A recent study showed that children across the country have inconsistent medical coverage. Kids with public health insurance in the United States are experiencing greater rates of inconsistent coverage, though lower rates of underinsurance when compared to those covered on the private market, said a recent study published in the JAMA Health Forum. The results of the study were based on an analysis of data from 203,691 children in the US. The health insurance research was conducted by a team from Columbia University Mailman School of Public Health under Jamie…
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Number of Pennsylvania kids without health insurance rose by 19,000 last year
From 2021 to 2022, the uninsured rate among children in the state saw a sharp spike. Pennsylvania is among only three states in the country in which the percentage of children without health insurance rose from 2021 to 2022. The data was released by the Pennsylvania Partnerships for Children in a report on the subject. The data doesn’t appear all that worrying at first glance. The increase in kids without health insurance rose by 4.4 percent in 2021 and by 5.2 percent in 2022. That said, that small shift in…
Read More4.9 percent workers’ compensation rate hike coming to Washington
The Washington State Department of Labor & Industries announced the increase for 2024. Next year, the average workers compensation premium in Washington will be 4.9 percent higher, according to a recent announcement from the state’s Department of Labor & Industries. The rate increase will become effective on January 1, 2024, and will be paid jointly by workers and employers. The workers compensation rate increase will mean that every full-time employee’s premium will be rising by an average of $65 per year. That cost will be split between workers and employees.…
Read MoreUS Senate Budget Committee is taking a closer look at Florida Citizens Insurance
The Senate Panel is seeking to answer big questions about the insurer’s exposure if a storm hits. The US Senate Budget Committee has requested a slew of documents and information from Florida’s Citizens Insurance, the home insurer of last resort in the state. The investigation has raised questions regarding climate risk and whether a major hurricane would cause the insurer to have to obtain help from the federal government. The committee is aiming to learn more about the insurer’s ability to pay claims in worst case situations. Governor Ron DeSantis…
Read More2024 ACA health insurance premiums in Alaska to rise by 16 percent average
Consumers are reminded that most people will receive subsidies to cover most of that increase. Alaskan residents using the federal Affordable Care Act (ACA) health insurance marketplace will be experiencing an average increase in premiums of 16 percent for their coverage next year. This increase is lower than what Alaskans experienced for this year’s increase, which was 18 percent. There are several reasons that have combined to cause health insurance companies to raise the rates they charge for coverage next year. Though higher overall costs of care and a rise…
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