A new study from prestigious consulting firm McKinsey & Company suggests that as much as 30% of the nation’s employers will be making drastic changes to the insurance they provide to their employees. The firm suggests that the more these companies learn about upcoming insurance changes stemming from last year’s Affordable Care Act the more likely they are to make such changes. The study anticipates that these businesses will cease offering health care benefits or restrict access to such benefits to a select few in their service. If the study…
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Medica gets ahead start on the digital insurance market
Medica, a health organization that provides insurance to Wisconsin and Minnesota, has announced plans to launch a new plan for businesses that will give them an opportunity to rein in soaring medical costs. The new plan will also allow policyholders more freedom in tailoring their plans to better suit their needs. The plan, however, will be more expensive than its counterparts, a fact that does not sit well with some consumers who say the last thing people need in a troubled economy is more expensive coverage options. The insurer has…
Read MoreNew Jersey: Government run health plan looking to close their doors
In New Jersey, hundreds of cities and school districts have saved a fortune by taking part in the state’s relatively unknown benefits program. For the past three years, an increasing number of people are dropping the insurance policies they bought from big name companies in favor of the state’s program. Some legislators are looking to change that by proposing a new bill that could severely inhibit the program. Stephen M. Sweeney, the State Senate president, is proposing legislation that would prohibit the state run insurance program from accepting new members.…
Read MoreOpen forum for small group health reveals public opinion
Anthem Blue Cross and Blue Shield of Maine hosted a public comment forum Monday to discuss their impending rate hikes. A small group assembled in opposition of the proposed premium increases, most of whom were vocal with their disdain. The insurer is seeking to raise its rates as a result of rising medical costs and insists that the new rates will help ensure the quality of health care remains high. Many policyholders aren’t buying it. “We all know this is not about delivering quality care,” argues one angry Mapleton resident,…
Read MoreChristian medical plan expempt from health care reform law
In a recent ruling, democrat lawmakers have won the right to keep Christian medical plans in place, and members will not be forced to carry traditional health insurance under Obama’s health care reform. Medi-Share, a Christian health cost sharing plan with close to 40,000 members, is not considered health insurance. The plan has been growing in popularity over the past 17 years by offering lower costs than regular insurance plans and setting forth rules for its members of no: illegal drugs, tobacco, no sex out of marriage, no alcohol abuse…
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