Loophole formed within the Affordable Care Act President Obama has vowed to resolve the issues that have beleaguered the federal insurance exchange network, which was established by the Affordable Care Act. In what some are calling the first major step to actualize this vow, the President has opened up a new legislative loophole in the federal law. This loophole will allow some people to be exempt from financial penalties imposed by the federal law on those that do not have active health insurance coverage beginning on January 1, 2014. Financial…
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Affordable Care Act may not be the cause of rising health insurance costs
Research discovers that federal law may not be causing premium spikes It has become common for the Affordable Care Act to be blamed for rising health insurance costs in the U.S., but the federal law may not actually be the problem. According to a new analysis from the Commonwealth Fund, an organization that conducts independent research on health policy, the Affordable Care Act actually has a relatively modest impact on insurance costs. The organization has analyzed the reasons that insurance companies provide to regulators when they are seeking rate increases…
Read MoreHealth insurance exchanges may fall short on enrollment
Exchanges continue to struggle with technical problems Ongoing problems with the federal insurance exchange network in the U.S. may mean that the enrollment goals for HealthCare.gov may be impossible to meet. Exchanges throughout the country began operation on October 1, 2013, but relatively few people have been able to apply for coverage through exchanges managed by the federal government. Severe technical issues crippled HealthCare.gov in its early weeks, making it impossible for many people to apply for health insurance coverage through the federal exchange network. Agency lowers estimates concerning enrollment…
Read MoreSurvey highlights consumer interest in health insurance coverage
Some consumers may opt for fines rather than insurance Princeton Survey Research Associates has released the results of a new survey that suggests many people may be willing to pay fines rather than purchase health insurance coverage in the U.S. According to federal law, all U.S. citizens must have active health insurance policies beginning on January 1, 2014. Those failing to meet this requirement could face fines that could be as much as 1% of a person’s annual income. While the law is meant to institute financial penalties in January…
Read MoreHealth insurance problems could cause coverage shortfalls
Glitches may mean that certain insurance policies will not become active as scheduled The U.S. Centers for Medicare and Medicaid Services has announced that many people that have signed up for health insurance coverage through the federal HealthCare.gov portal may not actually be covered when the New Year starts. People throughout the U.S. have been trying to sign up for coverage through the federal insurance exchange but have been unable to due to technical problems. While the federal government is busy working to resolve these issues, those that did manage…
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