Live Insurance News

Health insurance exchanges serve as effective safety net

August 18, 2015August 15, 2015 Logan B.

online health insurance technology exchange

Federal data shows that consumers can find coverage through exchanges if they have lost their insurance Health insurance exchanges in the United States are performing well as a safety net for those that lose their coverage. The federal government has released data concerning how exchanges operate as a safety net, which is something that is often overlooked by those involved in the insurance sector. These exchanges were meant to expand the availability of insurance coverage to millions of consumers, but they have also managed to ensure that people have a…

Health insurance subsidies upheld by Supreme Court

June 30, 2015June 27, 2015 S.Vagus

Supreme Court rules in favor of insurance subsidies through all exchanges The U.S. Supreme Court has issued a ruling on the King v. Burwell case. The case involved certain aspects of the Affordable Care Act that provided subsidies for health insurance exchanges throughout the country. In these exchanges, consumers can find various types of coverage at different price ranges, but most people receive subsidies that offset the cost of this coverage. The case involved whether or not the federal government can provide subsidies in states where in manages an exchange,…

Covered California launches massive health insurance data collection campaign

June 25, 2015June 24, 2015 S.Vagus

Covered California will be collecting data to better understand the insurance market California’s health insurance exchange, called Covered California, is set to launch a large-scale data-mining project that will aim to shed light on the way people are using their insurance coverage. The organization will collect information from the insurance companies providing policies through the exchange and it will also collect data concerning how these policies are used. Covered California will also record doctor visits, hospital stays, and prescription information. Some are concerned about the security of their information With…

Young adults are struggling to understand health insurance

June 24, 2015June 23, 2015 Marc

Study highlights a lack of awareness of insurance terms and difficulty navigating HealthCare.gov Young adults may be having trouble enrolling in health insurance exchanges through HealthCare.gov, according to a study from the Robert Wood Johnson Foundation. The study revealed that many young adults had trouble navigating the federal insurance platform, which may come as a surprise considering that this demographic tends to be quite tech-savvy. This difficulty may be the result of the federal network’s structure, which has been criticized in the past for being ineffective. Lack of understanding could…

States to play larger role in health insurance exchanges

June 18, 2015June 17, 2015 Nordstrom

Pennsylvania, Delaware, and Arkansas will have more control over their exchanges Three states have been granted conditional approval from the federal government to play a larger role in the health insurance exchanges that they established through the Affordable Care Act. Arkansas, Delaware, and Pennsylvania will expand their role in their insurance exchanges beginning in 2016. Currently, the federal government operates the exchanges in these states. Some of the exchange’s functions are managed by the states themselves, but the majority of operations are handled by the federal government through HealthCare.gov and…

Health insurance premiums continue to climb in the US

June 12, 2015June 11, 2015 S.Vagus

Insurance premiums are growing as medical care becomes more expensive Health insurance costs continue to grow throughout the United States and this is having an impact on premiums for many consumers that have purchased coverage through insurance exchanges. These exchanges were established through the Affordable Care Act and serve as a way for people to find less expensive policies than can be found through the private market. While this was initially true for many, the policies provided through exchanges are becoming more expensive with each passing year. Data suggests that…

Health insurance exchanges may be at risk in some states

May 21, 2015May 20, 2015 Marc

Supreme Court ruling could have a major impact on health insurance coverage Lawmakers in several states are working on ways to ensure that people will keep their health insurance pending a ruling from the U.S. Supreme Court. The court is expected to deliver a ruling on whether or not the federal government can provide subsidies for coverage offered through federal insurance exchanges. The ruling is likely to be delivered in the summer, and it could have a major impact on the availability of insurance coverage for millions of people. Michigan…