Live Insurance News

More Californians have access to health insurance coverage than ever before

August 5, 2014August 2, 2014 Marc

Survey shows that insurance coverage is becoming more accessible The number of Californians without health insurance coverage has dropped dramatically since the state’s insurance exchange began operating in October of last year. According to a survey released by the Kaiser Family Foundation, 60% of those that did not have insurance coverage before the exchange began accepting enrollees now have insurance coverage. Those that remain uninsured may be a problematic issue to deal with, however, when the exchange begins another open enrollment period in November of this year. 80% of those…

Health insurance rates are on the rise in California, again

August 4, 2014August 2, 2014 Logan B.

Insurance premiums have grown by 88% so far this year Health insurance rates in California are growing rapidly. Over the past few years, insurers have been raising premiums, trying to offset the financial impact of increasingly expensive medical care and the provisions of the Affordable Care Act. Since the health care reform law was passed in 2010, rates for health coverage have been growing at a rapid pace. According to the state’s Department of Insurance, health premiums have grown by as much as 88% so far in 2014. Higher rates…

Health insurance exchange suffer from faulty internal controls

July 4, 2014July 2, 2014 S.Vagus

HHS report identifies internal controls as a problematic issue Insurance exchanges throughout the U.S. have faced technical struggles for the past several months, but a new report from the Department of Health and Human Services may have identified the reasons behind one of the most problematic aspects of these exchanges. Insurance exchanges have been having trouble adequately determining whether or not those seeking federal subsidies are actually eligible for these subsidies. The subsidies are offered by the federal government and exist as a way to make insurance coverage more affordable…

Legislation in California raises questions about health insurance coverage

June 25, 2014June 23, 2014 S.Vagus

Regulations targeting insurance rates could put Covered California in a precarious position New regulations targeting health insurance rates in California are raising questions about the state’s insurance exchange, Covered California. The Insurance Rate Public Justification and Accountability Act is set to be included on the November ballot. If approved by voters, it would go into effect on November 5 this year, 10 days before the state’s insurance exchange begins its second open enrollment period. The legislation would have an impact on the cost of the policies sold through the exchange, but…

New auto insurance regulations in California target on-demand ride services

June 17, 2014June 13, 2014 S.Vagus

Regulators are introducing new rules that focus on the on-demand ride service sector California insurance regulators are considering new rules that target on-demand ride services, like UberX and Lyft. These services represent a certain degree of risk when it comes to auto insurance and many insurers have expressed concerns regarding fraud and other issues that have yet to receive regulatory attention by the state. Similar services in other states have been subjected to the same regulatory focus recently, with some of these services actually being barred from operating in some…