Study shows employer-sponsored health insurance is becoming more costly, maybe due to federal insurance mandate

A new study from the Kaiser Family Foundation, a non-profit health care organization, has uncovered a startling trend concerning the cost of employer-sponsored health insurance. The study shows that the cost of health insurance for employers has been rising at a rapid pace this year, which runs contrary to reports citing moderate increases to insurance rates. Exactly why rates are currently soaring to new heights is unknown, but researchers from the foundation speculate that it may be due to the federal insurance mandate which requires all people to have health…

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Health insurance industry begins showing support for presidential candidates

The health insurance industry is beginning to show tentative support for political candidates in the upcoming election season, according to research from the Center for Responsive Politics, a non-profit political research group. The two candidates receiving this support are Republican Mitt Romney and President Barack Obama – the only candidates to have shown support for a health insurance mandate. Such mandates stand to benefit the health insurance industry and throwing support behind the candidate with the most popular health care policy may prove to be lucrative in the future. Health…

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American Medical Association gives the health insurance industry a poor grade in new report

The American Medical Association has announced disturbing finding regarding the nation’s health insurance companies. The AMA has released their latest National Health Insurer Report Card, which is a report that informs both the public and the health care industry about the accuracy insurance claims processing. Last year, the report found that nearly one in five of claims received by insurers had been processed incorrectly. The AMA had hoped that their report would spur health insurer to make changes to how they process claims. The latest report, however, shows that little…

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