Live Insurance News

US Health and Life Insurance in the Next 5 Years

January 30, 2013April 14, 2014 Guest Author

Taking out life insurance is an important decision that provides your beneficiary with a benefit at the moment of your death. However, when it comes to thinking of the future, health care is a factor that does not only contribute to your wellness, but that will be connected to changes in life insurance terms now that the Obama administration is moving forward with the health care law. The health care law that presumes to provide equal opportunities to all American citizens to receive medical attention and get insured regardless if…

Affordable Care Act making progress in getting insurance coverage to people with pre-existing conditions

February 27, 2012January 24, 2014 Nordstrom

The Obama administration is claiming that the Affordable Care Act had reached a milestone last week. According to Kathleen Sebelius, Secretary of the Department of Health and Human Services, that nearly 50,000 people with pre-existing medical conditions have received health insurance through programs that were set up by the federal law. While this may be a significant accomplishment, many of the law’s critics claim that 50,000 is just a drop in the bucket, considering more than 25 million people with pre-existing conditions still do not have insurance of any kind.…

High-risk health insurance pool in Colorado asks federal government for almost $15 million more in funding

January 17, 2012January 17, 2012 Julie Campbell

After experiencing claims that have now totaled twice the average for the country, the struggling high-risk health insurance pool in Colorado has now asked the federal government for additional funding of almost $15 million more than originally anticipated. Colorado has already received $90 from a total pool of $5 billion in federal money for assistance in carrying out an element of the country’s healthcare reform which involved insuring high-risk uninsurable individuals. The funds were meant to hold out until the insurance regulations are fully in place in 2014, at which…

Problems with Ohio’s high-risk insurance pool bode ill for residents with chronic ailments

September 12, 2011May 8, 2013

Last year, Ohio legislators approved a plan to establish a high-risk insurance pool in the state in order to appease new federal health care laws. The program was meant to attract residents who have had trouble obtaining insurance coverage in the past due to high-risk illnesses or chronic conditions. With more than 1,800 people currently enrolled in the plan, legislators are now seeing higher-than-expected costs in keeping the program afloat. In an attempt to mitigate the rising costs of the program, legislators have now limited enrollment. The program was meant…

Low enrollment in federal insurance program spurs a drop in premiums

August 4, 2011August 4, 2011 S.Vagus

Earlier this year, the federal government expanded the eligibility of a federal health insurance program to include those with preexisting conditions. The initiative was originally slated to take effect in 2014, along with the rest of the Affordable Care Act, but the Department of Health and Human Services enacted the new rules in an effort to ensure more people were receiving health insurance. The program, however, has been fraught with low enrollment, spurring the HHS to lower premiums by an average of 18% throughout the nation. The HHS hopes that…