Live Insurance News

SpaceX pre-launch liability insurance massively increased following FAA requirement

March 16, 2017March 15, 2017 Julie Campbell

spacex falcon 9 pre-launch liability insurance

A new mandate was put into place which increased the minimum coverage requirement by five times. SpaceX changed its launch schedule to today at 1:35am but was required to carry far more pre-launch liability insurance than it previously held. The launch had been postponed as a result of high winds at Cape Canveral. SpaceX will webcast the launch so it can be viewed live. The original launch had been scheduled for March 14, but the delay was considered necessary. This particular mission was created to add the Echo Star XXIII…

Health insurance penalties could add up quickly for the uninsured

March 18, 2014March 15, 2014 Logan B.

Federal penalties may be more costly than people may realize The federal health insurance mandate has been in effect in the U.S. for nearly three months, but penalties for those without insurance coverage are not expected to be seen until after March 31. When the open enrollment period for insurance exchanges comes to a close, those without insurance coverage will become vulnerable to federal penalties. These penalties levy a 1% of annual household income fee or a flat rate of $95 based on yearly income. These penalties, however, may only…

Legislative Referendum 122 could put an end to insurance mandate

October 9, 2012 S.Vagus

Affordable Care Act provision could be cut down by Legislative Referendum 122 The Affordable Care Act is one of the most controversial legislations in the U.S.’s modern history. While the law aims to provide Americans with access to affordable health insurance coverage, it also requires them to purchase this coverage or risk fines and, in the most extreme circumstances, jail time. The insurance mandate has been at the crux of the controversy surrounding the law, and was the reason it landed before the Supreme Court earlier this year. While the…

Affordable Care Act still has its enemies

August 1, 2012July 31, 2012 S.Vagus

Oklahoma showing strong resistance to Affordable Care Act Last month, the U.S. Supreme Court declared that the Affordable Care Act, as well as its multitude of provisions, as constitutional. The ruling itself has caused a great deal of drama in the country’s political structure, with several states still keen to oppose the law at every turn. This opposition is clear in Oklahoma, where the law’s provision that makes health insurance mandatory for every citizen has come under fire from state residents and officials. Insurance mandate continues to be controversial issue…

Hospitals could suffer if insurance mandate is abolished, says Moody’s

April 25, 2012May 26, 2012 S.Vagus

Special report highlights the impact Supreme Court ruling could have on hospitals Moody’s Investors Services, often referred to as Moody’s, has released a special report concerning the insurance mandate provision of the Affordable Care Act within health care reform. The mandate has been at the heart of the controversy surrounding the federal law. According to the law, American citizens must purchase and maintain some kind of health insurance policy. Many states have accused the federal government of overstepping its boundaries by requiring people to purchasing health insurance. As a result,…

Supreme Court may be unclear on how the health insurance mandate fits into the Affordable Care Act

April 12, 2012May 28, 2012 S.Vagus

Health insurance care reform confusion debate

The fate of the health insurance Affordable Care Act is currently in the hands of the U.S. Supreme Court. The Court heard arguments concerning the constitutionality of the law last month, during which Justices raised serious concerns about the law’s provisions. The health insurance mandate of the law hit a chord with some of the judges and has been a point of contention for most of this month. The concerns of Justices may be due to a fundamental misunderstanding of the provision. This misunderstanding could put the Affordable Care Act…

Third day of litigation of Affordable Care Act still focused on insurance mandate, Justices touch briefly on Medicaid expansion

March 29, 2012 S.Vagus

The third day of arguments concerning the Affordable Care Act took place on Wednesday this week. Though the schedule laid out by the Supreme Court earlier this month indicated that the third day of litigation would concern the health care law’s changes to Medicaid and Medicare, the Court’s Justices were keen to keep their attention on the law’s health insurance mandate. Justices are no longer focusing on the constitutionality of the mandate; however, they are now seeking an answer to a simple question: Can the health care law survive if…