The Obama administration has announced that it has shifted the power from the federal government to the states themselves in deciding the level of medical benefits that will be required for coverage by insurance companies beginning in 2014. The purpose of this move was to help to eliminate the chance that there would be a clash between the states and the federal government regarding a foundational element of the new healthcare overhaul. The new regulation means that state leaders will hold more control over the limits for health insurance even…
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Role of the Federal Insurance Office questioned at recent panel hosted by the U.S. Treasury Department
As the insurance landscape begins to change and take a new form, the role of the Federal Insurance Office, a federal agency set up after the passing of the Affordable Care Act in 2010, is being questioned. Last week, the U.S. Treasury Department hosted a panel regarding new insurance regulations. At the panel, consumer advocacy groups, legislators and regulators offered their views of the Federal Insurance Office and what role it should play in the future’s insurance industry. The opinions given were varied, with many consumer groups claiming that the…
Read MoreSupreme Court orders briefings ahead of health care showdown
In November, the Supreme Court announced that it would be hearing cases regarding the Affordable Care Act. Appeals from 26 states regarding the matter will come to a conclusion once the high court determines whether the health care law is constitutional. Before judicial proceeding can commence, however, the Supreme Court has ordered briefings regarding the issue. Those involved in the case are being called to explain their position and offer their perspective on the constitutionality of the health care law. To date, the Supreme Court has agreed to consider questions…
Read MorePresident Obama`s healthcare law and the Supreme Court
The United States and the healthcare industry were shaken up with the federal statute entitled the Patient Protection and Affordable Care Act. Before it was passed, during the discussions and voting and even today, there is much debate on whether or not this statute is unconstitutional. While there have been numerous cases going through the appellate courts in different areas of the country, the findings are typically mixed. The Supreme Court has the ability to pick and choose the cases it takes on. In March of 2012, there are over…
Read MoreU.S. Supreme Court to review Obama’s healthcare overhaul
The U.S. Supreme Court has decided to perform a review of the healthcare overhaul by the Obama administration in order to determine if it is constitutional. This debate will no doubt be a topic that will help to decide the shape of the presidential election in 2012, and will help to determine how much power the federal government will have over healthcare and insurance. The Supreme Court justices have said that they will be considering the constitutionality of the healthcare overhaul’s requirement that all Americans must purchase health insurance by…
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