Live Insurance News

Health and Human Services Secretary Tom Price resigns following spending criticism

October 2, 2017October 4, 2017 Logan B.

Huge pressure regarding massive spending on chartered flights causes Price to step down. Tom Price, Health and Human Services Secretary, has now resigned under massive pressure due to his high travel bills. Price accumulated at least $400,000 in travel expenses – primarily from chartered flights – which was in direct opposition to the Trump administration’s promise to “drain the swamp.” President Trump has been promising to reduce the corrupt and entitled capital in the government. Price had already been facing trouble from Trump for having been unsuccessful as Health and…

GOP health care vote abruptly cancelled as Trump didn’t have the support

March 24, 2017March 24, 2017 Julie Campbell

GOP tax plan health care vote - President Donald Trump Official Portrait

“We just pulled it,” said President Trump in a phone interview with the Washington Post. House Republican leaders suddenly cancelled the GOP health care vote and withdrew their rewrite of the law. A vote had been scheduled for 3:30 pm (ET) following dramatic attempts to gain support to pass the bill. On Thursday, it was already clear that there was inadequate support, but President Trump still scheduled a do-or-die vote for Friday. On Friday, the situation only worsened for the bill’s supporters as more Republicans leaned toward a “no” vote.…

Health care vote likely today after delay from Trump’s failure to find support

March 24, 2017March 23, 2017 Logan B.

Despite extensive efforts to encourage members to see his side, the president has yet to gain enough votes. House leaders postponed the health care vote that had been expected to occur on Thursday. The GOP’s intention had been to repeal the Affordable Care Act. Trump and his supporters worked diligently to address demands made from lawmakers who refused to support the overhaul bill. Despite considerable efforts, Trump was unable to convince enough of the lawmakers to make it pass. The House Republicans met behind closed doors late in the day…

Consumers are losing satisfaction with health insurance providers

November 20, 2015November 18, 2015 Marc

Satisfaction is falling among consumers with health insurance coverage in the US Consumer satisfaction in health insurance in the U.S. has gone down, according to a new report from the American Customer Satisfaction Index. Many of the country’s leading health insurance providers scored a 69 out of 100 in terms of consumer satisfaction. There are many reasons why consumers may be unsatisfied with their insurance providers, but the Affordable Care Act may not be something that has affected satisfaction among consumers in a significant way. The Affordable Care Act may…

Healthcare costs for individual patients are dropping

January 17, 2013April 30, 2013

Though medical spending is on the rise, the amount paid from consumer pockets is falling. According to data released regarding consumer driven national healthcare spending in 2011 – the most recent complete year that this information is available – while the total amount that is actually coming out of the patient’s pocket is shrinking. These new figures from the government show that Americans are paying less for their medical costs. This is the case, despite the fast growth of health insurance with high deductibles, and the increasing employee contributions to…