Live Insurance News

Health insurance pilot program launched in New York

August 4, 2012August 4, 2012 Nordstrom

New York Governor Andrew Cuomo Insurance News

Governor announces the launch of new health insurance pilot program New York Governor Andrew Cuomo has announced a new pilot program that aims to provide college students with affordable health insurance coverage. The pilot program targets major universities with large numbers of students in attendance. Currently, four universities have been identified as participating in the health insurance pilot program. These institutions are Columbia University, Cornell University, New York University, and the University of Rochester. If the pilot program is successful, it may establish the framework for a future health insurance…

Looking into the health insurance industries across the United States

June 9, 2012April 30, 2013

The coverage mandate for the state has been placed under examination by the media. The health insurance mandate has been a central topic in the news lately, as the decision of the Supreme Court approaches and as it becomes more vital for the states to complete their required parts of the reform laws before the 2014 deadline, assuming that the law is not overturned. The San Francisco Chronicle, for example, has reported that Proposition 29 has narrowly passed, creating a $1 per pack tax increase on cigarettes, despite efforts by…

New York to build health insurance exchange after executive order is issued

April 13, 2012May 28, 2012 Marc

New York health insurance system gets the go ahead With the current fate of the federal Affordable Care Act unknown, many states have slowed down in making progress on complying with the law’s various provisions. One provision in particular concerns the establishment of health insurance exchanges in each state. These exchanges are meant to help lower the cost of health insurance coverage by increasing competition amongst insurers. The initiative has been somewhat popular amongst consumers and some insurance companies, but state lawmakers have been divided on the issue since the…

Freelancers Union to establish new insurance plans in New York, New Jersey, and Oregon

February 23, 2012 Nordstrom

The Freelancers Union, a non-profit organization that represents freelance workers, has received a $341 million loan from the U.S. government. The money will help the organization set up health insurance plans in three states. New York, New Jersey, and Oregon are the states where the plans will take root once they have been finalized. The plans are meant to compete with those that come from for-profit insurance companies and may help lower coverage rates by bringing in more competition to the markets. The Freelancers Union owns its own insurance company…

New York regulators to investigate insurer’s rate proposals for accuracy

February 16, 2012 Marc

As complaints regarding insurance rate hikes begin to weigh on regulators in New York, the state’s Financial Services Superintendent, Benjamin Lawsky, has announced a new investigation into the matter. Regulators will be investigating the data submitted by insurance companies to justify their premium increases. The goal is to determine the accuracy of the data that these insurers use. These investigations will work alongside the regular rate review process and insurers will not know when they will be investigated. Lawsky notes that any errors made by insurers in their requests for…