Taxpayers to commit $660 billion for health insurance subsidies in the US

Health Insurance Expense

Subsidies to help cover the cost of coverage for those over the age of 65 are growing This year, taxpayers in the United States will commit more than $660 billion to help subsidize health insurance coverage for those over the age of 65, according to the. The federal agency has released one of its most comprehensive reports concerning the cost of subsidized insurance coverage, highlighting the potential these subsidies have to reduce the national deficit. According to the report, the 2016 tax bill accounts for 3.6% of the country’s gross…

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20 million people have received health insurance through the Affordable Care Act

Health Insurance Agent

Health care reform has made insurance coverage more accessible An estimated 20 million people in the United States have managed to acquire health insurance coverage since the passage of the Affordable Care Act in 2010, according to a new report from the Department of Health and Human Services. Over the past few years, the health care reform law has been subject to harsh criticism, with opponents of the legislation threatening to repeal the law in favor of a different solution. The Obama Administration, however, notes that more people have access…

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Legislation in New York secures health insurance access for pregnant women

pregnant mothers women health care

Governor signs bill allowing pregnant women to enroll for coverage through state’s exchange New legislation signed by New York Governor Andrew Cuomo will ensure that pregnant women will be able to enroll in the state’s health insurance exchange whenever they please. Originally, pregnant women would have to wait for the exchange’s open enrollment period in order to find coverage. Those with qualifying life events can enroll for coverage whenever they want, but the state did not consider pregnancy to be such an event until the new legislation was signed into…

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New Mexico hospitals cite expansion of health insurance as reason for falling costs

New Mexico health Insurance Regulation Structure

Hospitals report falling costs due to more consumers having health insurance coverage New Mexico hospitals are reporting seeing lower costs in providing consumers medical care, even if they do not have health insurance coverage. According to a report from the Legislative Finance Committee, this is due to the expansion of the state’s Medicaid program through the Affordable Care Act. This has allowed more people to receive the medical care they need at relatively lower costs. This has had a positive financial impact for hospitals, as they are spending less money…

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US health insurance exchanges are exposed to fraud

hacked phone federal health insurance exchange

GAO report highlights the fraud problems that many exchanges have to deal with A new report from the Government Accountability Office has found that health insurance exchanges set up through the Affordable Care Act are still exposed to fraud. Exchanges have long had a problem with fraudulent applications, with fake Social Security Numbers and falsified immigration details being applied to these applications in order for people to acquire insurance coverage. These issues were first discovered more than a year ago, but efforts to curb fraud have had limited impact. Many…

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Estimated 10 million people expected to enroll in health insurance exchanges by the end of the year

health insurance agents websites

HHS predicts that many more people will enroll in state-based insurance exchanges by the end of this year The U.S. Department of Health and Human Services expects that some 10 million people will enroll for health insurance coverage through state-based exchanges by the end of this year. More than one-quarter of those without insurance in the country are expected to sign up for policies that suit their needs during the upcoming open enrollment period. The enrollment period is scheduled to begin on November 1, running through January 31, 2016. 8.8…

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Arkansas pauses development of health insurance exchange

bills health insurance coverage rates

Governor issues request to insurance exchange board to halt development for the time being Arkansas Governor Asa Hutchinson has informed the Department of Health and Human Services that he has asked the Arkansas Health Insurance Marketplace Board to pause the development of an exchange for individual consumers. The board is in charge of overseeing the development of such a marketplace, which is meant to serve as a place for consumers to find affordable, yet comprehensive coverage. Governor Hutchinson wants the board to wait while a legislative task force develops recommendations…

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