Live Insurance News

Health insurance premiums set to grow in Tennessee

February 3, 2016February 2, 2016 Marc

BlueCross Blue Shield intends to raise rates for 2017 coverage BlueCross BlueShield of Tennessee is preparing to request for additional rate hikes in the coming months. The company is the largest health insurance provider in the state and is looking to raise premiums in an effort to overcome financial losses. The insurer has estimated that it will have lost $150 million by providing insurance policies through exchange marketplaces. Exchanges were designed to make coverage more accessible, something which they managed to accomplish quite well. Insurers are fighting financial losses by…

State seeks more information on growing health insurance premiums

January 14, 2016January 13, 2016 Logan B.

Senator calls for Tennessee Insurance Commissioner Julie McPeak to testify before legislative committee Tennessee Senator Mark Green has submitted a request to the state’s Insurance Commissioner, Julie McPeak, to testify before a legislative committee concerning increasing health insurance premiums. Premiums on coverage provided through the state’s insurance exchange, which is operated by the federal government, have grown in 2016, and this has become a concern for many consumers living in the state. Some lawmakers are eager to determine why premiums have been growing aggressively. State officials aim to find more…

Tennessee health insurance co-op faces complaints from consumers

December 4, 2015December 3, 2015 Marc

Tennessee consumers are having problems with the state’s health insurance co-op, Community Health Alliance Tennessee’s Community Health Alliance, a health insurance co-op operating in the state, has become the subject of complaints being issued to the Tennessee Department of Commerce and Insurance. Now, the state agency is looking to hear from more people that may have had problems with the co-op in an effort to determine how outstanding problems can be resolved. At the end of the year, the co-op is expected to shut down, which will leave some 27,000…

New health insurance model to be tested in seven states

September 4, 2015September 2, 2015 S.Vagus

CMS announces that a new health insurance model will be tested to reduce the cost of medical care A new health insurance model is set to be tested in the United States, according to an announcement made by the Centers for Medicare & Medicaid Service (CMS). The model was designed to improve medical care while also cutting costs and the concept behind the model was designed over the course of 10 years at the University of Michigan. Called the Medicare Advantage Value-Based Insurance Design Model, the program is meant to…

Health insurance premiums continue to grow in the US

July 9, 2015July 7, 2015 Nordstrom

Insurers are looking to raise rates on coverage being offered in 2016 Many of the country’s largest health insurance companies are looking to raise rates for the coverage they will provide in 2016. These insurers are seeking rate increases on policies provided through health insurance exchanges, and in some cases rates could go up by more than 40%. Blue Cross and Blue Shield is one of the insurers looking to raise premiums. For those living in Minnesota, coverage provided by the insurer could become significantly more expensive. Blue Cross and…

Health insurance initiative struck down in Tennessee

April 6, 2015April 5, 2015 S.Vagus

Insure Tennessee fails to win the approval of a Senate committee Insure Tennessee, an initiative that would have expanded access to health insurance in Tennessee, has failed to meet approval of a Senate committee for the second time. The initiative was meant to expand the state’s Medicaid program, which would have brought insurance coverage to some 280,000 people living in the state. Insure Tennessee was the endeavor of Governor Bill Haslam, who has been seeking to expand Medicaid in the state for some time. Initiative was unable to gain legislative…

Lawmakers seek to address Tennessee’s health insurance program

February 5, 2015February 5, 2015 Logan B.

Special legislative session focused on Insure Tennessee is underway Lawmakers in Tennessee have begun a special legislative session in order to determine the future of Insure Tennessee, the state’s Medicaid program. Tennessee Governor Bill Haslam suggests that the current health care system is not working, which could be leaving many people without the medical care that they need. The Governor introduced a plan concerning the state’s health insurance program and the health care market as a whole before the beginning of the special legislative session. Governor seeks to reform Medicaid…