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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Idaho insurers will be able to participate in federally-run insurance exchange
In Idaho, the issue of a health insurance exchange has been a controversial one since the Affordable Care Act was passed in 2010. State lawmakers have been divided on the issue primarily due to their uncertainty about whether or not the state’s insurance companies could participate in the exchange program. Legislators had been concerned that if they chose not to build an exchange and allow the federal government to do it for them that the exchange would only be populated by large insurance corporations such as Blue Cross Blue Shield.…
Read MoreDepartment of Health and Human Services issues legal briefing regarding Affordable Care Act
As the Affordable Care Act continues its slow march toward the Supreme Court, the Department of Health and Human Services has issued a legal brief regarding the matter. The federal health care law has come under fire largely due to one of its provisions. The provision requires all U.S. citizens to purchase some kind of health insurance. 26 states have come together to combat this provision, along with some of the other aspects of the law. The HHS claims that if the individual insurance mandate is declared unconstitutional, the Supreme…
Read MoreMinnesota lawmakers clash over recommendations from health insurance exchange advisory task force
Legislators are clashing in Minnesota over recommendations regarding a health insurance exchange program. The recommendations come from a task force that had been commissioned by Governor Mark Dayton. The task force’s goal was to determine the necessity of a health insurance exchange program for the state. According to the group’s recommendations, the program would bring significant benefits to residents and could help improve the economy of the state, which is why the task force is now supporting plans to build and exchange. The task force was comprised of some of…
Read MoreTexas health insurance waiver denied by the federal government
The federal government has announced that it has not approved Texas’s request for exclusion from a new law that places limitations on allowable amount of overhead spending by health insurers. The law from which Texas wanted to be excluded is one of the changes made in 2010 as a part of the Affordable Care Act for federal health care. Officials in Texas are claiming that this part of the Act is unconstitutional. It is called the medical loss ratio requirement, and it states that health insurance companies must spend a…
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