Live Insurance News

Reports highlight eligibility problems with health insurance exchanges

July 8, 2014July 4, 2014 S.Vagus

Insurance exchanges come under fire due to eligibility concerns The U.S. Department of Health and Human Services’ Office of Inspector General has released reports concerning the health insurance coverage people have obtained through state and federal exchanges. The Affordable Care Act, which established these insurance exchanges, has come under fire recently due to concerns that people are taking advantage of federal subsidies even though they are not eligible to receive this financial support. The reports suggest that many people that have received coverage through state and federal exchanges were not…

Health insurance rates to rise in New York

July 7, 2014July 4, 2014 Logan B.

Rate filings show that insurance premiums are on the rise throughout New York New York is home to some of the highest health insurance rates in the U.S., but insurance coverage is expected to become more expensive next year. Higher rates had been expected next year, but the state’s insurers have only recently released information concerning their plans for 2015 premiums. This information has been opened to the public by the state’s insurance regulators for the sake of transparency and to help people understand what insurers have planned for next…

Health insurance exchange suffer from faulty internal controls

July 4, 2014July 2, 2014 S.Vagus

HHS report identifies internal controls as a problematic issue Insurance exchanges throughout the U.S. have faced technical struggles for the past several months, but a new report from the Department of Health and Human Services may have identified the reasons behind one of the most problematic aspects of these exchanges. Insurance exchanges have been having trouble adequately determining whether or not those seeking federal subsidies are actually eligible for these subsidies. The subsidies are offered by the federal government and exist as a way to make insurance coverage more affordable…

World’s largest health insurance program to take form in India

July 3, 2014July 1, 2014 Nordstrom

india online senior cashless health insurance

Indian government is working on transforming the country’s health care system The Indian government is planning to create the world’s largest health insurance program. A recent, significant shift in government has brought more attention to India’s health care sector, as well as other sectors. The new government is eager to address what it perceives to be problems in the country’s health care structure and will be working with the insurance industry in order to do so. Prime Minister Narendra Modi unveiled plans for this ambitious program during a recent conference…

Federal law is affecting how people shop for health insurance

July 3, 2014July 1, 2014 S.Vagus

Federal law causes major shift in consumer shopping behavior A new report from Vitals Index shows that changes to the U.S. health care system is having a major impact on what people are looking for when it comes to insurance coverage. These changes were brought about by the Affordable Care Act and the federal law has done much to revolutionize the country’s health care and insurance industries. According to Vitals Index, because of the changes that the law has made, people are beginning to consider many different factors when looking…