Live Insurance News

California health insurance rates may soon be on the rise for small businesses

June 16, 2012April 30, 2013

A proposed increase will mean premiums that are over 10 percent higher for smaller firms. Some California health insurance companies have proposed a rate increase for small business plans which will bring the price up by more than 10 percent and could become effective as soon as July or August. This proposal has drawn notable criticism from regulators in the state. Aetna, which has already received the scrutiny of state officials earlier in 2012, is now planning to hike up its premiums by an average of 10 percent, with increases…

20,000 California doctors see a decrease in their business insurance premiums

June 15, 2012April 30, 2013

Rate regulation decreases these rates by an additional $21 million. Should a pending ballot initiative pass, patients in California will receive the same level of protection against health insurance premiums that are deemed unfair as doctors are receiving through their business insurance. The Department of Insurance in the state has announced that it will also be using its prior approval rate regulation authority to decrease the premiums for medical malpractice insurance for the approximately 20,000 medical professionals who are covered by The Doctors Company. The decrease in rates should total…

Looking into the health insurance industries across the United States

June 9, 2012April 30, 2013

The coverage mandate for the state has been placed under examination by the media. The health insurance mandate has been a central topic in the news lately, as the decision of the Supreme Court approaches and as it becomes more vital for the states to complete their required parts of the reform laws before the 2014 deadline, assuming that the law is not overturned. The San Francisco Chronicle, for example, has reported that Proposition 29 has narrowly passed, creating a $1 per pack tax increase on cigarettes, despite efforts by…

State lawmakers seek to create California health insurance bills to maintain coverage

June 6, 2012April 30, 2013

Health insurance care reform confusion debate

The houses of the legislature are attempting to continue the health care reforms regardless of the Supreme Court’s decision. If the lawmakers in the state are successful, affordable California health insurance will remain available to residents with pre-existing conditions who are purchasing their coverage on the individual market in 2014 no matter what ruling the United States Supreme Court makes later on in June 2012. Identical bills in both houses of the legislature have been put forward for the coverage of pre-existing conditions. They would also form new regulations for…

California health insurance exchange to go to Accenture

June 4, 2012April 30, 2013

The state will pay the company almost $360 million for creating and operating the enrollment system. State officials have announced that the contract for the California health insurance exchange eligibility and enrollment system will go to Accenture, for $359 million, The company is expected to have the system up and running to by late 2013. It will need to allow residents of the state, as well as small businesses, to shop for medical coverage and find out whether or not they are eligible to obtain federal healthcare subsidies, as well…