Live Insurance News

State insurance regulators start approving rate hikes to cover Trump’s slashed subsidies

October 27, 2017October 26, 2017 Nordstrom

trump health insurance regulators premiums rates

Officials in Maryland have already given their approval to the last minute increases, but others are following. Insurance regulators in many states are starting to look into last minute health plan rate increases to compensate for the elimination of Affordable Care Act subsidies. Michigan officials have warned that they are already looking into the increases that they are likely to approve. At the same time, Maryland insurance regulators have already given their approval to the rate hikes. These increases are a direct response to President Trump’s executive order that eliminated…

Medicare expansion through single payer health care gets support of 15 senators

September 14, 2017September 13, 2017 Marc

bernie sanders health insurance medicare expansion

While Democrats lean toward Sanders’s single payer system, Republicans oppose the measure. Fifteen Democratic senators have shown their interest in a single payer health-care system through widespread Medicare expansion. This represents a considerable shift among Democrats, who have previously seen this type of strategy as politically perilous. Until now, most lawmakers have avoided this type of concept like the plague, but this seems to have changed. Senate Democrats have co-sponsored a measure Senator Bernie Sanders (VT – Independent) proposed yesterday. It was created for broad Medicare expansion in order to…

Health insurance penalty for failing to purchase coverage will remain

July 31, 2017July 29, 2017 G. Turner

Those opposed to the Affordable Care Act once again failed to pass the whittled-down version of the GOP legislation. The latest attempt by opponents of the Affordable Care Act (ACA) to remove the health insurance penalty for not being adequately covered have failed yet again in passing legislation to repeal President Barack Obama’s health care law. On Friday, the Senate defeated the most recent version of the health care law’s repeal legislation. Among the main reasons cited by GOP lawmakers for trying to overturn the ACA is the penalty for…

Health care vote likely today after delay from Trump’s failure to find support

March 24, 2017March 23, 2017 Logan B.

Despite extensive efforts to encourage members to see his side, the president has yet to gain enough votes. House leaders postponed the health care vote that had been expected to occur on Thursday. The GOP’s intention had been to repeal the Affordable Care Act. Trump and his supporters worked diligently to address demands made from lawmakers who refused to support the overhaul bill. Despite considerable efforts, Trump was unable to convince enough of the lawmakers to make it pass. The House Republicans met behind closed doors late in the day…

Insurance industry slams Paul Ryan for lack of comprehension

March 13, 2017March 10, 2017 H. Cutner

The internet and social media lit up when the Speaker of the House of Representatives made a strange declaration about health insurance. The insurance industry was shocked by a recent statement from Speaker of the House of Representatives, Paul Ryan. He recently expressed his displeasure with the fact that premiums from healthy individuals are being used to subsidize the premiums of sick people. Social media, particularly Twitter, immediately blew up to inform Ryan that this is how insurance works. The insurance industry – including professionals and consumers alike – took…