Live Insurance News

Insurers working to adapt to changes in professional liability risks

June 6, 2012 Marc

Changing laws spur evolution in insurance industry The health care landscape in the U.S. has changed in the two years after the Affordable Care Act was signed into law. Though the future of the law now rests in the hands of the U.S. Supreme Court, the changes it brought to health care and the insurance industry has caused a shift in professional liability risks. Even if the law is overturned, these risks are expected to weigh heavy on insurance companies that provide coverage for health care professionals. Insurers, however, are…

The future of health exchanges and high risk pools may hang on the Supreme Court’s ruling

June 5, 2012June 5, 2012 Marc

News outlets have been reporting that if the health insurance law is overturned, massive programs it promised may end. Health insurance programs such as the state health exchanges and the pre-existing condition pools may find that their existence was short lived should the United States Supreme Court overturn the healthcare law that was put into place by the Obama administration in 2010. For example, the temporary PCIP government program may be the last of the protection for high risk individuals. That program was put into place in order to help…

States wait on Supreme Court ruling over health care reform

May 30, 2012April 30, 2013

The future of their insurance exchanges will depend on the decision that is made. The state based health insurance exchange marketplaces have already faced a stream of roadblocks as they are considered and created in order to comply with the health care reform law of 2010, and now they face yet another hurdle that will need to be overcome. The Supreme Court is expected to give its ruling about the constitutionality of the heart of the law in June. The future of all of the decisions that have been made so…

Latest insurance news repeatedly shows most personal coverage isn’t up to legal standards

May 28, 2012April 30, 2013

The majority of health insurance policies sold today aren’t meeting the requirements of the healthcare laws. A the most recent insurance news report published in Health Affairs has shown that over 50 percent of all individual policies that are currently being sold would not qualify for the health care reform overhaul’s required health exchanges because they do not meet the coverage criteria of the Affordable Care Act. Respected publications across the country are finding this same issue to be present. Some of those publications have included the following articles: •…

Michigan health insurance co-op awarded with funds to prepare it for new customers

May 21, 2012January 9, 2014 S.Vagus

Co-op received funds from Centers for Medicare and Medicaid Services The Centers for Medicare and Medicaid Services announced this week that Michigan’s Consumers Healthcare CO-OP (MCHCO) has been awarded with $72 million in funding. The money is meant to be used by the non-profit health insurance company to assist in controlling costs and making providing affordable health insurance coverage more viable. Though the Affordable Care Act may be in a state of limbo currently, the changes it has made to the health insurance industry have been profound. Many companies have…