Live Insurance News

US sets health insurance enrollment record for Affordable Care Act plans

January 12, 2024January 11, 2024 Logan B.

Health insurance - ACA enrollment record

This year’s open enrollment period has already broken previous records for the number of enrollments. So far, over 20 million consumers across the United States have enrolled in health insurance plans through Affordable Care Act (ACA) marketplaces this year. This represents the highest number of enrollments since the law went into effect back in 2010. New data was released on Wednesday announcing that the health insurance plan enrollments for 2024 had already broken the record, even with another week left in which to enroll in a plan for the year.…

Why are many people looking to long term care insurance again in 2024

January 11, 2024January 10, 2024 Nordstrom

Consumers have been drifting away from this costly coverage in recent years but are looking into it again. Long term care insurance is a type of coverage that many people have been abandoning in recent years due to the skyrocketing cost associated with keeping it up. That said, this year, consumers are starting to inquire about it once more, which many people hadn’t expected in the current economy. There are many reasons that consumers are wondering if this type of policy has value after all. Within the current economy, many…

Many kids in the US don’t have health insurance or are underinsured

January 4, 2024January 3, 2024 Marc

A recent study showed that children across the country have inconsistent medical coverage. Kids with public health insurance in the United States are experiencing greater rates of inconsistent coverage, though lower rates of underinsurance when compared to those covered on the private market, said a recent study published in the JAMA Health Forum. The results of the study were based on an analysis of data from 203,691 children in the US. The health insurance research was conducted by a team from Columbia University Mailman School of Public Health under Jamie…

All undocumented immigrants in California offered health insurance

January 3, 2024January 2, 2024 Logan B.

This makes California the first state in the country to implement such a regulation. California has become the first state in the country to offer health insurance to all undocumented immigrants. The coverage is available as of January 1 and represents a first anywhere in the country. Beginning this year, all undocumented immigrants in California will be able to qualify for Medi-Cal, which is the state’s version of the health insurance. This is true regardless of the age of the individual. Until last year, undocumented immigrants could not qualify to…

Number of Pennsylvania kids without health insurance rose by 19,000 last year

December 21, 2023December 21, 2023 Marc

Pennsylvania Health insurance - Kids in shadow reaching for sky

From 2021 to 2022, the uninsured rate among children in the state saw a sharp spike. Pennsylvania is among only three states in the country in which the percentage of children without health insurance rose from 2021 to 2022. The data was released by the Pennsylvania Partnerships for Children in a report on the subject. The data doesn’t appear all that worrying at first glance. The increase in kids without health insurance rose by 4.4 percent in 2021 and by 5.2 percent in 2022. That said, that small shift in…

Cigna insurance company ends its Humana acquisition intentions

December 15, 2023December 14, 2023 Logan B.

Insurance Company - Acquisition Cancelled

The insurer is now developing a $10 billion share buyback plan after a failure to agree on a price. Health insurance company Cigna has ceased its pursuit of a negotiation for acquisition of its rival insurer Humana. The company left its efforts when the two insurers were unable to agree on price. Cigna announced that it is working on plans for buying back $10 billion worth of shares. The health insurance company resulting from an acquisition of Humana by Cigna would have resulted in an insurer with an estimated value…

Millions of people abandon the Chinese health insurance system

December 13, 2023December 15, 2023 G. Turner

Health Insurance - Chinese Flag - Heart and stethoscope

The state program has already lost tens of millions of plan members, and the trend is continuing. The state health insurance system in China is bleeding plan members as tens of millions of them have left the coverage, citing higher costs as a primary reason. The expense associated with the coverage is increasingly viewed as unaffordable for many people in China. While the Chinese health insurance system was already too expensive for many people in China who continue to struggle within the economic downturn that has followed the pandemic, increasing…