Tag: healthcare reforms

Affordable Care Act stirring rage in California

Dan
health care reform

Affordable Care Act spurs insurers to raise rates Since the passage of the Affordable Care Act in 2010, health insurance companies have been warning of a nationwide rate increase that could introduce new financial pressures to consumers throughout the U.S. Insurers claim that the provisions of the health care law are responsible for the possibility of higher rates. The law requires insurance companies to take more aggressive measures on the types of coverage they provide, the administration of the companies themselves, as well as expand the eligibility of insurance coverage.…

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Health insurance exchange in California now under construction

California health insurance

The Golden State is now working on the first of the marketplaces in the country. An industry expert in California has said that it will be interesting to watch how the state works on developing the first health insurance exchange in the country and then implements it for use by its residents and small businesses. California has now received its federal government funding in order to implement the marketplace. In fact, the state is now the recipient of $674 million federal dollars for the implementation of its health insurance exchange.…

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Health insurance exchange authority in Mississippi granted to commissioner

Mike Chaney, Mississippi Health Insurance Commissioner

Attorney General has made Mike Chaney responsible for the establishment and management of the marketplace. In Mississippi, the Attorney General’s Office has announced that the authority to create and operate the health insurance exchange in the state should be granted to Mike Chaney, the insurance commissioner. This insurance news announcement was made by way of legal opinion the office released this week. Governor Phil Bryant – like many other Republican state governors – are opposed to the healthcare reforms that have been implemented by the Obama administration. They have explained…

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Health insurance must be offered to Florida part-timers or the state will be fined

Florida health insurance

The Sunshine State must make a number of vital healthcare reform decisions over the next few months. Florida is facing an important string of health insurance decisions over the next few months in order to comply with the requirements of the federal healthcare reforms, including providing coverage to some of its part time state workers or face fines $300 million per year. This could require the state to make sweeping changes to this sector of its industry. The federal law would require the state to pay a stiff penalty if…

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Health insurance premiums subsidy eligibility verification regulations proposed by HHS

Health Insurance

Under the new rules, the exchange administrators (federal and/or state) must make certain verifications. The Department of Health and Human Services (HHS) has now proposed a rule in which the state or federal administrators of the health insurance exchanges will be required to verify whether or not those who are applying for healthcare coverage tax credits through these marketplaces are enrolled or even eligible to qualify for coverage through a plan that is sponsored by an employer. This would require new measures to be implemented in the exchanges until a…

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