US health insurance co-ops are struggling

health insurance exchange

HHS audit finds that insurance co-ops are failing to generate profit The Department of Health and Human Services (HHS) recently conducted an audit of 23 health insurance co-ops in the United States and found that the majority are struggling financially. These insurance co-ops were established by the Affordable Care Act to serve as non-profit alternatives to exchanges. The co-ops are operated by the federal government and provide consumers with a way to find relatively inexpensive insurance policies that may not be available through other markets. All but one co-op has…

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11.4 million people sign up for health insurance coverage in the US

health insurance exchange

More than 11 million people have used insurance exchanges to find the coverage that they need The open enrollment period for health insurance exchanges in the United States has come to an end and the White House has announced that 11.4 million people signed up for coverage through these exchanges. Many people opted to seek out insurance coverage through these exchanges because of the availability of subsidies from the federal government. These subsidies are offered through the Affordable Care Act and have helped offset the cost of insurance policies for…

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Health insurance rates may be going down in Florida

Florida health insurance

Premiums could be lower than expected for some consumers beginning in 2015 Florida residents that purchase health insurance policies through the state’s exchange next year are likely to spend less in monthly premiums, according to an analysis from the White House. State officials had been warning that those purchasing individual coverage would be paying more for their policies in 2015, but this may not be the case for many of the state’s residents. While some may see higher rates due to purchasing better coverage or having to deal with the…

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