Live Insurance News

Health insurance exchange in Arkansas draws attention of 4 insurers

June 10, 2013June 8, 2013 Logan B.

Four companies have now expressed their interest in selling policies over the state’s online marketplace. The Arkansas Insurance Department has announced that there are now four health insurance companies that intend to be able to sell their policies over the state’s exchange, which is expected to serve over 500,000 residents. The department said that the insurers submitted their letters by the deadline, which was last Monday. The department explained that the health insurance companies each met the deadline in order to indicate their interest in participating in the Arkansas exchange,…

Hospitals move to form their own health insurance company in Georgia

May 31, 2013May 30, 2013 Logan B.

Health insurance concerns spur hospitals to take drastic step Small businesses are not the only ones that have been voicing concerns over the Affordable Care Act in the U.S. The federal health care law has been raising worries among hospitals throughout the country, many of which claim the Affordable Care Act will have a drastic and problematic impact on health care and health insurance. In Atlanta, Georgia, two hospitals are beginning to work together in order to circumvent the problems they foresee regarding the Affordable Care Act. New health insurance…

Health insurance rate increase draws ire of California regulators

April 12, 2013April 10, 2013 Logan B.

Dave Jones California insurance commissioner insurance industry rates

Dave Jones criticizes health insurance company for rate increases California Insurance Commissioner Dave Jones has strong criticism against some of the state’s health insurance companies this week. The Commissioner, who has long been wrestling with insurers over the cost of health insurance coverage, denounced Anthem Blue Cross for the company’s latest rate increase proposal. Jones calls the rate increase “excessive” and “unreasonable.” In the past, rate increases have been targeted mostly at consumers, but the latest increase from Anthem Blue Cross is aimed at small businesses. Rate increase targets small…

Health insurance in Tennessee denies 1 in 4 applicants

February 1, 2013April 30, 2013

Insurers in the state are declining applications at a rate of 25 percent, according to recent data. Though there remains nearly a full year before the true health insurance impact of the healthcare reforms goes into effect, a coverage issue has developed in Tennessee, which is affecting one in every four applicants for coverage in the state. Within Tennessee, there is a rate of applications denied by insurers of 25 percent. Recent data from the coverage research firm Health Pocket, has identified this trend by health insurance companies to deny…

International insurance news from China shows rural medical coverage boost

January 8, 2013January 8, 2013 H. Cutner

Health plans for residents of areas outside of urban and suburban zones will receive larger government subsidies. On Monday, China made international insurance news with its latest announcement from the health minister of the country, Chen Zhu, which stated that the government of the nation would be increasing the subsidies that it provides to the medical coverage available to rural residents in 2013. The annual subsidy will be increased by an average of 40 yuan per person. The government subsidy that will now be available to rural residents in this…