Live Insurance News

New health insurance regulations introduce changes to Affordable Care Act

July 11, 2013July 8, 2013 Nordstrom

Obama administration introduces more health insurance revisions As the Affordable Care Act inches closer to becoming fully enacted in the U.S., the Obama administration is making somewhat unexpected moves on the health care law and its provisions concerning health insurance. The federal law is set to go active in its entirety on January 1, 2014. Once the law has been fully enacted, it will be too late for states throughout the country to comply with its provisions, which is somewhat problematic due to the fact that most states have yet…

Health insurance rates to rise in Rhode Island

July 10, 2013July 8, 2013 Logan B.

Rhode Island Insurance Commissioner approves higher health insurance rates The cost of health insurance is set to grow in Rhode Island. Insurance Commissioner Christopher Koller recently approved rate increase proposals that will affect more than 200 plans throughout the state. Higher rates will take effect in 2014 and approval was granted to proposals coming from UnitedHealth of New England and Tufts Health Plan, as well as others operating in the state. On average, rates are to increase by 10% for a variety of plans. Rates for individual market to rise…

Obama administration announces delay to health insurance provision

July 9, 2013July 6, 2013 S.Vagus

Health insurance provision for large businesses delayed A major development has emerged in the U.S. concerning the Affordable Care Act. The federal law has been a major source of controversy since its passage in 2010, but the law’s various provisions have yet to be dismantled by any challenger. Thus far, the Obama administration has been the only party capable of introducing any significant changes to the federal law, many of which have been funneled through the Department of Health and Human Services. This week, however, the Obama administration announced a…

Health insurance landscape shifts in Montana

July 5, 2013July 3, 2013 Marc

Montana sees major transition in health insurance sector Montana has taken a major step in the field of health insurance. The state’s Insurance Commissioner, Monica Lindeen, has granted her approval for the sale of Blue Cross of Montana, the state’s largest private health insurance provider. Blue Cross of Montana is being sold to the Health Care Service Corp., which is based in Chicago, Illinois. The sale comes with numerous conditions, however, which are meant to benefit state residents to some degree. Sale of Blue Cross of Montana has been approved…

Libraries to promote health insurance awareness in the US

July 5, 2013July 2, 2013 Logan B.

Government taps libraries to promote health insurance awareness The U.S. federal government is currently involved in an ambitious campaign to promote the Affordable Care Act. Though the federal law has been upheld by the Supreme Court and faces relatively few legislative hurdles, it must still win over a population that either has a poor view of health care reform or does not know anything about the law. In order to see this campaign reach as many people as possible, the federal government has enlisted a promising ally with strong connections…