Live Insurance News

California health insurance exchange sparks controversy

October 16, 2014October 13, 2014 S.Vagus

Covered California awards $184 million in contracts to organizations associated with executive director California’s health insurance exchange, called Covered California, has sparked some controversy this week. According to records obtained by the Associated Press through the state’s Public Records Act, some $184 million in no-bid contracts have been awarded to numerous organizations throughout the state. This is controversial because these contracts were awarded without the competitive bidding and oversight process that is common in the state government. Some of the deals awarded have sent millions of dollars to organizations that…

Covered California wins additional funding from federal government

January 22, 2013January 22, 2013 Nordstrom

Covered California receives $674 million grant The California health insurance exchange, which is called Covered California, has been awarded an additional $674 million in funds from the federal government. The funds will help with the development and launch of Covered California, as well as power the marketing campaign that will promote the health insurance exchange. The funds will be issued to the state over the next two years, with part of this grant to be used after Covered California officially begins operation in 2014. Funds to be used to market…

California health care reform moves on

November 10, 2012 Marc

Obama victory adds momentum to California heatlh care reform efforts President Obama has won a second term, and this may be good news for California lawmakers who are eager to institute the next phase of their California health care reform plans. California is one of several states that has been making quick and decisive progress on complying with the Affordable Care Act. The state was the first in the country to pass laws concerning the establishment of its own health insurance exchange, and now lawmakers are looking to take advantage…

California pushes for insurance exchange despite fate of Affordable Care Act

April 7, 2012April 6, 2012 S.Vagus

California health insurance news update California seems to be moving ahead with its plans to build a health insurance exchange despite the current controversy surrounding the Affordable Care Act. The federal health care law is currently awaiting ruling from the Supreme Court after lengthy and uncomfortable litigation last month. Speculation suggests that the Court may rule the law as unconstitutional, or at least a part of which, which means that states would no longer be required to build insurance exchanges. California lawmakers are well aware of the possibility that the…