Massachusetts insurance refunds will total $15 million

Massachusetts Health Insurance

Consumers in the state will be issued the rebates in some form by August 1 by their insurers. According to the latest data from the U.S. Department of Health and Human Services, Massachusetts insurance customers who purchased or renewed their health plans in 2013 were able to save $4.1 billion on their premiums, that year. This year, the health care reform will bring over $15 million in refunds to those same consumers. The Massachusetts insurance rebates will be the second largest among all of the states in the country. The…

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Healthcare overhaul to bring health insurance to approximately 2.5 million more young adults

A new rule in the healthcare reform has made it possible for many young Americans to maintain their coverage under their parents’ plans, which will allow an additional 2.5 million people who are 25 years old or younger to be insured. According to the Centers for Disease Control and Prevention (CDC), there was an increase in the percentage of insured individuals between the ages of 19 and 25 from 64 percent in June 2010 to 73 percent in September 2010. This rise is credited to the coverage provision of the…

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Healthcare work force receives $1 billion from Obama administration to boost its size

The Obama administration has announced that it will be offering a grant program worth $1 billion to provide medical organizations with the opportunity to hire, train, and implementation of new workers. According to an announcement from the administration, the grant program has been named the Health Care Innovation Challenge and has been created in order to discover “the most compelling new ideas to deliver better health, improved care and lower costs to people enrolled in Medicare, Medicaid and the Children’s Health Insurance Program.” Secretary of Health and Human Services, Kathleen…

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