Live Insurance News

Insurance news from China shows funds facing strain

February 20, 2013April 30, 2013

The aging population in the country is starting to make medical coverage more expensive. The latest insurance news out of China has shown that the health coverage fund in Beijing is starting to experience considerable pressure as the population ages. People are living longer, which means that chronic diseases and medical care needs are growing. The older the population gets, the higher the frequency of chronic diseases. These are increasing the demand for medical services in the city, which means that Beijing’s insurance news is growing in its expenses. According…

Health insurance options limited for thousands of North Carolina residents

February 16, 2013April 30, 2013

A new bill in the state would leave many without choices when shopping for their medical coverage. Thousands of residents of North Carolina within the lower income brackets are being denied health insurance and, as a result of a measure that passed the House this week, they now have very limited coverage options available to them. This bill was drafted by the Republicans in the state with the purpose of helping to control costs. It is currently estimated that there are approximately 1.5 million people in North Carolina who do…

Health insurance more expensive for New Jersey workers than others

February 8, 2013February 6, 2013 S.Vagus

ADP research shows that health insurance costs are high for New Jersey residents New research from Automatic Data Processing (ADP), a payroll processor and benefits administration firm serving the U.S. insurance industry, shows that New Jersey residents that work for large companies pay more for their health insurance than those in other states. The research suggests that even consumers in other states that work for the same company as their New Jersey counterparts have lower out-of-pocket expenses when it comes to their health insurance coverage. The new research highlights a…

Health insurance premiums 14 percent higher for smokers

January 4, 2013January 4, 2013 Julie Campbell

A report has also shown that obese adults are paying 22 percent more for their medical coverage. The results of an eHealth, Inc., study have been released in a report that functions as an addendum to the one that it issued two months ago, called “November 2012 Cost and Benefits”, and has shown that smokers and obese individuals are paying higher monthly health insurance premiums than their non-smoking and lower BMI counterparts. On average, these individuals are shelling out a significantly larger amount due to their increased risk factors. According…

Health insurance companies will pay for exchange participation

December 3, 2012December 1, 2012 Julie Campbell

The Obama administration has announced that insurers will be charged to sell from the online marketplaces. On Friday, the Obama administration announced that health insurance companies will now need to pay in order to participate in the online exchanges so that they can sell their plans to the millions of American individuals, families, and small businesses who will be using the marketplace. The “user fees” are designed to help to pay for the cost of creating and operating the exchanges. Unfortunately, the primary concern is that the cost of the…

Health insurance group plans are 97 percent more expensive than in 2002

September 21, 2012September 21, 2012 Julie Campbell

The price of medical coverage has been on a rapid climb throughout the last decade. A new national business survey has released its results this week, and it has shown that the cost of family health insurance through workplace plans has increased another 4 percent this year, while wages rose by only 1.7 percent. The survey was conducted by the Kaiser Family Foundation/Health Research & Educational Trust. The gap between the coverage sponsored by employers, and the salaries paid to the employees is considered even more significant when the trend…

Health insurance costs could drop $12 billion in Wisconsin from weight loss

September 20, 2012September 20, 2012 Julie Campbell

If residents of the state were to achieve a proper BMI, the savings would be tremendous. A report released about the cost of health insurance in Wisconsin has shown that the state could save up to $11.96 billion if its residents shed an average of 5 percent of their body mass index (BMI) by the year 2030. Even the smallest efforts could make a tremendous difference to reduce the obesity problem. It has been recommended that schools and workplaces increase their activity levels and that fresh vegetables and fruits be…