Live Insurance News

Insurers are flocking to Illinois health insurance exchange

June 16, 2014June 13, 2014 Logan B.

Eight companies seek to sell their policies on the state exchange Eight insurance companies are looking for approval to sell plans in the Illinois health insurance exchange. State officials note that there has been a surge in interest in the exchange coming from insurance companies. The exchange represents a competitive marketplace that is on its way to becoming one of the primary ways people find and purchase the coverage that they want. The new insurers looking to participate in the state’s exchange could bring some 504 new insurance plans to…

Health insurance rates set to go up in Washington

June 16, 2014June 13, 2014 S.Vagus

Washington residents will be paying more for their insurance coverage in 2015 Health insurance in Washington may become more expensive next year. The Office of the Insurance Commissioner expects to see premiums grow by a modest degree in 2015, noting that those with coverage and those seeking coverage will be spending more money on their policies. Rates are expected to see modest growth in comparison to how much they had increased in the years leading up to federal health care reform. Insurance rates expected to increase by an average of…

Massachusetts wins a major victory in health insurance

June 13, 2014June 10, 2014 S.Vagus

Uninsured rate may fall below 1% in Massachusetts The number of uninsured people in Massachusetts may soon be below 1%, according to information from the state’s Center for Health Information and Analysis. The organization has been tracking the number of people that have signed up for insurance coverage from December 2013 to March of 2014, finding that the number of people with insurance coverage increased by more than 215,000 statewide. If this momentum is maintained, the state may soon have the lowest uninsured rate in the country. State initiatives help…

Health care reform in Massachusetts brings uninsured rate to nearly zero

June 12, 2014June 12, 2014 G. Turner

The latest statistics from the state have revealed that nearly all of its residents now have insurance. Among the latest insurance news headlines to come from Massachusetts is the recent publication of statistics that have shown that following the health care reform, the number of residents in the state who are uninsured has dropped to nearly zero. This is the closest that a state has ever come to making sure that all of its residents have health insurance. Massachusetts already had a bit of a head start when it came…

Report shows health insurance premiums were growing before Affordable Care Act took hold

June 12, 2014June 9, 2014 S.Vagus

Health care reform may not be the sole cause of rate increases The Commonwealth Fund has released a report that shows that health insurance premiums throughout the U.S. were on the rise well before the implementation of the Affordable Care Act. The federal health care reform law has been the subject of extreme criticism for the past few years, with those opposing the law claiming that it is the cause of significant rate increases in insurance coverage. This may not be accurate, however, as insurance policies were already becoming more…