Tag: health insurance costs

Health insurance rates to soar in the US

Dan
Health Insurance rate increases

Humana CEO predicts higher health insurance rates for consumers Throughout the U.S., health insurance companies are issuing calls for consumers and businesses to prepare to pay higher rates for their coverage. Humana, one of the country’s leading health insurance companies, is the latest of these companies to become outspoken about the issue. According to Humana CEO Bruce Broussard, the implementation of the controversial Affordable Care Act will be a “bumpy road” for many and that consumers are the most likely to feel the effects that the health care law will…

Read More

Health insurance more expensive for New Jersey workers than others

S.Vagus
new jersey health insurance

ADP research shows that health insurance costs are high for New Jersey residents New research from Automatic Data Processing (ADP), a payroll processor and benefits administration firm serving the U.S. insurance industry, shows that New Jersey residents that work for large companies pay more for their health insurance than those in other states. The research suggests that even consumers in other states that work for the same company as their New Jersey counterparts have lower out-of-pocket expenses when it comes to their health insurance coverage. The new research highlights a…

Read More

Signs emerge of the growing cost of health insurance

Alibama Health Insurance Costs

Health insurance may actually become more expensive There is a new trend emerging in the U.S. health insurance sector that may prove that health insurance rates are expected to increase significantly in the near future. Many health insurance companies in the individual market have stopped offering guarantees for a policyholder’s yearly premiums. Insurers throughout the U.S. have been warning consumers that health insurance rates may be going up as a direct result of the Affordable Care Act. This new trend may be the first glimpse of that warning becoming a…

Read More

TrueCost plan sparks dispute in Cincinnati

Dan
health insurance rates highest and lowest

TrueCost plan provokes standoff between employees and employers A standoff in Cincinnati, Ohio, between employees and their employers has formed concerning a controversial new health insurance plan called TrueCost. The plan has become very popular for Cincinnati employers, but workers are concerning over the potential the plan has of introducing a variety of new medical costs. So far, nine Cincinnati employers, representing some 5,000 employers combined, have adopted the TrueCost plan, which comes from Custom Design Benefits. Plan allows employers to take control of health care costs According to employers,…

Read More

West Virginia weighs options on health insurance exchange

Nordstrom
West Virginia Health Insurance

West Virginia may partner with federal government West Virginia is making strides in building a health insurance exchange program, but the state’s plans have hit a snag in the form of finances. The state, like others in the country, is required to host a health insurance exchange by the Affordable Care Act. Though some state officials have shown opposition to the federal health care law, West Virginia remains on track to comply with the law by 2014. The state will not run the exchange on its own, however, as state…

Read More

Health insurance may get much more expensive for common care

Nordstrom
Health Insurance coverage - uninsured drops

Consumers expected to see major shift in health insurance costs in 18 months U.S. consumers may be in for a shock if they need to visit the hospital for any reason soon. Over the next 18 months, employer-sponsored health insurance is expected to become vastly more expensive as companies push workers to contribute more to their policies. Other companies are expected to drop coverage in an attempt to cut costs, driving workers to seek out policies from private insurance companies, which are also looking to limit their exposure to financial…

Read More

South Dakota health insurance exchange now responsibility of federal government

S.Vagus
Court rules mandatory health insurance is not fair

Lawmakers nix plans for South Dakota health insurance exchange South Dakota lawmakers have determined that the state will not build its own health insurance exchange. Instead, work to build the South Dakota health insurance exchange will be taken up by the federal government. The Department of Health and Human Services will be tasked with operating and paying for the development of the exchange program as required by federal law. The move represents the state’s continued opposition to the Affordable Care Act. State continues opposition of Affordable Care Act South Dakota is…

Read More