A new panel has been formed in Georgia to determine whether or not the state will benefit from creating a health insurance exchange. The panel is comprised of a group of legislators, health care experts and representatives of advocacy groups, all appointed by Governor Nathan Deal. The group will be tasked with examining how an exchange will impact small businesses in the state and if the program will reduce insurance prices as it promises to. Governor Deal asserts that no decision regarding whether the state should established an exchange should…
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Colorado on board with new health care reform changes
Colorado is taking steps to create a health insurance exchange as Governor John Hickenlooper signs a bill that would make the effort possible. Colorado is the eighth state to voluntarily adhere to the health care reform law championed by President Obama. The bill will also set up a regulatory group to oversee the exchange. The group will be comprised of nine members, four of which coming from the insurance industry. The Governor is tasked with finding these members, a search he has already been doing nearly a month before he…
Read MoreLatest in health care reform trends and oppositions
Recent insurance industry figures show that more Americans are receiving health insurance coverage than in previous years. This may be due, at least in part, to the Affordable Care Act, which has pushed many insurance companies to offer more affordable policies. In the first quarter of 2011, insurance companies around the nation were reporting that 600,000 Americans obtained some form of health coverage. The majority of these people were under the age of 26, showing that younger people are finding access to the coverage they need. The amount of young…
Read MoreHas Oklahoma started a trend for states opposing health care reform?
If the federal government gave your state more than 50 million dollars, what do you think they would do with it? Would they give it back? It isn’t often that you would see a state turning down federal money, but that is exactly what is happening in Oklahoma. They are turning down 54 million dollars in federal grant money. The 54 million dollars in federal grant funding was going to be given to the state as a part of the new federal healthcare law. The Department of Health and Human…
Read MoreOklahoma sends more than a message back to capital hill
The Oklahoma Insurance Department is sending back more than $1 million in funding to the federal government. The money would have been used to review the state’s health insurance premium regulations. It will never be used for its intended purpose as Insurance Commissioner John Doak asserts that “Oklahomans do not want the federal government making decisions about their health care.” The funds have yet to make their way back to the government – the state is awaiting federal officials to retrieve the money. The money is being returned along with…
Read MoreNew legislation proposed to watch over health insurance rate increases
As one of the provisions of the Affordable Care Act, the nation’s insurance companies will be required to spend at least 85% of the money they collect from premiums on improving the quality of medical care. However, the law does not designate any governing body as the regulatory of the mandate. This has led Senator Dianne Feinstein of California to propose new legislation that would give the Secretary of Health and Human Services regulatory authority over proposed rate increases of 10% or more. Feinstein asserts that insurance premiums are rising…
Read MoreHot debate over mandatory health insurance continues in court
The U.S. Court of Appeals for the Fourth Circuit began hearing arguments earlier this week in what many legal academics are calling a crucial case. This began the challenge of examining two lawsuits charging that Congress exceeded its authority when it passed the Patient Protection and Affordable Care Act. A board made up of three judges listened and debated basic points of constitutional law with attorneys for over two hours in the first appellate arguments. The appeals are based on decisions made by federal courts in Virginia. One federal court ruled that…
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