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Health insurance exchange vetoed by New Jersey governor

December 10, 2012April 30, 2013

Chris Christie rejects the bill to create a state based online marketplace. New Jersey Governor, Chris Christie has announced that he has vetoed a bill that would have had the state take part in the healthcare reforms for building an online health insurance exchange to allow uninsured residents to compare and purchase different plans. This is the second time in 2012 that Christie has rejected legislation of this nature. The Democratic-controlled legislature in the state has been working to try to establish a health insurance exchange that would be run…

Insurance Commissioners show concern over late release of regulations

December 6, 2012December 5, 2012 S.Vagus

Insurance Commissioners worried that late issuance of regulations could harm implementation of Affordable Care Act After years of criticism for not providing enough guidance in regards to the implementation of the Affordable Care Act, the U.S. Department of Health and Human Services has begun issuing rules concerning the law at a rapid pace. These rules may help some states comply with the federal law in a more comprehensive manner, but their delayed issuance could also be creating some significant problems. Insurance Commissioners throughout the country have begun expressing concerns over…

Health insurance rate hike stopped by South Carolina Supreme Court

December 6, 2012December 4, 2012 H. Cutner

The top court in the state has placed a temporary block on increases to plans for state workers. The Supreme Court of South Carolina has announced that it has placed a block on rate increases for the health insurance plans of the employees of the state. The justices have halted the increase until a lawsuit challenging the increase of 4.6 percent can be considered. The typical health insurance increase had been approved by the General Assembly, but this year, they voted to pay for this increase, in its entirety, using…

Affordable Care Act continues to cause controversy

December 5, 2012December 4, 2012 Marc

homeowners insurance policy multiple claims

Potential problems begin to emerge for the Affordable Care Act There is no shortage of controversy when it comes to the Affordable Care Act in the U.S. The federal law was passed in 2010 and has been the crux of political conflict ever since then, with many politicians claiming that it oversteps the federal government’s boundaries in terms of authority. Earlier this year, the law made its way to the Supreme Court, where Justices debated the constitutionality of the Affordable Care Act and its various provisions. Though the Justices showed…

Health insurance research on North Dakota marketplace shows near monopoly

December 5, 2012April 30, 2013

A new study has found that the small market may increase premiums and shrink benefits. The American Medical Association has released the results of a study on the health insurance marketplace in North Dakota, which has revealed that the environment in the state is nearly a monopoly. It indicated that the small number of insurers were boosting premiums and decreasing benefits. The primary health insurance company in the state is Blue Cross Blue Shield. The study has made it clear that it is not claiming that any of the insurers…