Wisconsin Governor Scott Walker has announced that the state will put a halt to its plans to form a health insurance exchange for the time being. Governor Walker claims that further work on an exchange program would be a waste of time if the Supreme Court declares the federal Affordable Care Act unconstitutional. The law requires all states to build a health insurance exchange by 2014. If states fail to meet the deadline, the federal government will take charge and build one itself. Governor Walker’s halting of the program could…
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Wisconsin to seek waiver from controversial Affordable Care Act measure
Wisconsin is seeking to obtain a waiver from the federal government that would provide the state’s insurance companies with immunity against a new health care law that would require them to pay at least 80% of the money collected from premiums on medical care. The law is part of the controversial Affordable Care Act, which, as a whole, has been met with varying degrees of opposition from the nation’s insurance industry and legislators. Governor Scott Walker claims that the waiver is necessary for insurers to remain competitive, and hopes to…
Read MoreWisconsin insurance regulators seek 80 percent rule exemption
Insurance regulators for the state of Wisconsin have expressed their worry over the impact of a new federal rule, which may make it impossible for some health insurance companies from being capable of providing coverage to individuals who purchase their own health coverage as opposed to receiving it through their employers. In Wisconsin, the insurance commissioner’s office has made a request to federal officials to gradually ease into their new rule, which would necessitate that health insurance companies spend at least 80 percent of the premiums they collect on actual…
Read MoreStudy finds that health care reform will bring more insurance coverage to many, but at higher cost
Last year’s health care overhaul continues to be the most controversial legislations passed championed by the current administration. Confronted with concerns that the nations health care system was unbalanced and on the verge of cataclysmic collapse, President Obama and his compatriots sought to make changes that would improve the system overall. Though the health care reform aims to increase the number of people that have access to insurance coverage, how such a feat will be accomplished remains something of a mystery. Last year, soon after the notorious Affordable Care Act…
Read MoreMedica gets ahead start on the digital insurance market
Medica, a health organization that provides insurance to Wisconsin and Minnesota, has announced plans to launch a new plan for businesses that will give them an opportunity to rein in soaring medical costs. The new plan will also allow policyholders more freedom in tailoring their plans to better suit their needs. The plan, however, will be more expensive than its counterparts, a fact that does not sit well with some consumers who say the last thing people need in a troubled economy is more expensive coverage options. The insurer has…
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