As of Monday, March 26, 2012, the U.S. Supreme Court has started to hear the verbal arguments in the highly controversial and politically charged case of whether or not the healthcare reforms made by the Obama Administration starting in 2010 are constitutional. Twenty six states have sent attorneys to represent them – primarily those with governors who are Republican – as well as the National Federation of Independent Businesses (NFIB) as they face off against the lawyers from the Justice Department. They believe that the health care reform’s requirement for…
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Washington Governor Gregoire signs state insurance exchange bill
Washington state Governor Christine Gregoire has now signed a bill into law, which now sets the rules in that state for insurance companies that are readying themselves for the online insurance exchange that is a part of the federal healthcare reform. The exchanges are a part of the President Barack Obama overhaul that began in 2010, and they must be ready to be put into place by January 1, 2014. They are designed to assist both individuals and small businesses to find proper and affordable health insurance coverage. Governor Gregoire…
Read MoreSenate in Oregon gives its last minute approval to state health insurance exchange
The Oregon Senate has given its overwhelming last minute approval for a measure toward the implementation of the state’s online health insurance exchange marketplace, which is the heart of the Obama administration’s healthcare reform and will provide individuals and small businesses a place to shop for coverage. The vote on Monday was for a measure that was championed by Governor John Kitzhaber, and was passed by 55-5 for the rules that will govern the exchange. This will give the state the ability to build an insurance marketplace ahead of the…
Read MoreWashington is one step closer to building its own health insurance exchange
Washington lawmakers have passed a bill that opens the way for a health insurance exchange to take root in the state. The bill will set up rules that will help the state prepare for the construction of the exchange and govern its operation for the foreseeable future. Legislators believe that this will help the state fully comply with the Affordable Care Act of 2010 and will help it adhere to federal deadlines. Currently, the exchange is expected to be fully operational by January 2014. The rules established by the bill…
Read MoreFinal simplification rules for insurance policies issued by the Obama administration this week
The Obama administration has issued the final rules regarding how insurance companies will make policies easier to understand this week. The government has been working on the rules since the passing of the Affordable Care Act in 2010. The endeavor aims to make the language of insurance policies more clear and straightforward. There have been some delays in the initiative as insurance groups asserted that some policies could not be simplified because they did not cover simple circumstances. Nonetheless, the final rules have been issued this week, requiring all insurers…
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