Live Insurance News

Health insurance rebates come in at $1.1 billion for consumers this summer

June 22, 2012 S.Vagus

Rebates generated by medical loss ratio provision The Department of Health and Human Services (HHS) has announced that U.S. health insurance consumers are due to receive significant rebates in the coming months. The agency claims that millions of people throughout the country are eligible to receive $1.1 billion in health insurance rebates this year. The rebates are linked to the failure of several insurance companies who were unable to meet a federal standard imposed by the Affordable Care Act. The standard is often referred to as the medical loss ratio.…

Health insurance exchanges may be possible if Affordable Care Act is struck down

June 22, 2012April 30, 2013

Court moves ruling to last week of June The U.S. Supreme Court has determined that a judgment on the constitutionality of the Affordable Care Act will be delayed until at least next week. The Court had been expected to issue a ruling on the matter Thursday, but no announcements were made. Instead, the Court has determined that a ruling on the controversial issue can be expected in the last week of June. There is concern that delays could cause more trouble in the insurance industry, especially if some provisions of…

Health care reform law a tense issue in the U.S.

June 8, 2012June 8, 2012 S.Vagus

Survey suggests that many citizens are divided on the issue of the Affordable Care Act The fate of the Affordable Care Act is slated to be determined at some point this month. Politicians have taken aim at the health care reform law recently, identifying it as a popular issue amongst voters. The law is meant to introduce several dramatic changes to the country’s health insurance and health care systems. Thus far, the health care reform law has proven somewhat successful, but has nonetheless been a point of contention in the…

HHS releases a wealth of insurance information to consumers

June 7, 2012June 7, 2012 S.Vagus

HHS provides access to vital insurance information For several years, it has been difficult for individuals and families to obtain information from the federal government concerning the cost of health insurance. For some companies, information pertaining to how they price insurance policies is a tightly held secret. With health care reform on the mind of many consumers, however, the demand for this information has become too big to ignore. The U.S. Department of Health and Human Services (HHS) has announced that it will be releasing a large amount of federal…

Health insurance exchange investments breach $1 billion

May 22, 2012May 22, 2012 Nordstrom

States showing progress towards exchanges despite uncertainty concerning health care reform Though the fate of the Affordable Care Act is still undecided, states continue to work to comply with one of the law’s primary provisions: The establishment of health insurance exchanges. The law dictates that states must have fully functioning exchanges in place by 2014 or they will lose the ability to govern these insurance marketplaces to the federal government. Some states have chosen to delay they work on an exchange program until the fate of the health care law…