California may use penalties to pay for health insurance subsidies

Health insurance subsidies - money - dollar sign

Governor Gavin Newsom has proposed a tax penalty that would cover the Californian subsidy costs. Governor Gavin Newsom has proposed a new move to fund health insurance subsidies in the state. It would provide an estimated 850,000 Californians with assistance in paying their premiums. The goal is to assist people who make too much to qualify for federal aid but struggle to pay premiums. To be able to afford to provide the additional health insurance subsidies, the Democratic governor has proposed a tax penalty. This would be applied to Californians…

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State insurance regulators start approving rate hikes to cover Trump’s slashed subsidies

trump health insurance regulators premiums rates

Officials in Maryland have already given their approval to the last minute increases, but others are following. Insurance regulators in many states are starting to look into last minute health plan rate increases to compensate for the elimination of Affordable Care Act subsidies. Michigan officials have warned that they are already looking into the increases that they are likely to approve. At the same time, Maryland insurance regulators have already given their approval to the rate hikes. These increases are a direct response to President Trump’s executive order that eliminated…

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GOP opposition to ACA subsidies suspends bipartisan health care agreement

aca subsidies - health care reform

Just after bipartisan senators released an eleventh hour effort to save medical coverage, it ground to a halt. A bipartisan effort to rescue the American health care system following President Donald Trump’s annihilation of the ACA subsidies has stalled. Though the agreement had been underway, hours later, it was suspended as the president sent mixed signals and Republicans either opposed it or failed to endorse it. The agreement was created due to a sense of urgency to recover after key payments to insurance companies were withdrawn. As President Trump was…

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Trump ends health care subsidies and places Congress under high pressure

Donald Trump health care subsidies - signing executive order

The President’s decision to cut off payments vital to making insurance plans affordable is creating turmoil. Before the start of the weekend, President Trump decided to singlehandedly eliminate the health care subsidies central to the Affordable Care Act. The move takes away money critical to making sure lower income Americans can afford the coverage they need. Trump’s decision was made to try to put pressure on Congress to repeal the ACA, despite many prior failures. The health care subsidies were added to President Obama’s reforms to protect consumers against the…

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More grad students could lose their health insurance coverage

Georgia Health Insurance exchange

Grad students from University of Georgia may lose insurance subsidies Grad students at the University of Georgia are expressing concern that they may be losing their access to health insurance subsidies provided by the federal government. Per federal law, all U.S. citizens, including grad students, must have health insurance coverage. For many students, however, the only way to afford coverage is to take advantage of subsidies created through the Affordable Care Act. Grad students from other universities have already lost their subsidies, which has put others on edge when it…

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