Live Insurance News

Health care reform law a tense issue in the U.S.

June 8, 2012June 8, 2012 S.Vagus

Survey suggests that many citizens are divided on the issue of the Affordable Care Act The fate of the Affordable Care Act is slated to be determined at some point this month. Politicians have taken aim at the health care reform law recently, identifying it as a popular issue amongst voters. The law is meant to introduce several dramatic changes to the country’s health insurance and health care systems. Thus far, the health care reform law has proven somewhat successful, but has nonetheless been a point of contention in the…

High deductible and consumer-driven employee insurance plans growing slowly but surely

December 26, 2011May 6, 2013

The Employee Benefit Research Institute has released a new study concerning the changes seen in employee health insurance plans seen over the last year. The study shows that the changes have been relatively small, but they have had some impact on the insurance market. High deductible insurance plans are beginning to grow, according to the study, though traditional insurance plans – those with low deductibles – continue to dominate the market. The research institute claims that high deductible plans may overtake more conventional plans by the end of next year.…

Massachusetts and Vermont residents pay the highest individual health rates

August 14, 2011May 8, 2013

A recent analysis has shown that in 2010, the most expensive individual health rates in the country were in Massachusetts and Vermont, with premiums up to and higher than $400 per month per person, which is about twice the average of the country. The information was collected by the Kaiser Family Foundation, which drew the data from the insurance company filings to the National Association of Insurance Commissioners and discovered a significant discrepancy in the rates charged from one state to the next. The researchers are referring to their analysis…

Health insurance survey shows many continue in an uphill battle against medical bills

July 17, 2011 Marc

A recent study found that in 2010 there was around 40% of Americans claiming financial hardship with paying medical bills. In 2005 it was 34%, thus presenting a 6% rise in just 5 years. An easy problem to pick out for increased spending would be the lack of insurance coverage, but Patricia Herman, an economist at the University of Arizona, says that financial ruin caused by an injury or illness may not be prevented by health insurance. A study was conducted and can be found online in the August issue…