Tag: Centers for Medicare and Medicaid Services

Health insurance and medication is growing more expensive in the US

S.Vagus
health insurance drug medical

Health care costs saw significant growth in 2014 Health care costs saw significant growth in 2014, according to the Centers for Medicare and Medicaid Services. The federal agency has noted that health care expenditures are accelerating, with consumers and businesses spending a great deal of money on insurance coverage. As costs continue to grow, consumers are beginning to feel significant financial pressure. Finding a way to reduce health insurance costs is beginning to become a priority for the country, but an effective solution has yet to be found. Centers for…

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Health insurance companies in Arkansas owe $7.1 million in rebates

S.Vagus
Health insurance plan

Insurers are finding it difficult to comply with a provision of the Affordable Care Act Arkansas businesses and consumers are owed a great deal of money from the state’s health insurance companies. According to the Centers for Medicare and Medicaid Services, these companies collected too much in premiums last year and are now required by federal law to reimburse consumers and businesses. Per the Affordable Care Act, insurers are required to spend no less than 80% of the money they collect from premiums on medical care, something that some insurers…

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Moda to exit Washington health insurance market

Logan B.
seattle washington health insurance rates industry

Moda Health will leave the Washington insurance market, including the state’s exchange Moda Health, a prominent health insurance provider, has announced that it will be leaving Washington’s insurance exchange. The insurer provides coverage to some 47,000 consumers through the state’s exchange and many of these people may have to find coverage elsewhere in 2016. Enrollment for the state’s exchange begins in November, but consumers will no longer be able to find plans from Moda, as the insurers is focusing on other markets following some shortfalls in Washington and other states…

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Montana is working to expand its health insurance program

S.Vagus
montana Health insurance

Montana opens public comment period for Medicaid expansion Federal officials are taking public comment in Montana concerning the expansion of Medicaid coverage. The state is currently working on expanding Medicaid coverage to some 70,000 low-income residents. The comment period is set to run through October 15, according to the Centers for Medicare and Medicaid Services. Expanding the state’s health insurance program has been a hard battle, as state lawmakers have resisted expanding the program due such an action’s association with the Affordable Care Act. State has already outlined plans to…

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Special enrollment period open for those without health insurance coverage

S.Vagus
health insurance enrollment

Those without insurance could find coverage through federal exchanges through new enrollment period A special enrollment period will be open for those without health insurance coverage in the United States. The enrollment period is meant for those that have recently discovered that they will be subject to financial penalties for being uninsured. The Centers for Medicare and Medicaid Services cited a recent survey that found as many as 40% of uninsured people were unaware of federal penalties for lacking coverage. The special enrollment period could help solve this problem. Special…

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Health insurance exchanges are performing well throughout the country

Marc
Health Insurance exchange

HHS information shows that 1.9 million new customers have been enrolled in federal exchanges The U.S. Department of Health and Human Services (HHS) has announced that this year’s open enrollment period is off to a good start. The federal agency, which is responsible for the deployment of the Affordable Care Act alongside the Centers for Medicare and Medicaid Services, has released information concerning enrollment throughout the country. As of December 19, 1.9 million new customers have enrolled for coverage in exchanges in 37 states. Another 4.5 million people have renewed…

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Health insurance enrollment is up throughout the US

Logan B.
health insurance enrollment

2.5 million people enroll for coverage through exchange An estimated 2.5 million new people have enrolled in health insurance exchanges throughout the United States, according to reports from the Centers for Medicare and Medicaid Services. The agency is responsible for managing the exchanges nationwide and has seen a significant increase in consumer activity over the past month. This year’s open enrollment period has, thus far, proven to be less turbulent than last year’s as exchanges have managed to avoid serious technical difficulties. Exchanges have managed to avoid the technical difficulties…

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