Health insurance companies announce plan to keep rates stable Three of Arkansas’ largest health insurance companies have announced that they will keep rates for individual policyholders steady through the first year of the Affordable Care Act. The federal health care law has raised many concerns regarding the growing costs of health insurance coverage. Many people believe that the law will cause rates to spike in the individual and group markets and these concerns are often stoked by insurance providers. In many states, however, rates are expected to increase by a…
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Health insurance exchange in Arkansas draws attention of 4 insurers
Four companies have now expressed their interest in selling policies over the state’s online marketplace. The Arkansas Insurance Department has announced that there are now four health insurance companies that intend to be able to sell their policies over the state’s exchange, which is expected to serve over 500,000 residents. The department said that the insurers submitted their letters by the deadline, which was last Monday. The department explained that the health insurance companies each met the deadline in order to indicate their interest in participating in the Arkansas exchange,…
Read MoreHealth insurance alternative becomes law in Arkansas
Arkansas health insurance law provides alternative to expansion of Medicaid program The Affordable Care Act has seen no shortage of controversy and challenge in the U.S. While some states have worked to unseat the federal law, despite it being upheld by the Supreme Court, Arkansas has been one of the few that has been working for alternatives regarding the provisions outlined in the law. Earlier this year, Arkansas began developing a plan to support its private health insurance exchanges as a suitable alternative to expanding its Medicaid program that would…
Read MoreHealth insurance proposal in Arkansas receives its approval from the House
The bill had previously struggled but has now passed to support the purchase of coverage for low income residents. A proposal faced by the House in Arkansas that would use money that would otherwise have been designated for Medicaid, to purchase private health insurance for residents of the state in the lower income brackets has now been passed. The hope is that it will assist in the overall efforts that are being made for healthcare reform in the state. Other states with Republican led legislatures have been closely watching the…
Read MoreHealth insurance measure in Arkansas failed to pass
The state House did not move forward a proposal to use Medicaid funds to purchase private policies. A proposal in Arkansas faced the House but failed to pass as it proposed to use Medicaid money in order to purchase private health insurance to provide coverage to residents of the state within the lower income brackets. The legislation fell short of the votes that it would have required in order to obtain approval. According to an Arkansas House of Representatives spokesperson, Cecillea Pond-Mayo, there were 75 votes that would have been…
Read MoreHealth insurance expansion backed by Arkansas legislators
The Republican leaders of the House and the Senate in the state have supported the proposal. In Arkansas, the Republican leaders of both the House and the Senate have given their backing to a proposal that would buy private health insurance for thousands of residents of the state who are workers within lower income brackets. This purchase would be made using federal funds to help to ensure more wide scale affordable coverage. This is the latest idea being considered by lawmakers in Arkansas as an alternative to increasing the enrollment…
Read MoreArkansas teams with HHS to expand private health insurance exchanges
Health insurance continues to cause controversy in the US Health care reform continues to be a controversial topic throughout the U.S. Many states have chosen to oppose the federal Affordable Care Act, despite the law being upheld by the Supreme Court in 2012. While some states oppose the law as a whole, many others oppose only specific provisions of the law, which has lead some political leaders to take innovative action on the matter in order to ensure that the law is able to provide the benefits to consumers as…
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