Health insurance could cause a shutdown of the federal government

Health insurance industry news federal government

Health insurance remains a divisive issue Complete enactment of the Affordable Care Act looms in the U.S., but the controversy surrounding the federal law has yet to dissipate. Since the law was passed in 2010, politicians throughout the country have been working to repeal it. Those opposing the law typically align with the Republican Party and have expressed concerns that the federal law will make the cost of health insurance and medical care skyrocket. The issue has become so problematic that it has threatened to shut down the federal government…

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Health insurance costs in U.S. are lower than anticipated

Health Insurance Affordable Care Act Cost

Forecasts are beginning to show that the costs of the coverage aren’t as high as predicted. According to data from the Department of Health and Human Services, the cost of health insurance is considerably lower than it anticipated for small businesses and consumers, as the healthcare exchanges start to come together. This is promising news for President Obama and his supporters, as the exchanges are the heart of his signature law. The health insurance exchanges in each state are central to the Patient Protection and Affordable Care Act. Their ultimate…

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Affordable Care Act stirring rage in California

health care reform

Affordable Care Act spurs insurers to raise rates Since the passage of the Affordable Care Act in 2010, health insurance companies have been warning of a nationwide rate increase that could introduce new financial pressures to consumers throughout the U.S. Insurers claim that the provisions of the health care law are responsible for the possibility of higher rates. The law requires insurance companies to take more aggressive measures on the types of coverage they provide, the administration of the companies themselves, as well as expand the eligibility of insurance coverage.…

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Health insurance fee may be added to reforms

Health insurance rates

The healthcare overhaul may include a new expense that could reach the wallets of consumers. The overhaul of the health insurance system may now involve a new $63 per person fee that is designed to help to pad the cost of providing coverage to individuals who have a pre-existing medical condition. This additional charge was worked into a recent regulation that was created for the system. According to employers, who are greatly displeased with the health insurance fee, it could lead to tens of millions of dollars for the biggest…

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Health insurance rules from healthcare reforms generate $1.5 billion in savings

President Obama health insurance

Regulations put into place from the system wide overhaul have customers spending less. The results of a study by the Commonwealth Fund, a research institution, have now been released, indicating that the health insurance rules that have been put into place by the healthcare law reforms have caused system wide improvements in efficiency that saved Americans almost $1.5 billion last year. The law’s provision says that insurers must spend at least 80 percent of collected premiums on medical care This is the case among insurers selling plans to individuals and…

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