Tag: President Obama

Unemployment insurance extension sought by Obama from Congress

Julie Campbell
Unemployment Insurance extension

The president also said that he likes the deal in the proposed congressional budget. United States President Barack Obama has said that while he does like the congressional budget deal that has been proposed, he is also hoping that Congress will allow an extension to unemployment insurance, which is rapidly closing in on its expiry date. The president made a number of statements of this sort when he met with a group of newly elected mayors. He spoke with the mayors from cities across the country on the subject of…

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Health insurance cancellations in the US could get worse

Note From The Editor
health insurance cancelled

Cancellations cause significant frustration among consumers Health insurance policies in the U.S. are being subject to cancellations as insurance companies are being forced to execute substandard policies. These policies do not meet the standards established by the federal Affordable Care Act and, as such, do not offer consumers the quality of benefits that the law is meant to ensure. Some 4 million people throughout the U.S. are expected to lose their coverage as a result of insurance cancellations and this issue has become quite controversial. Some lawmakers believe that recent…

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Health insurance issues place regulators in a difficult position

Logan B.
health insurance exchange problems

Health insurance regulations continue to cause problems Insurance Commissioners throughout the U.S. have been placed in a difficult situation. Earlier this month, President Obama announced that insurance companies could continue to honor substandard health insurance policies rather than cancelling these policies because they do not comply with the standards of the Affordable Care Act. This is meant to create a transition period wherein consumers can have a reprieve from cancellations and insurers can better prepare to comply with federal law. The problem, however, is that many Insurance Commissioners have been…

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Nevadans caught in health insurance limbo

S.Vagus
Nevada health insurance commissioner State Legislature Building

Some 25,000 in Nevada receive health insurance cancellation notices Many consumers in Nevada are currently in a state of limbo concerning their health insurance coverage. Approximately 25,000 people throughout the state have received cancellation notices from their insurance providers, but whether or not these cancellations will actually occur is still up for debate. Policyholders are currently waiting on state officials to determine if these cancellations will bear any weight and whether health insurance plans that do not comply with federal standards should be allowed to remain active. Regulatory shift could…

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Obama announces policy rollback concerning health insurance plans

Marc
Obama Health Insurance

Federal health insurance policy shifts Many health insurance plans in the U.S. are set to be canceled by January of 2014. These policies do not comply with the standards established by the Affordable Care Act and, as such, cannot remain active. Unfortunately, this means that those who have had their policies cancelled must purchase new policies in order to comply with federally mandated insurance coverage. This has caused significant controversy and has placed a great deal of pressure on President Barack Obama, who may have a plan to resolve the…

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