Live Insurance News

Health insurance rate proposals continue to drop in the US

March 2, 2013February 28, 2013 Logan B.

New report highlights the falling frequency of health insurance rate increases As U.S. insurers warn that health insurance rates will spike in 2014, the Department of Health and Human Services has released a new report that suggests that health insurance prices are actually falling, and have been doing so since 2009. The federal agency, which is responsible for the enactment of the Affordable Care Act, has been noting the concerns that consumers around the country have been expressing concerning the costs of coverage. The agency has released the new report…

Enrollment in New Jersey health insurance program to be frozen

March 1, 2013February 28, 2013 Logan B.

Health insurance program enrollment to be suspended on March 1 On March 1, 2013, New Jersey will suspend all enrollment into a state-run health insurance program designed for consumers with pre-existing medical conditions. State officials note that this is a mandatory measure per the Affordable Care Act and that the state was directed to suspend enrollment into this program by the Department of Health and Human Services. The health insurance program, which is called the Pre-Existing Condition Insurance Plan, is suggested to be in danger of running out of money…

Health insurance price limits for older beneficiaries held by federal government

February 26, 2013February 26, 2013 G. Turner

The Obama administration sticks to its restrictions on what insurers are allowed to charge. The federal government has now finalized a regulation for health insurance companies that is designed to safeguard consumers through tighter restrictions on what those insurers are allowed to charge older beneficiaries. The government made the decision despite warnings from the industry that everyone else may need to pay more. Health insurance companies have warned the Obama administration that if older customers are not allowed to pay more for their coverage, then younger policyholders may see their…

Half of US opts out of health insurance exchanges

February 22, 2013February 22, 2013 Logan B.

Half the country decides not to run health insurance exchanges The U.S. Department of Health and Human Services has announced that the federal government will officially be operating health insurance exchanges in approximately half the states in the country. These exchanges are part of the Affordable Care Act, the federal health care law that has been very unpopular in some states. These states have shown continued opposition to the federal law, suggesting that it violates people’s constitutional rights and claiming that it will have a catastrophic impact on the nation’s…

Affordable Care Act deadline relaxed for the benefit of states

January 17, 2013January 17, 2013 S.Vagus

Affordable Care Act continues to generate controversy with health insurance exchanges The Affordable Care Act has been a point of contention throughout the U.S. since it was passed in 2010. One of the more problematic provisions of the fede4ral health care law requires each state to host a health insurance exchange. These exchanges are meant to be online marketplaces where consumers can find affordable coverage. The problem is that many states disagree with the basic precepts of the Affordable Care Act, thus oppose its provisions entirely, leading these states to…