An analyst at Wedbush has released estimates that have shown that in 2012, there may be a slowing in the rising cost of health insurance, but that this may cause smaller insurers that concentrate on commercial coverage to achieve smaller profit margins. The Wedbush analyst, Sarah James, released a research note that showed that employer and insurer surveys have been indicating that price increases will be slower next year than they were in 2011, as a result of some of the health care reform elements having been implemented. Though this…
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Medicare is just not enough for senior citizens
With most U.S. senior citizens carrying Medicare the well used system has its pitfalls, leaving many worrying about coverage. Democrats have recently stated that they would not allow the Republicans to cut the funding to Medicare and its beneficiaries. However, even with this possibility, Medicare just is not enough for senior citizens. Supplemental health insurance is given to many senior citizens in order to close the gap and pay less. More often than not, getting health insurance can be rather confusing, as well as expensive. Thankfully, though, there are special…
Read MoreIllinois legislators allow 90-day insurance contracts for state employees
The Illinois Legislature has approved a plan to allow a temporary extension to the insurance program that provides healthcare benefits to the state’s employees and retirees. Lawmakers have been debating the necessity of the program, going so far as to consider it’s burden on the state’s finances a weight too heavy for the state to bear. However, the Commission on Government Forecasting and Accountability approved of a plan during an emergency session of the Legislature. The plan will give the state’s Department of Healthcare and Family Services the authority to…
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