Oregon is one step closer to passing a bill that would allow for the creation of a health insurance exchange. Late last week, the House Health Care Committee approved the bill, which will now await a final vote in the Senate. The bill will also establish a public agency that will oversee the exchange and regulate rate changes therein. The agency will be funded from a portion of fees collected by insurance companies that are participating in the exchange program. State officials expect that the program will be operational in…
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Latest in health care reform trends and oppositions
Recent insurance industry figures show that more Americans are receiving health insurance coverage than in previous years. This may be due, at least in part, to the Affordable Care Act, which has pushed many insurance companies to offer more affordable policies. In the first quarter of 2011, insurance companies around the nation were reporting that 600,000 Americans obtained some form of health coverage. The majority of these people were under the age of 26, showing that younger people are finding access to the coverage they need. The amount of young…
Read MoreHas Oklahoma started a trend for states opposing health care reform?
If the federal government gave your state more than 50 million dollars, what do you think they would do with it? Would they give it back? It isn’t often that you would see a state turning down federal money, but that is exactly what is happening in Oklahoma. They are turning down 54 million dollars in federal grant money. The 54 million dollars in federal grant funding was going to be given to the state as a part of the new federal healthcare law. The Department of Health and Human…
Read MoreNew legislation proposed to watch over health insurance rate increases
As one of the provisions of the Affordable Care Act, the nation’s insurance companies will be required to spend at least 85% of the money they collect from premiums on improving the quality of medical care. However, the law does not designate any governing body as the regulatory of the mandate. This has led Senator Dianne Feinstein of California to propose new legislation that would give the Secretary of Health and Human Services regulatory authority over proposed rate increases of 10% or more. Feinstein asserts that insurance premiums are rising…
Read MoreHot debate over mandatory health insurance continues in court
The U.S. Court of Appeals for the Fourth Circuit began hearing arguments earlier this week in what many legal academics are calling a crucial case. This began the challenge of examining two lawsuits charging that Congress exceeded its authority when it passed the Patient Protection and Affordable Care Act. A board made up of three judges listened and debated basic points of constitutional law with attorneys for over two hours in the first appellate arguments. The appeals are based on decisions made by federal courts in Virginia. One federal court ruled that…
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