Tag: Centers for Medicare and Medicaid Services

Federal government takes over health insurance program in California

Logan B.
health care reform

California health insurance program now under federal control California’s high-risk health insurance program is set to be taken over by the federal government in the coming weeks. The state’s Pre-Existing Condition Insurance Plan was established to ensure that state residents with serious and chronic medical issues were able to find the health insurance coverage they needed. The program itself has been somewhat successful in this endeavor as it provides coverage for some 17,000 Californians. There had been concerns, however, that the program would not be able to last for the…

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Michigan health insurance co-op awarded with funds to prepare it for new customers

S.Vagus
Health insurance plan

Co-op received funds from Centers for Medicare and Medicaid Services The Centers for Medicare and Medicaid Services announced this week that Michigan’s Consumers Healthcare CO-OP (MCHCO) has been awarded with $72 million in funding. The money is meant to be used by the non-profit health insurance company to assist in controlling costs and making providing affordable health insurance coverage more viable. Though the Affordable Care Act may be in a state of limbo currently, the changes it has made to the health insurance industry have been profound. Many companies have…

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Premiums decrease and enrollment increases for Medicare Advantage

H. Cutner

According to the Department of Health and Human Services, the part of the Medicare program that provides recipients with the ability to select their own private insurance have seen a drop in their premiums by an average of 7 percent, and there has been an increase in enrollment by 10 percent. According to Kathleen Sebelius, a Health and Human Services secretary, this has been an ongoing trend for Medicare Advantage system, which helps to work against the negative forecasts that have been made by those in opposition to the health…

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Government hopes to see action on state insurance exchanges soon despite ambiguous guidelines

S.Vagus

The federal government is hoping that states make moves on insurance exchanges soon. Several guidelines have been released by the government to lay the framework for how states should go about building and operating the exchanges, but few have been quick to take up action. Federal law requires that states must have a working exchange program established by 2014 or the control of this program will default to the federal government. The director of the Center for Consumer Information and Insurance Oversight at the Centers for Medicare and Medicaid Services,…

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