Live Insurance News

Health insurance proposal in Arkansas receives its approval from the House

April 19, 2013April 17, 2013 G. Turner

The bill had previously struggled but has now passed to support the purchase of coverage for low income residents. A proposal faced by the House in Arkansas that would use money that would otherwise have been designated for Medicaid, to purchase private health insurance for residents of the state in the lower income brackets has now been passed. The hope is that it will assist in the overall efforts that are being made for healthcare reform in the state. Other states with Republican led legislatures have been closely watching the…

Health insurance measure in Arkansas failed to pass

April 17, 2013April 17, 2013 G. Turner

The state House did not move forward a proposal to use Medicaid funds to purchase private policies. A proposal in Arkansas faced the House but failed to pass as it proposed to use Medicaid money in order to purchase private health insurance to provide coverage to residents of the state within the lower income brackets. The legislation fell short of the votes that it would have required in order to obtain approval. According to an Arkansas House of Representatives spokesperson, Cecillea Pond-Mayo, there were 75 votes that would have been…

Health insurance rates in Florida may be set by federal government

March 22, 2013March 21, 2013 G. Turner

A Senate Bill would hand this responsibility over to the feds, should it pass. A Senate health committee in Florida has recommended that the state suspend the authority of the Florida Office of Insurance Regulation to be able to set the health insurance rates for companies under the Affordable Care Act, in favor of giving that responsibility to the federal government. The goal is to allow those setting rates to be able to keep up with the constant updates to the regulations. Federal officials have been updating the rate setting…

Legislation to give California insurance regulators more power is pulled from the Legislature

September 1, 2011September 1, 2011 S.Vagus

For the past several months, California legislators have been toiling over a bill that would give the state’s insurance regulators expansive new powers. The bill would have expanded upon regulator’s authority and enabled them to reject or revive insurance rate proposals from the state’s insurance companies. The bill has generated a fair amount of opposition, especially from insurers who are loathe to see regulators wielding more authority. Now the future of the bill is uncertain, as its author, Assemblyman Mike Feuer of Los Angeles, pulls it from consideration. Feuer’s legislation…

The National Association of Insurance Commissioners withdraws its support of an insurance bill on its way to Congress

July 14, 2011 S.Vagus

Insurance brokers have been rallying behind a controversial bill before Congress. The bill was first introduced last month by Senator Mike Rogers of Michigan. The legislation seeks to remove the sales agent fees from insurers’ administrative costs. Supporters of the bill assert that it will help protect the jobs of agents. Furthermore, by reducing costs, insurers will be able to transfer the savings down to consumers. For insurers, the bill holds such promise that they were hoping that federal insurance regulators would endorse it. Regulators, however, have a much different…