Legislators in Colorado have approved of a $18 million grant from the federal government that will help the state build its own health insurance exchange in a 9-1 vote late last week. The money will be used to fund the Colorado Health Benefit Exchange, which aims to provide a virtual marketplace where consumers can find affordable insurance products. Earlier this year, lawmakers approved of the building of an exchange and assigned a group of legislators to oversee the exchange and determine the benefits it would bring to the state’s insurance…
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President Obama`s healthcare law and the Supreme Court
The United States and the healthcare industry were shaken up with the federal statute entitled the Patient Protection and Affordable Care Act. Before it was passed, during the discussions and voting and even today, there is much debate on whether or not this statute is unconstitutional. While there have been numerous cases going through the appellate courts in different areas of the country, the findings are typically mixed. The Supreme Court has the ability to pick and choose the cases it takes on. In March of 2012, there are over…
Read MoreSubsidized California health insurance program fails to meet enrollment goals
A subsidized program for health insurance in California that offers consumers an affordable form of protection when they have pre-existing medical conditions, has managed to break the 5,000 member level at its first birthday, but this was notably lower than the anticipated enrollment. The state had received $761 million from the federal government in order to operate the program until the 2014 start of the new healthcare insurance requirements for state-run insurance exchanges as a part of the Obama Administration’s healthcare overhaul. At the start of this subsidized insurance program,…
Read MoreDigital Insurance Inc. offers complimentary healthcare reform webinar
The top employee benefits agency for speed of growth, Digital Insurance Inc., has sent out invitations for a free webinar that they have entitled “The Agency of the (Not So Distant) Future”, which will be held on Thursday, November 3, at 2 pm. The chief marketing officer and executive vice president of Digital Insurance, Mike Sullivan, will be using the seminar to make a presentation of his vision of the successful agency of tomorrow, and to go over the type of knowledge and infrastructure that will be required in order…
Read MoreMeeting of lawmakers and insurance officials highlights the importance of simplicity in national insurance exchange program
Health insurance exchanges were a popular subject during a recent gathering of federal lawmakers and insurance officials this week in Washington, D.C. Exchanges have been growing in popularity throughout the nation, gaining support in some states while finding opposition in others. The overall aim of the exchange initiative is to present consumers with a way to find and purchase affordable insurance policies. Much of the effort concerning exchanges centers around the concept of affordability, but consumers are far more interested in understanding what they are buying than how much policies…
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