A number of states have indicated that they aren’t yet pushing ahead on their creation of the insurance exchanges that are required by the Obama Administration’s healthcare overhaul until the Supreme Court has made its decision regarding whether or not that element of the reform is overturned or repealed. The primary concern with this tactic, though, is that by that point, it may be too late to begin working on the insurance exchanges in order to have them in place by the deadline. The Obama Administration will be making the…
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Massachusetts insurance exchange awarded funds to help it fall in line with the Affordable Care Act
Massachusetts is currently one of the few states that has a working insurance exchange in place. The state’s online marketplace has been a boon for those looking for affordable health insurance policies but it does not comply with the standards established by the Affordable Care Act. Instead of requiring the state to scrap the project and start from scratch, the Centers for Medicare & Medicaid Services, and auxiliary arm of the Department of Health and Human Services, has awarded the state with funding to help legislators make necessary changes. He…
Read MoreCutting individual insurance mandate could have dire consequences for health care, says RAND
A new study from the RAND Corporation, a non-profit institution that provides research and analysis for various political endeavors, suggests that axing the mandatory health insurance provision from the Affordable Care Act could be a costly mistake. The health care law has generated a large amount of controversy for its various provisions that introduce dramatic changes to the nation’s tax, insurance and medical services structure. None of these provisions have been quite as contentious as the health insurance mandate. The mandate, and the law as a whole, will be heading…
Read MoreWill the healthcare overhaul be capable of keeping its promises of affordability?
The entire design of the healthcare reforms has been intended to make sure that Americans will be able to have access to an improved level of health care, but at an affordable price. What individuals are waiting to discover is whether or not it will be able to live up to its promises. The reason that this new healthcare system design was chosen was to make it significantly more efficient, so that its focus would be placed primarily on the patient’s health and the outcomes that are achieved, instead of…
Read MoreVermont to begin working toward a health insurance exchange by the end of the year
Vermont lawmakers are expected to determine how the state will build its own health insurance exchange system by the end of this year. The state has been sluggish in its efforts to build an exchange due to some uncertainty and lack of guidance from the federal government. The Department of Health and Human Services, the agency that oversees the exchange effort throughout the country, has granted states with enough flexibility to establish an exchange in a way they see fit. Vermont’s slow pace may put the exchange effort at risk…
Read MoreFinal simplification rules for insurance policies issued by the Obama administration this week
The Obama administration has issued the final rules regarding how insurance companies will make policies easier to understand this week. The government has been working on the rules since the passing of the Affordable Care Act in 2010. The endeavor aims to make the language of insurance policies more clear and straightforward. There have been some delays in the initiative as insurance groups asserted that some policies could not be simplified because they did not cover simple circumstances. Nonetheless, the final rules have been issued this week, requiring all insurers…
Read MoreIdaho 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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