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Health insurance companies flee South Carolina market

November 29, 2013November 26, 2013 Nordstrom

A dozen insurers opt out of South Carolina small group and individual markets Nearly a dozen health insurance companies are leaving South Carolina, according to the state’s Insurance Department. These insurers are refusing to write new health policies in the state, citing new regulations introduced by the Affordable Care Act. These regulations are placing significant financial strain on some companies and smaller insurers are finding it difficult to comply with some of the federal law’s provisions. As such, pulling out of the individual and small group markets of South Carolina…

Canceled health insurance policies may be due to the interests of insurers

November 6, 2013November 4, 2013 S.Vagus

Health insurance policies are being canceled throughout the US Controversy concerning the U.S. Affordable Care Act has reached new heights as several individual health insurance plans were canceled in late October and the beginning of November. Many individual policies throughout the U.S. have been canceled due to certain provisions of the Affordable Care Act. These provisions require insurance companies to provide coverage for 10 essential benefits, as outlined by the federal government. Policies that did not meet this standard were cancelled, but policyholders were also given an opportunity to purchase…

Health insurance hearing held in Maine

September 11, 2013September 9, 2013 G. Turner

Residents have expressed concern about changes proposed to Anthem Blue Cross Blue Shield. Following concerns that have been expressed by residents of Maine regarding changes that have been proposed to Anthem Blue Cross Blue Shield health insurance, a hearing was scheduled for this week to allow them the opportunity to speak and have their voices heard. On Monday, the hearing was held at the Cross State Office Building, located in Augusta. The health insurance hearing was held by the Bureau of Insurance. It took place in Augusta and was focused…

Commissioner rejects 5 health insurance companies from Washington exchange

September 3, 2013August 31, 2013 Logan B.

Health insurance companies rejected by Commissioner Kreidler Washington’s Insurance Commissioner, Mike Kreidler, has rejected 5 insurers from the state’s health insurance exchange. The move has received some criticism from consumers and advocacy groups in the state, spurring the Commissioner to make a statement concerning his decision. According to Kreidler, there were substantial problems with the plans being offered by the insurance companies and these problems could not be effectively resolved. The state’s health insurance exchange currently boasts of 31 plans offered by four insurers. Many plans lacked network coverage One…

Health insurance nonprofit doesn’t make it into the exchange

August 13, 2013August 10, 2013 G. Turner

Health insurance industry news federal government

The federal government provided the organization with millions in low interest loans, but it didn’t meet the requirements. A nonprofit organization based in Westerville, Ohio, was the recipient of almost $130 million in low interest loans from the federal government, in order to assist it in developing health insurance plans that would provide consumers with additional choices while shopping on the state exchange to purchase their coverage for 2014. However, the group did not manage to complete all of the requirements to be able to sell coverage in Ohio. The…