A new court ruling has meant that consumers across the United States will keep affordable insurance coverage. Consumers across the U.S. who had been struggling to be able to afford their health plans will now be able to sigh a breath of relief as a court has ruled that the federal subsidies will be maintained in the states that do not have their own insurance exchanges. Many were watching the ruling of the U.S. Supreme Court with regards to the health care reform subsidies. The decision made by the top…
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Health insurance premiums on the rise throughout the US
Insurers are looking to increase premiums to recover from financial losses Insurance companies offering coverage through exchanges throughout the United States are looking to increase premiums in the coming year. This may not be a surprise, as industry experts and analysts have predicted significant growth in insurance premiums in the coming years. According to analysis from HealthPocket, however, rates are expected to grow by an average of 12% in 2016 for individual policies. Premiums enrolled in the most popular plans, such as Silver tier plans, could increase by as much…
Read MoreHealth insurance premiums continue to climb in the US
Insurance premiums are growing as medical care becomes more expensive Health insurance costs continue to grow throughout the United States and this is having an impact on premiums for many consumers that have purchased coverage through insurance exchanges. These exchanges were established through the Affordable Care Act and serve as a way for people to find less expensive policies than can be found through the private market. While this was initially true for many, the policies provided through exchanges are becoming more expensive with each passing year. Data suggests that…
Read MoreHealth insurance premiums grow among millennials
Research shows that millennials are facing higher insurance premiums Health insurance coverage has become more accessible in the United States due to the Affordable Care Act, but the federal reform law has also lead to a significant increase in insurance premiums. Research from the Heritage Foundation has found that insurance premiums have increased, especially for millennials that have received coverage through exchanges. These exchanges have succeeded in offering coverage to consumers, but premiums continue to rise and place some people under greater financial strain. Premiums for young consumers are on…
Read MoreAffordable Care Act leads to spike in health insurance premiums
Premiums are higher due to the provisions of the Affordable Care Act The Affordable Care Act has lead to a significant increase in health insurance premiums, according to an analysis from the Heritage Foundation. Though the Affordable Care Act was signed into law five years ago, it has only been two years since the majority of its provisions have been implemented. This has caused insurance premiums to rise dramatically for many consumers in the United States. This may not be surprising, however, as the law requires insurers to provide coverage…
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