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Aetna leaves prominent health insurance trade group

January 13, 2016January 12, 2016 S.Vagus

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Aetna will no longer be part of America’s Health Insurance Plan Aetna, one of the largest insurers in the United States, has left the health insurance industry’s largest trade group. This has raised concerns among critics of the Affordable Care Act, who claim that as more insurers leave the trade group, the federal law may be in jeopardy. Aetna is the second large insurer to leave the America’s Health Insurance Plans group, which was a major supporter of the Affordable Care Act as it was being drafted. Trade group is…

Health insurance enrollments remain low among young adults

January 12, 2016January 10, 2016 H. Cutner

The Affordable Care Act needs younger and healthier consumers to sign up to offset costs from older policyholders. As much as the Affordable Care Act has seen a considerable growth in the number of uninsured people who have been signing up for health insurance through the exchange websites, there is one considerable area of struggle that it has been facing in terms of sign-ups: young adults. This problem isn’t a minor one, as the ACA had been relying on healthy people to offset the expenses of the sick. As young…

Growth of health insurance in the US stalled in 2015

January 11, 2016January 10, 2016 S.Vagus

Efforts to reduce the country’s uninsured population began to slow significantly in 2015 Health insurance has expanded in the United States, with the Obama Administration noting that some 11.3 million people have enrolled for coverage through exchanges throughout the country. Efforts to reduce the country’s uninsured population may not be going smoothly, however. The recent Gallup-Healthways Well-Being Index found that reducing the uninsured rate among adults stalled in 2015. This has raised concerns that the Affordable Care Act may not be having the impact that President Barack Obama had intended.…

Texas health insurance exchange continues to build enrollees

January 5, 2016January 3, 2016 H. Cutner

In the second last week of December, the number of people who signed up in the state rose by 56,000. Texans have recently started to flock to the Texas health insurance exchange and have been signing up for plans that will allow them to comply with the Affordable Care Act’s individual mandate, raising the numbers by a massive 56,000 people within the second last week of December alone. The total number of people who have enrolled in the state has reached just short of 1.1 million. These figures were released…

Federal health insurance exchanges break previous enrollment records

December 21, 2015December 20, 2015 G. Turner

According to President Obama’s recent announcement, the marketplaces have seen 6 million applications. At the close of last week, President Obama announced that there had already been almost 6 million enrollments in the federal health exchanges in order to purchase coverage through health plans that would be effective in 2016. Officials from the Obama administration believe that this trend is a true indicator of the success of the Affordable Care Act. Analysts had expressed some worry over increased deductibles and premiums. They were concerned that this might present a barrier…

New Yorkers have more time to enroll in state’s health insurance exchange

December 18, 2015December 16, 2015 S.Vagus

State extends enrollment deadline to ensure more people have the insurance coverage they need Those living in New York will have more time to purchase health insurance coverage through the state’s exchange in order to ensure that they are covered on January 1, 2016. The New York State of Health is eager to see more consumers enroll for coverage and avoid facing a federal fine associated with being uninsured. With the enrollment activity that the state’s insurance exchange has been experiencing this month, state officials are hoping that the extended…

Penalties for those without health insurance are on the rise

December 17, 2015December 16, 2015 Nordstrom

Federal fines will be placing more pressure on uninsured consumers next year Health insurance premiums for those seeking coverage through exchanges in the United States are growing next year. For many consumers, higher costs may discourage them from actually keeping their coverage due to financial pressure. If they go without coverage, however, they will face penalties from the federal government. Next year, those penalties will be more costly, as they are designed to serve as an incentive to encourage consumers to purchase health insurance coverage. Report shows that the average…