Live Insurance News

Affordable Care Act Enrollment Breaks Records But Faces an Uncertain Political Future

January 10, 2025January 10, 2025 Live Insurance News

Record ACA Enrollment Under Biden Administration The Biden administration has announced a groundbreaking achievement in health care access, with nearly 24 million Americans enrolling in Affordable Care Act (ACA) Marketplace plans for 2025. This record-breaking figure nearly doubles the enrollment totals from four years ago, solidifying the ACA as a critical pillar of American health care. The success is attributed to expanded federal subsidies, streamlined enrollment processes, and heightened outreach efforts under President Joe Biden’s leadership. The Role of Enhanced Federal ACA Subsidies A significant driver behind the surge in…

Biden administration seeks to restrict ‘junk’ health insurance plans

July 13, 2023July 12, 2023 Nordstrom

Health insurance - White House - US Flag

A proposal is expected to be made tomorrow for a new regulation to crack down on short-term coverage. The Biden administration is expected to propose a new regulation tomorrow, with the intention of cutting back on short-term health insurance plans. This rule is long awaited and expected, to reign in the expansion of weak coverage from the Trump years. Democrats have been criticizing the expansion of thin health insurance coverage that was permitted during the Trump administration. They, along with patient advocacy groups, have criticized this type of skimpy coverage…

Low-income Americans to receive flood insurance cost support

June 7, 2021June 4, 2021 Marc

Flood insurance cost - umbrella covering dollar sign

The Biden administration’s budget includes a plan for helping people to purchase the coverage. As the Federal Emergency Management Agency (FEMA) works to overhaul the National Flood Insurance Program (NFIP), the President Biden is seeking to bring down the flood insurance cost for low-income Americans. The budget proposes a new program that would provide $358 million to support the effort next year. That money would help low-income families to cover their flood insurance cost and to take additional action to prevent their properties from flooding. This new program was a…

California wildfires may need to be a way of life, say insurance officials

May 27, 2021May 26, 2021 Nordstrom

After 2020’s record-breaking fire season, officials warn that this may be an ongoing trend. California wildfires caused the destruction of over 10 million acres in 2020 according to a progress report from the U.S. Department of Agriculture outlining the resilience strategy. The progress report’s focus is on efforts to reduce fire fuel through forest thinning strategies. Details from the strategy show that federal efforts will be rising by “two to four times more” than the current levels for reducing destruction from the blazes. This plan was released by the Biden…