Tag: new york health insurance industry

Health insurance savings on its way for residents of New York

affordable care act

Those living in the state will be saving over $500 million on coverage premiums this year. Andrew Cuomo, the Governor of New York state, has just announced that the new power that has been given to the state to limit the increases in health insurance rates is already showing its benefits to the residents of the state. The state has limited a number of increases that insurers had proposed within the state. Cuomo said that this year alone, New Yorkers will not have to pay the over half a million…

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New autism insurance law enacted in New York brings coverage to families in need

Julie Campbell

Insurers in New York must now offer coverage for autism thanks to a new law signed by Governor Cuomo. The old law required insurers to offer only limited coverage for certain forms of autism, but the new law expands that requirement. Governor Cuomo says that the law will help families managing autism to find insurance that is right for their circumstance. New York is the 29th state to adopt such a law, which has been backed by several advocacy groups in the state. Autism treatment can often cost families more…

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Occupy Wall Street protestors target Blue Cross Blue Shield

S.Vagus

As snow falls in New York City, the protestors of the Occupy Wall Street movement have set their sights on the health insurance industry. Last week, hundreds of protestors marched to the Empire Blue Cross Blue Shield offices, which are located close to Zuccotti Park, where the Occupy Wall Street movement has taken root. The march culminated at the St. Vincent’s Hospital in Greenwich Village, which had closed in April of this year due to crippling debt. Protestors are demanding the reopening of the hospital, which had accrued more than…

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NYC health insurer to disclose information concerning rate increases

H. Cutner

When it comes to insurance, information is a very powerful commodity. For insurers, it is not only important to ensure that all possible information is gathered when pricing policies, it is also imperative to control the flow of information to the public. Demand for transparency is on the rise in New York, where insurance prices have been soaring recently. The state’s insurance companies have been tight lipped on why rates are growing so quickly, but these companies may soon divulge this knowledge to the general public, thanks to pressure from…

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