Live Insurance News

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 in Tennessee will not be state run

February 18, 2013April 30, 2013

Tennessee Health Insurance Exchange Deadline

The governor of the state has announced that the federal government will now be taking control. According to Tennessee Governor, Bill Haslam, and an announcement that he made on Friday, the state will not be participating in a partnership with the federal government in order to create its health insurance marketplace. This announcement was made following a submission of a letter to the Health and Human Services Secretary. The governor, a republican, submitted the letter to the secretary of U.S. Health and Human Services, Kathleen Sebelius, saying that the model…

Health insurance exchange in Michigan currently under debate

February 15, 2013February 14, 2013 H. Cutner

Lawmakers in the state are currently considering the way to spend their $31 million healthcare grant. The Governor Rick Snyder administration has instructed Michigan lawmakers to consider the $31 million grant that the federal government provided in order to establish the state’s health insurance exchange, as their approval will be required within the next few weeks. This is meant to ensure that a consumer friendly coverage marketplace will be effectively established. This is a requirement of the federal healthcare overhaul. Should the spending of the money for the health insurance…

Health insurance law in California includes more details

February 15, 2013April 30, 2013

The state has just revealed new details into its plans for implementing the federal healthcare reforms. California residents are now receiving their first look at what the health insurance changes will be in California as that state gets itself ready to implement the various required elements of the federal healthcare reforms. State officials have now laid out the various policy details that will become available to residents next year. This represents the California’s effort to comply with the federal reforms to the healthcare system, which include the individual mandate that…