Tag: us health insurance market

Health insurance exchange may bring competition to North Dakota

S.Vagus
North Dakota Health Insurance

North Dakota may see more competition in market due to health insurance exchange Many states throughout the U.S. are still struggling over the concept of health insurance exchanges. The exchanges are part of the Affordable Care Act, which many states oppose on general principle. As it becomes less likely that states will be able to avoid the federal health care law, however, some are beginning to highlight the potential benefits that could be had through hosting a health insurance exchange. In North Dakota, lawmakers expect that a comprehensive exchange program…

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Health insurers eye climate change as a major concern for the future

Climate change is often a controversial issue, especially when the federal government is concerned. The insurance industry, however, is beginning to take the matter more seriously, as a new report shows that purely environmental factors may be causing the high costs seen in the health care system. The report comes from the Natural Resources Defense Council, an international environmental advocacy group based in New York. The report suggests that natural disasters that have struck the U.S. in the past decade may be having a significant impact on the health of…

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Market stability placates insurance rates, protects from wild increases, say analysts

Marc

As insurers begin to feel the weight of the Affordable Care Act, speculation abounds that suggests insurance companies may be raising their rates to offset the effects of the law. Indeed, health insurers throughout the nation have been raising rates, but most claim that higher premiums are being spurred by soaring medical costs and nothing more. Analysts from research firm Avalere Health say that rates should be rising much faster than they are now, yet the insurance industry confounds this estimation. The reason insurance rates are not soaring out of…

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Federal officials ready to debate health insurance rate increase of 10% or more

U.S. officials are getting ready to debate whether or not increases in the rates for health insurance of 10 percent or more were excessive within seven states which have rate review processes that have been labeled ineffective.  The rate review systems for Louisiana, Alabama, Montana, Arizona, Wyoming, Idaho, Missouri, as well as four territories have been deemed to be insufficient by the Center for Consumer Information and Insurance Oversight (CCIIO). The CCIIO is a branch of the Centers for Medicare and Medicaid Services.   According to the CCIIO, federal officials, under…

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