Employees at the Indiana University can expect to start paying more for their health insurance next year. According to Neil Theobald, vice presidents and chief financial officer of the university, the school is unable to keep up with the pace at which insurance rates are being increased. The university is unwilling to cut health care benefits for its staff, so has introduced a new initiative that has earned some controversy. Next year, the cost of health insurance for university employees will be based upon how much they earn, as well…
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Market stability placates insurance rates, protects from wild increases, say analysts
As insurers begin to feel the weight of the Affordable Care Act, speculation abounds that suggests insurance companies may be raising their rates to offset the effects of the law. Indeed, health insurers throughout the nation have been raising rates, but most claim that higher premiums are being spurred by soaring medical costs and nothing more. Analysts from research firm Avalere Health say that rates should be rising much faster than they are now, yet the insurance industry confounds this estimation. The reason insurance rates are not soaring out of…
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