California health insurance initiative has qualified for the ballot in 2014

California health insurance

This change in the regulation of the industry will be voted on in just over two years. A California health insurance industry regulation initiative has now qualified to be added to the ballot in November 2014. This initiative will increase the regulation on the rates that are set by insurers. The measure was drafted by Consumer Watchdog, a consumer advocacy group based in Santa Monica, after the legislation for the regulation of California health insurance rates fell short last year in the previous effort. Its approval could change the face…

Read More

California health insurance rebate checks to be mailed out next week

Health Insurance Refund

Many policyholders in the state will be receiving money back due to the Affordable Care Act. President Obama’s overhaul of the medical care system will be providing many California health insurance policyholders with rebate checks, starting next week, as their insurers pay them back for failing to spend their earnings according to the new law’s requirements. Approximately 1.8 million people in the state will be receiving money back. These rebates will be either in the form of a reduction in their monthly premiums, or in the form of a check…

Read More

Massive health insurance lawsuit filed against Aetna

Insurance industry news Lawsuit

Thousands of doctors in California claim the insurer is interfering with patient care. A health insurance lawsuit filed by doctors in the California Medical Association (CMA), Los Angeles County Medical Association (LACMA), and a healthcare organizations and provider coalition is claiming that Aetna is routinely and illegally denying its policyholders access to doctors when their policies state that they are permitted to select their own providers. The suit was filed against the insurer with the Los Angeles County Superior Court. It alleges that Aetna’s practice is threatening patients who have…

Read More

How California health care reforms will impact the state insurance environment

montana Health insurance

The Supreme Court’s decision to uphold President Obama’s law clears a path for the state to proceed. Now that the top court in the country has deemed the Affordable Care Act to be constitutional, California health care reforms will be continuing onward, changing the way that many of the residents of the state obtain their insurance and, therefore, the medical care that they receive. For the growing number of people without employer sponsored coverage, this will make a significant difference. Though the changes will be gradual – particularly at first…

Read More

California health insurance exchange contract goes to Accenture

California health insurance

Following competitive bidding, the state has made its award. Following a highly competitive bidding process, Accenture has been selected by the state in order to provide its California health insurance exchange. It is now responsible for the statewide California Healthcare Enrollment, Eligibility, and Retention System (CalHEERS). This contract has been valued at approximately $359 million, and is broken down into payments of $183 million for the initial creation, development and implementation by October of next year, followed by $176 million for the ongoing development as well as the cost of…

Read More