Tag: health insurance rates

Health insurance costs could spike in the US

S.Vagus
Health Insurance Mississippi

Analysis predicts that health insurance rates will grow by an average of 255% Those receiving federal aid for their health insurance coverage in the U.S. could see their insurance premiums rise by a significant margin, pending the results of a Supreme Court case. According to analysis from Avalere Health, an advisory group, premiums for those with subsidized coverage could spike by an average of 255%. Information from the Department of Health and Human Services shows that the vast majority of those receiving health insurance coverage through an exchange currently receive…

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Report highlights growing cost of employer-sponsored health insurance

Logan B.
health insurance industry employer work

Workers are paying more for their coverage but are receiving fewer benefits The Commonwealth Fund has released a new report that highlights the growing costs of employer-sponsored health insurance in the United States. While the Affordable Care Act has not lead to a significant increase in insurance premiums for many people, it may not be providing much relief to workers. The report from the Commonwealth Fund suggests that insurance premiums for workers are slowly increasing, while the benefits they receive through this coverage are vanishing. Worker contributions are growing throughout…

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Health insurance rates could spike in small states

Nordstrom
health insurance costs subsidies

Baby boomers relying more heavily on medical care could lead to a surge in spending Baby boomers are entering their “golden years” and this may have a significant impact on health insurance premiums for everyone else. An estimated 76 million people from the baby boomers generation are expected to create a surge in spending on prescription medications, health care, and hospice car. This may become a major financial issue for insurance companies, with insurers like UnitedHealth and WellPoint seeing few other options than raising rates. For some states, premiums may…

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Health insurance premiums is higher for some smokers

H. Cutner
Health Insurance for Smokers

In Virginia, residents who smoke can expect most insurers to charge them more for coverage. Virtually everyone in Virginia needs to pay for health insurance in some way, and that coverage is going to cost more for the large percentage of residents of the state who also happen to be smokers. As a result of the considerable medical risks associated with smoking, insurers often charge more to smokers. In Virginia, 20 percent of workers also happen to be smokers, and experts have said that the risks associated with this habit…

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State agency modifies health insurance rate increase proposals

Logan B.
Connecticut health Insurance

Connecticut Insurance Department modifies some proposals, rejects others The Connecticut Insurance Department has modified rate proposals from health insurance companies for policies that will offer coverage in 2015. The agency has modified rate proposals from some of the state’s largest insurers, including Aetna and UnitedHealthcare. Some rate proposals were rejected, while insurers were required by the agency to change their proposals in order to reduce the financial pressure that consumers experience from the coverage. Some of the rate proposals that the agency has modified have to do with policies that…

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