Live Insurance News

New health insurance regulations introduce changes to Affordable Care Act

July 11, 2013July 8, 2013 Nordstrom

Obama administration introduces more health insurance revisions As the Affordable Care Act inches closer to becoming fully enacted in the U.S., the Obama administration is making somewhat unexpected moves on the health care law and its provisions concerning health insurance. The federal law is set to go active in its entirety on January 1, 2014. Once the law has been fully enacted, it will be too late for states throughout the country to comply with its provisions, which is somewhat problematic due to the fact that most states have yet…

Health insurance deadlines for exchanges will be tight

July 2, 2013July 1, 2013 G. Turner

The dates are rapidly approaching and states and IT firms are scrambling to have everything finished in time. IT firms are in the midst of creating health insurance exchanges that are cloud based and allow for connection with both the states and a federal data hub in order to support determination of eligibility for users. However, the deadline for open enrollment is October 1, and that time is rushing up very quickly. The health insurance exchanges must be open and ready for enrollment by October 1, 2013, according to the…

Insurance fraud lawsuit filed by Allstate against providers

May 20, 2013May 25, 2013 Julie Campbell

The massive insurer has sued five medical professional companies and six physicians in the U.S. Allstate has just filed an insurance fraud lawsuit worth $3.8 million in order to recover the funds from five medical professional corporations and six physicians. This is the third lawsuit of this nature that the insurer has filed within this year alone. Overall, there have been 47 insurance fraud lawsuits filed by Allstate in the state of New York since 2003. In total, the insurer has sought over $235 million in damages throughout those years.…

Health insurance fee may be added to reforms

December 12, 2012December 12, 2012 Julie Campbell

The healthcare overhaul may include a new expense that could reach the wallets of consumers. The overhaul of the health insurance system may now involve a new $63 per person fee that is designed to help to pad the cost of providing coverage to individuals who have a pre-existing medical condition. This additional charge was worked into a recent regulation that was created for the system. According to employers, who are greatly displeased with the health insurance fee, it could lead to tens of millions of dollars for the biggest…

Insurance news from Ghana may send health system into bankruptcy

November 15, 2012April 30, 2013

World Bank Building pandemic Insurance fund News

A study from the World Bank has shown that this could occur as early as 2013. The World Bank has released the results of their latest study, which has revealed the devastating insurance news regarding Ghana’s health coverage system and its direction toward bankruptcy in 2013. As soon as next year, the National Health Insurance Scheme (NHIS) could be bankrupt. The insurance news report stated that “the system has serious structural and operational inefficiencies and is on a trajectory to go bankrupt as early as 2013.” It went on to…