Tag: Blue Cross Blue Shield

Study shows health insurance rates are rising at slow pace

S.Vagus
Health Insurance rate increases

Blue Cross Blue Shield report highlights state of health insurance rates in Michigan Michigan’s Blue Cross Blue Shield has released a new study concerning the pace at which health insurance rates are rising in the state. In Michigan, and many other states in the U.S., health insurance rates are on the rise. Some claim that this is due to the federal health care law that has caused a somewhat dramatic shift in regulations. Many insurers claim that rates are only rising to account for the cost of medical care. Whatever…

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Blue Cross Blue Shield difficult to work with, according to survey

Nordstrom
insurance news

Survey highlights tension between insurer and health care providers A national survey of hospital leaders has found that the Blue Cross Blue Shield insurance group is considered one of the most difficult to work with. The survey was conducted by ReviveHealth, a research organization that was hired by the Medical College of Georgia Hospital and Clinics (MCG). The survey suggests that the relationship between the insurance group and many of the country’s health care professionals and systems is strained at best. This tension could be causing significant problems, which are…

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Report: Arizona consumers to receive health insurance rebates

Marc
Homeowners Insurance in Florida

Affordable Care Act brings refunds to Arizona The future of the Affordable Care Act may be uncertain, but for now it is bringing some degree of financial benefit to consumers throughout the country. A new report from Consumers Union, a non-profit testing and information organization shows that Arizona insurance consumers can expect to see refunds this year, thanks to the health care law’s medical loss ratio (MLR) provision. According to this provision, health insurers are required to spend no less than 80% of the money they collect from premiums toward…

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California pushes for insurance exchange despite fate of Affordable Care Act

S.Vagus

California health insurance news update California seems to be moving ahead with its plans to build a health insurance exchange despite the current controversy surrounding the Affordable Care Act. The federal health care law is currently awaiting ruling from the Supreme Court after lengthy and uncomfortable litigation last month. Speculation suggests that the Court may rule the law as unconstitutional, or at least a part of which, which means that states would no longer be required to build insurance exchanges. California lawmakers are well aware of the possibility that the…

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Audit puts Illinois lawmakers in hot water with the state’s insurance companies

S.Vagus

Illinois lawmakers and insurers are coming under fire for an insurance deal that was brokered last year. A new report released this week from the state’s Auditor General, William Holland, has highlighted some serious problems with the insurance deal the state made with Blue Cross Blue Shield. The deal saw more than $7 billion worth of insurance policies held by state employees transferred to the major insurance company. One of the problems is that many of the policyholders caught up in the plan lived in one of 24 counties where…

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Idaho insurers will be able to participate in federally-run insurance exchange

In Idaho, the issue of a health insurance exchange has been a controversial one since the Affordable Care Act was passed in 2010. State lawmakers have been divided on the issue primarily due to their uncertainty about whether or not the state’s insurance companies could participate in the exchange program. Legislators had been concerned that if they chose not to build an exchange and allow the federal government to do it for them that the exchange would only be populated by large insurance corporations such as Blue Cross Blue Shield.…

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Michigan losses fight for medical loss ratio exemption. Consumer could get as much as $89 million in rebates next year

Michigan lawmakers have failed to obtain an exemption from the federal government regarding the new medical loss ratio provision of the Affordable Care Act. The provision requires the state’s health insurers to pay no less than 80% of the money they collect from premiums on improving medical care. If insurers cannot meet this standard, they must return the money to policyholders. Legislators in Michigan have been fighting for an exemption, but federal legislators denied the effort early this week. According to state regulators, consumers may be eligible for $89 million…

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