Live Insurance News

Health care reforms appears to be creating happy customers

July 15, 2014July 12, 2014 Julie Campbell

A new survey has shown that people who are newly covered by medical insurance seem pleased. According to the results of a Commonwealth Fund survey, the expansion of insurance coverage as a result of the health care reform are starting to produce some rather pleased and satisfied customers. They survey also determined that there are a notably larger number of people with coverage in the country. The research group’s survey showed that among adults who are younger than the age of 65 years, an estimated 15 percent are currently uninsured.…

Report shows health insurance premiums were growing before Affordable Care Act took hold

June 12, 2014June 9, 2014 S.Vagus

Health care reform may not be the sole cause of rate increases The Commonwealth Fund has released a report that shows that health insurance premiums throughout the U.S. were on the rise well before the implementation of the Affordable Care Act. The federal health care reform law has been the subject of extreme criticism for the past few years, with those opposing the law claiming that it is the cause of significant rate increases in insurance coverage. This may not be accurate, however, as insurance policies were already becoming more…

Affordable Care Act may not be the cause of rising health insurance costs

December 23, 2013December 19, 2013 Marc

Research discovers that federal law may not be causing premium spikes It has become common for the Affordable Care Act to be blamed for rising health insurance costs in the U.S., but the federal law may not actually be the problem. According to a new analysis from the Commonwealth Fund, an organization that conducts independent research on health policy, the Affordable Care Act actually has a relatively modest impact on insurance costs. The organization has analyzed the reasons that insurance companies provide to regulators when they are seeking rate increases…

Health insurance exchange awareness low among young adults

August 29, 2013August 27, 2013 S.Vagus

Survey shows that young adults lack awareness when it comes to health insurance The Commonwealth Fund, a private organization that promotes higher standards in health care and insurance, has released a new survey concerning health insurance awareness among young adults in the U.S. The Affordable Care Act is often highlighted as a major issue for young people throughout the country, many of whom do not currently have health insurance or receive coverage through their parents. With health insurance exchanges taking form in every state, young consumers may be at risk…

Healthcare study identifies possible savings of $2 trillion over 10 years

January 11, 2013April 30, 2013

The researchers are now calling for a new spending target that may be highly effective. According to a study that was just released on Thursday, the United States would be able to save $2 trillion from its spending on the healthcare system over the next 10 years if the federal government would help to influence the rapidly increasing costs in both the public and private sectors, so that they would more effectively align with economic growth. The study was conducted by the Commonwealth Fund, a nonpartisan group. In the report…

Medical loss ratio provision could have saved Illinois residents millions according to Commonwealth Fund report

April 9, 2012April 9, 2012 S.Vagus

Health care reform medical loss ratio study The Commonwealth Fund, an independent foundation based in New York that researchers health care policies, has released a new report concerning the medical loss ratio (MLR) provision of the Affordable Care Act. The MLR provision requires insurance companies to spend no less than 80% of the money they collect from premiums on improving medical care. If insurers cannot meet this standard, the money must be returned to policyholders. The provision took effect in 2011, but has been mired in litigation and bureaucracy, which…

A news study shows the costs of health care are rising as well as uninsured rate

September 8, 2011September 8, 2011 Nordstrom

A new report from the Commonwealth Fund, a nonprofit organization championing a more efficient health care system, shows that as the costs of health insurance rise, the number of people with health insurance plummets. The report cites growing tensions within the economy as consumers struggle to cope with higher costs of living and widespread job loss. In 2010, the organization estimated that 29 million people did not have health insurance, a number that had been 16 million seven years before. Among those losing health insurance coverage are those with jobs.…