Live Insurance News

Will health insurance exchanges crumble under Obamacare repeal?

January 9, 2017January 6, 2017 Logan B.

According to a number of industry experts and analysts, the marketplaces may just survive. In under a handful of days into the start of 2017, the Republicans made it clear that the repeal of the Affordable Care Act and its health insurance exchanges would be among the first moves of the year. Some predictions have stated that health insurance companies will start withdrawing from the marketplaces. The concern is that the instability brought by the Affordable Care Act repeal could make the health insurance exchanges too much of a risk…

20 million people have received health insurance through the Affordable Care Act

March 11, 2016March 10, 2016 S.Vagus

Health care reform has made insurance coverage more accessible An estimated 20 million people in the United States have managed to acquire health insurance coverage since the passage of the Affordable Care Act in 2010, according to a new report from the Department of Health and Human Services. Over the past few years, the health care reform law has been subject to harsh criticism, with opponents of the legislation threatening to repeal the law in favor of a different solution. The Obama Administration, however, notes that more people have access…

Health insurance plans to be rated based on size of network

March 9, 2016March 8, 2016 Julie Campbell

The Obama administration will now use the number of included doctors and hospitals in the ratings. In response to complaints from consumers with respect to the way health insurance plans are rated on the exchanges, the Obama administration has now said that it will provide a rating for each plan based on the number of hospitals and doctors that are included within that plan’s network. Equally, there will also be an increase to the maximum annual out-of-pocket amount that consumers can pay. For individuals, the maximum out-of-pocket expenses for health…

12.7 million people enroll for health insurance coverage in the US

February 12, 2016February 11, 2016 S.Vagus

online health insurance technology exchange

HHS reports that more people signed up for insurance coverage in 2016 than they did in 2015 The Department of Health and Human Services has released data showing that 12.7 million people throughout the United States have enrolled for health insurance coverage through exchanges for 2016 coverage. Enrollment numbers surged during the last hours of the open enrollment period as consumers scrambled to acquire the health insurance policies they need to avoid a federal penalty. The open enrollment period seems to have been a success, ensuring that more people than…

End of open enrollment period for health insurance exchanges is coming to an end

January 29, 2016January 27, 2016 S.Vagus

Consumers are running out of time to acquire health insurance policies Residents of the United States have until January 31 to acquire health insurance coverage through federal and state-run exchanges. The end of the open enrollment period of these exchanges is rapidly approaching and those without insurance coverage could face a penalty from the federal government. This penalty has grown this year, which may come as a surprise for some consumers that are unaware. Consumers throughout the country are being encouraged to acquire health insurance, either through HealthCare.gov, or through…

Millions of employees find health insurance through exchanges

January 25, 2016January 24, 2016 S.Vagus

Accenture report shows that 8 million employees have acquired coverage for 2016 A new report from Accenture shows that health insurance coverage has become more available for many employees in the United States. The report has found that the number of employees using health insurance exchanges to find coverage reached 8 million for 2016 coverage. This is an increase from the 6 million employees that sought health insurance policies through exchanges for 2015 coverage. Many employers are finding it easier to provide their workers with benefits through insurance exchanges. Mid-sized…

Open enrollment for health insurance exchanges is coming to an end

January 15, 2016January 13, 2016 Marc

Deadline for consumers to purchase coverage is rapidly approaching For those without health insurance coverage, time is running out to acquire coverage in the United States. The open enrollment period for insurance exchanges will come to an end on January 31 this year. After the enrollment period is over, consumers will no longer be able to use exchanges to purchase health insurance coverage, except in some special cases. Currently, those without coverage can find policies through HealthCare.gov, the exchange system established by the federal government. Uninsured consumers will face a…