Live Insurance News

GOP opposition to ACA subsidies suspends bipartisan health care agreement

October 19, 2017October 18, 2017 Logan B.

Just after bipartisan senators released an eleventh hour effort to save medical coverage, it ground to a halt. A bipartisan effort to rescue the American health care system following President Donald Trump’s annihilation of the ACA subsidies has stalled. Though the agreement had been underway, hours later, it was suspended as the president sent mixed signals and Republicans either opposed it or failed to endorse it. The agreement was created due to a sense of urgency to recover after key payments to insurance companies were withdrawn. As President Trump was…

Trump ends health care subsidies and places Congress under high pressure

October 16, 2017October 14, 2017 Logan B.

Donald Trump health care subsidies - signing executive order

The President’s decision to cut off payments vital to making insurance plans affordable is creating turmoil. Before the start of the weekend, President Trump decided to singlehandedly eliminate the health care subsidies central to the Affordable Care Act. The move takes away money critical to making sure lower income Americans can afford the coverage they need. Trump’s decision was made to try to put pressure on Congress to repeal the ACA, despite many prior failures. The health care subsidies were added to President Obama’s reforms to protect consumers against the…

Second Oregon health insurance co-op facing liquidation

July 11, 2016July 9, 2016 H. Cutner

The market in the State is continuing to experience a shakeup as a nonprofit insurer must liquidate assets. For the second time, an Oregon health insurance co-op has received a receivership order. This started last week and will now be sending Health Co-op assets into liquidation after facing notable financial struggles. The insurance company was a nonprofit and was consumer-operated, created under the ACA. The Oregon health insurance company’s board of directors voted on Friday. Their decision was to consent to the receivership order from state regulators. This takes the…

Removal of the individual mandate would take health insurance coverage away from consumers

September 18, 2015September 16, 2015 Marc

Individual mandate has ensured that consumers have insurance coverage The Affordable Care Act continues to be a source of controversy, especially because it requires all U.S. citizens to have health insurance coverage. This provision is called the individual mandate and it has placed some consumers under significant financial pressure. While all citizens must have insurance coverage, many also receive financial aid from the federal government, which helps cover the cost of health insurance policies purchased through exchanges that were established through the Affordable Care Act. Removing the individual mandate may…

Health insurance study shows limited networks don’t hurt

September 12, 2014September 11, 2014 Julie Campbell

Research in Massachusetts has revealed that these strategies don’t cause any harm to patients and they save money. Despite the fact that the majority of patients don’t like hearing that they can’t go to a certain hospital or see a certain doctor because of the limited network of coverage provided by their health insurance, this type of plan is becoming increasingly commonplace. These “limited” network plans (also known as “narrow”) are being seen more often than ever before. The reason is that these health insurance policies are typically cheaper for…

Insurance news of fines isn’t great for the wealthy

July 28, 2014July 26, 2014 Julie Campbell

Americans in higher tax brackets could find themselves paying a penalty almost $2,500 for being uninsured. The IRS has released an insurance news statement that indicated that the penalty that will be paid by individuals who have failed to comply with the individual mandate of the heath care reform and who have not purchased coverage will be up to $2,448. At the same time, there could be a fine of up to $12,240 for uninsured families with five or more members. The same penalty will not apply to everyone. It…

Health care reforms appears to be creating happy customers

July 15, 2014July 12, 2014 Julie Campbell

A new survey has shown that people who are newly covered by medical insurance seem pleased. According to the results of a Commonwealth Fund survey, the expansion of insurance coverage as a result of the health care reform are starting to produce some rather pleased and satisfied customers. They survey also determined that there are a notably larger number of people with coverage in the country. The research group’s survey showed that among adults who are younger than the age of 65 years, an estimated 15 percent are currently uninsured.…