Live Insurance News

Thousands may lose their health insurance later this year

August 15, 2014August 13, 2014 Marc

Inconsistent and missing information may lead to a loss of insurance coverage for thousands of people The Obama administration has announced that several thousand people could lose their health insurance coverage due to inconsistent or missing information. This effects only the policies sold through state-based insurance exchanges. These exchanges have served as a marketplace for those looking for affordable insurance coverage. While some exchanges were unable to effectively meet the needs of consumers, many others were able to provide coverage to thousands of people that had no insurance protection before.…

Insurance news made as health care reforms now include new marketplace CEO

June 24, 2014June 21, 2014 Julie Campbell

The Obama administration has now announced the creation of a new position to oversee the federal exchange. Among the latest pieces of insurance news to be released regarding the health care reform is the creation of a new chief executive position by the Obama administration which will be responsible for overseeing the federal health plan exchange where residents of 36 states purchase their coverage. This health care reform announcement was made as one of a series of management changes. The insurance news announcement was made by Sylvia Burwell, the U.S.…

US government to investigate health insurance subsidy abuse

June 18, 2014June 16, 2014 Nordstrom

Government regulators are looking to uncover potential fraud Hundreds of thousands of people throughout the U.S. are being contacted by the federal government. The government is questioning these people about their eligibility for the subsidies provided by the Affordable Care Act. According to the Obama administration, a large portion of those seeking coverage through health insurance exchanges may have provided misleading or false information concerning their incomes. This information does not match that which is stored with the Internal Revenue Service, which calls into question whether or not subsidies are…

Health insurance subsidies hit a roadblock in the US

May 21, 2014May 19, 2014 Nordstrom

Some people may be receiving more subsidies than they are due U.S. consumers may be receiving more subsidies from the federal government than they are due to receive under the Affordable Care Act. The federal law offers financial assistance to those that fall within a certain range of poverty, as defined by the government. Subsidies are meant to offset the cost of health insurance policies, making them more affordable and more widely available to consumers throughout the country. Some people may be abusing the availability of these subsidies, however. Some…

Health care reform comes under fire once again

March 21, 2014March 19, 2014 Logan B.

Obama administration proposes new rule that has sparked controversy The Obama administration has made a very controversial move that has renewed the criticism surrounding federal health care reform. Late last week, the President proposed a new rule that would increase the bailout protection that insurance companies have through health insurance exchanges. The rule is designed to provide insurers with more financial security as the country adapts to the changes that health care reform has introduced to the insurance market. Those opposing the new rule suggest that it is illegal The…