Live Insurance News

Insurance news from China shows expansion of health coverage

September 17, 2012September 17, 2012 H. Cutner

Chinese medical protection will be broadened to make sure that the sick can afford care. The latest insurance news from China is that the country has now announced that the national health coverage will be experiencing a notable expansion by bringing private insurers into the fold so that more major diseases will be covered. The goal is to shrink the mortality gap between urban and rural residents. It is also hoped that this will help to keep costs to a minimum. According to the Chinese health minister, Chen Zhu’s statement…

How Much Money Will I Need to Retire Just for Health Care Costs?

May 13, 2012May 22, 2012 Julie Campbell

A 65-year old couple that intends to retire this year will need $240,000 for their medical expenses. An analysis released by Fidelity to answer the question “how much money will I need to retire just for health care costs?” has shown that a couple who is 65 years old and intends to begin retirement in 2012 will require approximately $240,000 to pay for the medical expenses they will incur over the rest of their lives, if they do not have employer-provided retiree coverage. This is an increase of 4 percent…

Study shows that states could see major benefits from establishing health insurance exchanges

January 30, 2012January 30, 2012 Marc

A new study from the Urban Institute, an organization that investigates social and economic problems in the U.S., suggests that Oklahoma, as well as 14 other states, could see major benefits from establishing a health insurance exchange. The study shows that, at this point, Oklahoma has done the least to make progress on the project, apart from states that have refused the law completely. A health insurance exchange would have a significant economic impact for the state and its peoples, according to the Urban Institute. Over the past year, three…