A recent survey has shown that as a result of the Obama healthcare law that allows young adults to maintain coverage through their parents’ health insurance plans, the number of uninsured people in that age group has fallen dramatically. The survey was performed by Gallup, and indicated that there are now approximately 1 million more young adults who are covered by health insurance. At a time that the economy continues to struggle and the future is uncertain, it has been challenging for young adults to take those first steps into…
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New website allows Nevada consumers to review and respond to health insurance rate increases
The Division of Insurance in Nevada has announced the launch of the new Nevada Health Rate Review website that is available to consumers and small businesses in the state, to allow them to review health insurance rate hikes, as well as leave their own comments. The website was created in order to comply with a part of the Affordable Care Act (ACA) which began September 1, 2011. This federal law demands that the state offer a way for small businesses and consumers to leave their comments regarding rate hikes that…
Read MoreThe cost of health insurance for low income families
Although the Affordable Healthcare for America Act by the Obama administration was created in order to make certain that a larger number of Americans will have access to health insurance, many are finding that the premiums are still too costly to be able to afford them. The Act has already gone through some significant improvements since its first creation, especially in terms of Medicare, as it has assisted in lowering those costs. That said, many Americans are still struggling to afford their current health insurance rates or remain without any…
Read MorePerry may repeal healthcare reforms without alternative in state with highest rate of uninsured
Texas has been named the state with the largest number of residents who do not have health insurance, so they should also be one of the states that could receive the most benefit from the health care reforms made by the Obama administration. However, Governor Rick Perry has halted attempts to lay the foundation for the coverage expansion. That said, one of the solutions that Perry is supporting as an alternative to the overhaul is an untested regional effort that may make individual states responsible for Medicare; a method that…
Read MoreThe criteria that states must meet for health insurance exchange marketplace
The Department of Health and Human Services (HHS) is awarding 13 states as well as Washington D.C. a total of $185 million to help to fund the planning and creation of the state-based insurance exchanges that are required by the federal healthcare overhaul. Each will receive a different amount as their portion of the total. For example, California will receive $38 million in order to create its exchange. The governors of the recipient states received a letter from secretary Kathleen Sebelius of HHS, which described the various options and resources…
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