After experiencing claims that have now totaled twice the average for the country, the struggling high-risk health insurance pool in Colorado has now asked the federal government for additional funding of almost $15 million more than originally anticipated. Colorado has already received $90 from a total pool of $5 billion in federal money for assistance in carrying out an element of the country’s healthcare reform which involved insuring high-risk uninsurable individuals. The funds were meant to hold out until the insurance regulations are fully in place in 2014, at which…
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Direct Travel opens new online medical screening facility for improved quotes and policy purchases
Direct Travel Insurance has started an online medical screening facility in order to be able to improve its site’s ability to provide accurate quote and increase the convenience for consumers to purchase policies. This new function gives customers with pre-existing medical conditions the ability to make their online travel insurance purchase where they had not previously been able to do so. Now they have the opportunity to purchase policies online that will cover those medical conditions, subject to underwriting acceptance criteria. Before this tool became available, customers at Direct Travel…
Read MoreMissouri residents in the highest risk group will have lower health insurance rates
Missouri officials have announced that they will be decreasing the rates for the high risk healthcare pool by 23 percent for both current and new participants in the program. In 2010, Missouri created a new health insurance pool for the highest risk group, but though it was anticipated that there would be about 3,000 people who joined the program, less than 600 have done so, as many claim that the premiums are simply too expensive. The reduction in the rates are being made possible by both federal funds and policyholder…
Read MoreAnalysts: Enrollment in states’ pre-existing conditions insurance plans incredibly low
The health care reform law of 2010 is well known for a number of provisions that have succumb to a seemingly endless tide of controversy. These provisions generally garner the majority of public attention, but it is one provision that has been in effect for over a year now that may point to some fundamental flaws in the federal law. The provision in question is one that originally drew in public acclaim, but has since faded into obscurity. According to the law, each state must have a Pre-Existing Condition Insurance…
Read MoreNew report shows that more than half of America is sick
A study released by the Department of Health and Human Services, released today, declares that some 129 million Americans under the age of 65 suffer from preexisting medical conditions that could hinder their ability to obtain coverage or send their premiums skyrocketing. The study comes as the House of Representatives begins hearing a proposed bill to repeal the health-care overhaul of 2010. According to the old rules, insurers could deny applicants based on whether they had a preexisting condition, whether that is a birth defect or cancer, and if not…
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