Live Insurance News

Website reiterates Florida’s opposition to a health insurance exchange

December 14, 2012January 9, 2014 S.Vagus

State-run health insurance exchange has no future in Florida The Florida Senate has launched a new website concerning the Affordable Care Act and the state’s ongoing opposition to the federal law. The website reiterates the state’s stance on a health insurance exchange, noting that the state will not actually build or operate an exchange in any way. Florida is one of several states that has chosen not to run its own exchange program. Instead, this burden will fall to the federal government, which will be responsible for operating the exchange…

India’s RSBY program taking advantage of consumers

December 13, 2012December 13, 2012 Nordstrom

RSBY program subject to World Health Organization study India may be home to a robust health insurance market, but its consumers may be falling victim to exploitation, according to a new study sponsored by the World Health Organization. The study focuses on the Rashtriya Swasthya Bima Yojana (RSBY) program, which is a health insurance initiative sponsored by the Indian government. The RSBY program is designed to provide poor citizens with access to health insurance policies that are affordable, yet comprehensive. Consumers may actually be paying much more for this insurance…

Health insurance exchanges in 6 states receive federal approval

December 13, 2012 H. Cutner

Obama has given the nod to the marketplaces that have been proposed by states. The federal government has provided its conditional approval to the health insurance exchanges that have been proposed by six states that are moving forward on their versions of the healthcare reforms. Each of the states that have received this approval are led by Democratic governors. These states are made up of Massachusetts, Washington, Connecticut, Colorado, Oregon, and Maryland. Equally, the federal government failed to give its approval to other states that had proposed a partial Medicaid…

Health insurance fee may be added to reforms

December 12, 2012December 12, 2012 Julie Campbell

The healthcare overhaul may include a new expense that could reach the wallets of consumers. The overhaul of the health insurance system may now involve a new $63 per person fee that is designed to help to pad the cost of providing coverage to individuals who have a pre-existing medical condition. This additional charge was worked into a recent regulation that was created for the system. According to employers, who are greatly displeased with the health insurance fee, it could lead to tens of millions of dollars for the biggest…

New Jersey health insurance exchange off the table

December 11, 2012April 30, 2013

New Jersey health insurance exchange slammed with veto from Governor Christie Plans for a New Jersey health insurance exchange are off the table due to a veto from Governor Chris Christie. The Governor has become the latest in a long line of state officials that have rebuked the concept of a health insurance exchange in their representative states. The recent veto marks the second time this year that Governor Christie has nixed legislation concerning the New Jersey health insurance exchange. The Governor claims that the federal health care law introduced…