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Obamacare boosts health insurance coverage by 20 million

March 8, 2016March 6, 2016 G. Turner

President Obama health insurance Obamacare

President Barack Obama has announced that the uninsured rate among Americans has reached record lows. Obamacare has been a law for six years now, and during that time, 20 million people under the age of 65 have obtained some level of coverage, brining the rate of uninsured Americans down to a low that has never seen before in the country. The latest data from the Obama administration shows 2.4 million more people became insured since the fall. The speech was given by the president while he was in Milwaukee, where…

Donald Trump introduces plan to change health insurance in the US

March 8, 2016March 6, 2016 Logan B.

Trump unveils more information concerning his health care plan As the presidential campaign steams ahead in the United States, presidential hopeful Donald Trump has released new information about his health care plan. Trump has been an outspoken critic of the Affordable Care Act, saying that if he becomes president he will ensure that the health care reform law is fully repealed. The law has made health insurance coverage more accessible to millions of people in the United States, but critics of the Affordable Care Act claim that it is both…

Health insurance deductibles are on the rise in the United States

February 16, 2016February 13, 2016 Logan B.

cash money subsidy health insurance deductibles

Consumers are facing higher deductibles for their health care plans More people than ever before have been able to acquire health insurance coverage, particularly through exchange marketplaces, but they are beginning to encounter a problem they may not have expected: Growing deductibles. Deductibles for employer-sponsored coverage have grown by 67% since 2010, according to the Kaiser Family Foundation. HealthPocket, a health plan comparison site, shows that the average deductible for the least expensive coverage available through exchanges stands at $5,700 for 2016. Deductibles are higher for policies with low premiums…

12.7 million people enroll for health insurance coverage in the US

February 12, 2016February 11, 2016 S.Vagus

online health insurance technology exchange

HHS reports that more people signed up for insurance coverage in 2016 than they did in 2015 The Department of Health and Human Services has released data showing that 12.7 million people throughout the United States have enrolled for health insurance coverage through exchanges for 2016 coverage. Enrollment numbers surged during the last hours of the open enrollment period as consumers scrambled to acquire the health insurance policies they need to avoid a federal penalty. The open enrollment period seems to have been a success, ensuring that more people than…

President Obama seeks to make changes to controversial health insurance tax

February 11, 2016February 9, 2016 Nordstrom

obama health insurance tax news political

Obama to introduce changes to Cadillac tax with his 2017 budget plan President Barack Obama has plans to introduce changes to the controversial “Cadillac tax” that was approved in late 2015. Unlike the name suggests, the Cadillac tax has nothing to do with auto insurance. Instead, it is focused on health insurance, particularly plans that are sold in the private market. President Obama is set to introduce the changes he wishes to make to the tax when he announced his 2017 budget plan next week. Cadillac tax has been a…

Obamacare sees 12.7 million health insurance enrollments

February 9, 2016February 7, 2016 G. Turner

The federal and state exchanges have now surpassed the predictions made by the government. U.S. Health and Human Services Secretary Sylvia Burwell, has announced that the health insurance exchanges established through Obamacare have now enrolled approximately 12.7 million Americans, which means that this year’s predictions have been exceeded. The most recent open enrollment period came to a close at the end of January with strong results. The government first started offering individual health insurance subsidies under Obamacare in 2014 but, at the same time, it applies a penalty to the…

Health insurance premiums set to grow in Tennessee

February 3, 2016February 2, 2016 Marc

BlueCross Blue Shield intends to raise rates for 2017 coverage BlueCross BlueShield of Tennessee is preparing to request for additional rate hikes in the coming months. The company is the largest health insurance provider in the state and is looking to raise premiums in an effort to overcome financial losses. The insurer has estimated that it will have lost $150 million by providing insurance policies through exchange marketplaces. Exchanges were designed to make coverage more accessible, something which they managed to accomplish quite well. Insurers are fighting financial losses by…