Live Insurance News

Health insurance premiums set to rise in South Carolina

December 14, 2015December 12, 2015 S.Vagus

Thousands of consumers will be affected by higher health insurance premiums Several thousand consumers in South Carolina are likely to see their health insurance premium increase in 2016. The majority of rate increases are expected to be seen by those enrolling in the state’s insurance exchange, where insurers are looking to recover from financial losses by raising premiums. In some cases, consumers may be paying hundreds of dollars more for their health insurance policies. This may place many people under a great deal of financial pressure, which may drive some…

Health insurance companies seek approval for merger in Florida

December 11, 2015December 10, 2015 S.Vagus

Large insurers intend to merge, but seek approval from Florida regulators Two of the largest health insurance companies in Florida are petitioning lawmakers to approve their merger. Aetna and Humana intend to join together, creating a larger insurance organization. The merger has generate some controversy, with consumer advocacy groups suggesting that the merger would lead to higher health insurance rates and fewer options for those that need coverage. These concerns have been shared by some lawmakers, who are convinced that the merger would be in the best interests of the…

Aetna and Anthem show faith in health insurance exchanges

November 27, 2015November 25, 2015 Nordstrom

Insurers see promise in exchange marketplaces throughout the United States Amidst concerns that health insurance exchanges in the United States may be bad marketplaces for insurers, Aetna and Anthem have begun working to reassure investors that this is not the case. Recently, many insurers have been reporting losses due to their participation in insurance exchanges. These losses have lead UnitedHealth, the country’s largest health insurance provider, to exit from all exchanges throughout the country. This has caused a great deal of worry for those receiving coverage through exchanges as well…

New coalition takes aims at health insurance mergers in the US

November 18, 2015November 17, 2015 S.Vagus

Consumer groups form coalition to target mergers of health insurance providers Two consumer advocacy groups in the United States have formed a new coalition in order to create pressure of antitrust regulators concerning the merger of large insurance providers. These mergers would cut the number of for-profit health insurance companies from five to three, which may have a dramatic impact on consumers in terms of insurance options and costs. The coalition may be able to shed more light on the potential impact that mergers will have, encouraging state regulators to…

Bernard College reports major increases in the cost of its health insurance plan

September 29, 2015September 27, 2015 Marc

School has seen significant increases in the annual costs of its health insurance plan for students New York’s Bernard College has seen the annual cost of its health insurance plan for students skyrocket over the past few years. Students typically use the school’s Aetna Student Plan to receive the coverage that they need, which helps them cover the cost of medical care and medication. Fewer students are beginning to use the plan due to its high cost. During the school’s most recent semester, enrollment in the Aetna Student Plan dropped…