Low enrollment in federal insurance program spurs a drop in premiums

Earlier this year, the federal government expanded the eligibility of a federal health insurance program to include those with preexisting conditions. The initiative was originally slated to take effect in 2014, along with the rest of the Affordable Care Act, but the Department of Health and Human Services enacted the new rules in an effort to ensure more people were receiving health insurance. The program, however, has been fraught with low enrollment, spurring the HHS to lower premiums by an average of 18% throughout the nation. The HHS hopes that…

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Major problems in overseas insurance program costing the U.S. government millions

Problems in the infrastructure of the U.S. workers’ compensation insurance program that provides coverage to contractors in Afghanistan have cost the nation millions, according to the Special Inspector General for Afghanistan Reconstruction. The audit, lead by Major Brad Willcockson, found that workers in the region often go uninsured as a result of nonexistent oversight in the program. According to the audit, the problems may lie in the programs administrator: Continental Insurance. The insurance company is a subsidiary of CNA Financial Corp., and was pegged by the U.S. government to provide…

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