Live Insurance News

Healthcare reforms could benefit from dropped employer coverage

February 21, 2013April 30, 2013

The quality and cost of medical services could improve without their participation. Although the 2010 Affordable Care Act from President Obama promises workers that if they enjoy their health insurance coverage from their employers, they will be able to keep it under the healthcare reforms, there are some in the industry that are now wondering if the system would be more effective and less expensive if employers dropped the coverage that they provide. The intention of the law is actually to expand the coverage from employers across the country. However,…

Healthcare reforms in Illinois approved

February 19, 2013February 18, 2013 H. Cutner

Federal officials have given their conditional approval to the health insurance exchange in the state. Illinois has just received the conditional approval from the federal government for the healthcare reforms that it is making in terms of establishing a health insurance marketplace that will open for thousands of residents of the state starting on October 1 in order to allow for the purchase of coverage that will begin on January 1, 2014. This is a major step in the state for its ability to carry out the Affordable Care Act…

Health insurance exchange may not draw as many employers as hoped

February 19, 2013March 15, 2014 Logan B.

Businesses are expected to opt out, which could lead the cost to rise for those who are participating. Both state and federal officials, as well as consumer advocates, are now beginning to voice concerns that businesses that have workers that are relatively young and healthy will choose to opt out of the health insurance marketplace. This will be done to help to avoid the minimum standards for coverage as prescribed by the healthcare reforms. Though these businesses may choose to try to avoid this health insurance regulation in order to…

Health insurance exchange receives a boost in Chicago from Sebelius visit

February 14, 2013April 30, 2013

The appearance on Wednesday was specifically designed to give the marketplace positive push. Kathleen Sebelius, the U.S. Health and Human Services secretary, made an appearance in Chicago, yesterday, in order to launch the rebranded health insurance exchanges as coverage “marketplaces”. Under this new term, the state level online resources will still be providing the same services. A central element of the healthcare reform law that was first implemented in 2010, these health insurance exchanges are meant to provide individuals and small businesses with an online location where they can compare…

Health insurance exchange plan from Mississippi rejected

February 11, 2013April 30, 2013

Mike Chaney, Mississippi Health Insurance Commissioner

This makes the state the first to have its healthcare reform proposal rejected by the federal government. On Friday, Mississippi became the first among all of the states to have its health insurance exchange proposal rejected by the federal government. According to federal officials, this was due to the opposition that it experienced by the state’s governor. Republican Governor Phil Bryant’s opposition to Mississippi’s health insurance marketplace proposal is being blamed for its eventual rejection by the federal government. The state received a letter from the U.S. Department of Health…