Live Insurance News

California health insurance exchange sparks controversy

October 16, 2014October 13, 2014 S.Vagus

Covered California awards $184 million in contracts to organizations associated with executive director California’s health insurance exchange, called Covered California, has sparked some controversy this week. According to records obtained by the Associated Press through the state’s Public Records Act, some $184 million in no-bid contracts have been awarded to numerous organizations throughout the state. This is controversial because these contracts were awarded without the competitive bidding and oversight process that is common in the state government. Some of the deals awarded have sent millions of dollars to organizations that…

Insurance exchange in California awards $184 million in contracts without competitive bidding

October 15, 2014October 13, 2014 G. Turner

This stepped over a standard practice throughout the government in that state for this type of deal. The California insurance exchange has just announced that it has awarded contracts worth $184 million in a process that did not involve oversight or competitive bidding, which has moved itself outside of the standard practices that are used throughout the government in that state. These contracts include certain deals that will pay millions in dollars to a company with workers linked to the agency’s executive director. The no-bid contracts that were awarded by…

California health insurance exchange is shrinking

August 18, 2014August 16, 2014 Logan B.

Exchanges are adding new carriers in many parts of the US, but not in California Insurance exchanges in some states are adding new carriers that will be supplying coverage to consumers beginning in November of this year. This coverage will go into effect on January 1, 2015. California is one of the only states whose exchange did not welcome a new carrier this year. Covered California, as the state’s exchange is called, is experiencing a somewhat unique problem in the availability of health insurance coverage. The state’s exchange is becoming…

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…

Health care reform causes some turbulence in California

May 19, 2014May 17, 2014 Logan B.

Californians are finding that they no longer have access to their favorite doctors Consumers in California are learning that they are no longer able to see their old health care providers because changes to their health insurance coverage. With the launch of the state’s insurance exchange, called Covered California, many people throughout the state purchased new insurance policies. While many of these policies came from the companies they had been patrons of for several years, these policies did not include the same coverage networks. In other cases, health care organizations…