Insurance company sues California commissioner

unitedhealth health insurance company

UnitedHealth Group has now filed a lawsuit with the intention of blocking a fine of $173 million. In order to try to stop itself from having to pay a $173.6 million fine as a result of an acquisition that went awry, the UnitedHealth Group insurance company has now sued the California insurance commissioner. The filing of the lawsuit was at the Orange County Superior Court near the end of last week. According to the insurance company, which is headquartered in Minnesota, the California commissioner, Dave Jones, is doing little more…

Read More

Three large insurers opt out of California health insurance exchange

Health Insurance company merger Aetna

Health insurance companies choose to opt out of exchange program California’s health insurance exchange, called Covered California, is beginning to take shape as it inches closer to becoming fully active at the end of this year. The exchange has been accepting policy applications from numerous health insurance companies throughout the state, all of which seem eager to participate in the exchange system. Three of the state’s largest insurers, however, have decided to opt out of the exchange program, at least for the first year of its operation. Decision could limit…

Read More

Loophole could help health insurance companies avoid Affordable Care Act

Health Insurance book report law

Health insurance companies may find major benefit in loophole in federal law Health insurance companies throughout the U.S. have been working to find ways to avoid the costly implications associated with the federal Affordable Care Act. There are several provisions associated with the federal law that are expected to have a major impact on the cost of health insurance coverage, largely due to the fact that these provisions institute more regulations on insurers. Some health insurance companies seem to have found a possible way to avoid complying with the federal…

Read More

Health insurance giant sees massive spike in quarterly profits

Financial Insurance News

UnitedHealth has announced its Q3 results with a tremendous jump of 23 percent. The largest health insurance company in the United States, UnitedHealth Group Inc. has released a statement of its third quarter earnings, and has shown that the strength of its Medicaid and Medicare business growth has led to a boost of 23 percent in its profits. The report also indicated that the overall medical claims costs appeared to be primarily as predicted. The health insurance company, which is based in Minnetonka, Minnesota, has now increased its forecasts for…

Read More

Three large health insurers decide to uphold health care reform provisions despite fate of Affordable Care Act

Florida Health Insurance

Insurers rally to support provisions of Affordable Care Act The future of health care reform currently resides in the hands of the Justices of the U.S. Supreme Court. The Court is expected to levy a judgment as to whether the Affordable Care Act is constitutional or not this month, which is expected to have a major impact on the state of the country’s health insurance industry and health care reform initiatives. Many consumers have expressed disdain for the law because of a provision concerning mandatory health insurance. The law holds…

Read More