicare and Medicaid Services The Centers for Medicare and Medicaid Services announced this week that Michigan’s Consumers Healthcare CO-OP (MCHCO) has been awarded with $72 million in funding. The money is meant to be used by the non-profit health insurance company to assist in controlling costs and making providing affordable health insurance coverage more viable. Though the Affordable Care Act may be in a state of limbo currently, the changes it has made to the health insurance industry have been profound. Many companies have…

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