Live Insurance News

CDC report highlights the expansion of health insurance coverage

August 14, 2015August 13, 2015 Nordstrom

Report shows that the uninsured rate throughout the US has fallen since the Affordable Care Act The Centers for Disease Control and Prevention (CDC) has released a new report that shows that the number of people without health insurance in the United States has declined significantly since the Affordable Care Act took effect. The federal law has expanded access to insurance coverage to millions of people, either through increased insurance programs such as Medicare, or through the introduction of insurance exchanges. The law may continue to reduce the number of…

Program to protect health insurance companies to be expanded

June 19, 2015June 19, 2015 Logan B.

Government plans to expand reinsurance program to protect insurers The Obama Administration has announced that it will be expanding a program that is designed to protect health insurance companies from high claims. The system serve as a reinsurance program, which provides insurers with the protection they need from the risks that they face. Insurers throughout the country will have the chance to pay into the program, which will partially reimburse them for insurance claims that go beyond a certain level. HHS will have the program cover the cost of claims…

Health insurance premiums continue to climb in the US

June 12, 2015June 11, 2015 S.Vagus

Insurance premiums are growing as medical care becomes more expensive Health insurance costs continue to grow throughout the United States and this is having an impact on premiums for many consumers that have purchased coverage through insurance exchanges. These exchanges were established through the Affordable Care Act and serve as a way for people to find less expensive policies than can be found through the private market. While this was initially true for many, the policies provided through exchanges are becoming more expensive with each passing year. Data suggests that…

Health insurance costs could spike in the US

March 4, 2015March 3, 2015 S.Vagus

Analysis predicts that health insurance rates will grow by an average of 255% Those receiving federal aid for their health insurance coverage in the U.S. could see their insurance premiums rise by a significant margin, pending the results of a Supreme Court case. According to analysis from Avalere Health, an advisory group, premiums for those with subsidized coverage could spike by an average of 255%. Information from the Department of Health and Human Services shows that the vast majority of those receiving health insurance coverage through an exchange currently receive…

Thousands could lose their health insurance coverage in the US

September 18, 2014September 17, 2014 Marc

By the end of September, 115,000 people could lose their insurance coverage The Obama Administration has warned that as many as 115,000 people in 36 states could lose their health insurance coverage by September 30. This is due to unresolved data problems involving citizenship and immigration status. When insurance exchanges began their open enrollment period last year, millions of people applied for insurance coverage. The government suggests that a portion of these enrollees supplied false or incomplete information when using an exchange. The Department of Health and Human Services has…