Stem cell research is a controversial issue. While the issue is primarily comprised of its uses in medicine, the controversy extends well into the insurance industry. As new methods of treatment emerge, insurance companies must weigh the risks involved with such treatments and what implications could be made to their policies. Most insurers cringe away from covering medical procedures that have a limited history of use, arguing that the risks involved with such things as stem cell surgeries are immeasurable. The fears insurers harbor over the issue may have been…
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Health insurance rates dropping in light of health care reform
In a strange twist of fate, more health insurance companies are making requests to reduce their premiums. This comes in stark contrast of the trend that has been dominant in previous months where major health insurers sought to increase rates exponentially. Several small companies have been lowering their rates, but big companies are following suit, some seeking permission from insurance regulators to reduce their premiums by as much as 20%. While this move may seem uncharacteristic for the industry, some experts are saying that it is not as altruistic as…
Read MoreOregon’s low cost health insurer takes a rate hike
Last week, Oregon-based Regence Blue Cross Blue shield was called upon to answer concerns from regulators regarding proposed rate increase of 22%. The state’s Insurance Division hosted the public meeting, the first of its kind in more than two decades. 200 Oregon residents attended the meeting to hear firsthand the rationalization behind the rate change proposal. They were also given the opportunity to make comment and question company officials regarding the issue. Regence provides insurance customers to 12% of the state’s population. The insurer often provides affordable coverage for those…
Read MoreGeorgia health insurance options may get a little broader
The recession of 2008 took a toll on the nation’s economy. Many businesses were forced to make cuts to the benefits they offered employees in an attempt to offset the economic downturn. Despite reports that the recession ended sometime in early 2010, many are still struggling to recover. Several businesses have not yet returned to the point where they are able to offer employees health care benefits. In Georgia, workers that do not receive coverage from their employees may have new options. State legislators are toiling over a new bill…
Read MoreExemption request from mandatory health insurance for health care workers
One of the more controversial provisions in the new health care reform law is that U.S. citizens will be required to have some form of health insurance coverage. While the federal government seeks to make this possible through the establishment of health insurance exchanges throughout the country, the fact remains that insurance is expensive. Currently, many citizens receive coverage through their employers, but not every company continues to offer such benefits. Those that do not have these benefits are left to come up with a solution on their own. It…
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