Live Insurance News

Legislative Referendum 122 could put an end to insurance mandate

October 9, 2012 S.Vagus

Affordable Care Act provision could be cut down by Legislative Referendum 122 The Affordable Care Act is one of the most controversial legislations in the U.S.’s modern history. While the law aims to provide Americans with access to affordable health insurance coverage, it also requires them to purchase this coverage or risk fines and, in the most extreme circumstances, jail time. The insurance mandate has been at the crux of the controversy surrounding the law, and was the reason it landed before the Supreme Court earlier this year. While the…

Affordable Care Act could bring financial trouble to 6 million

September 21, 2012 S.Vagus

Report suggests Affordable Care Act provisions may create some financial stress for consumers Analysts from the Congressional Budget Office have released a new report concerning the effects that the Affordable Care Act will have on U.S. citizens. The health care law has been the subject of controversy for the past two years due to provisions that some states consider to be unconstitutional. Though the health care law has been challenged and upheld, those opposing the law are still looking for alternatives, claiming that the law will bring with it profound…

Hospitals could suffer if insurance mandate is abolished, says Moody’s

April 25, 2012May 26, 2012 S.Vagus

Special report highlights the impact Supreme Court ruling could have on hospitals Moody’s Investors Services, often referred to as Moody’s, has released a special report concerning the insurance mandate provision of the Affordable Care Act within health care reform. The mandate has been at the heart of the controversy surrounding the federal law. According to the law, American citizens must purchase and maintain some kind of health insurance policy. Many states have accused the federal government of overstepping its boundaries by requiring people to purchasing health insurance. As a result,…

Supreme Court may be unclear on how the health insurance mandate fits into the Affordable Care Act

April 12, 2012May 28, 2012 S.Vagus

Health insurance care reform confusion debate

The fate of the health insurance Affordable Care Act is currently in the hands of the U.S. Supreme Court. The Court heard arguments concerning the constitutionality of the law last month, during which Justices raised serious concerns about the law’s provisions. The health insurance mandate of the law hit a chord with some of the judges and has been a point of contention for most of this month. The concerns of Justices may be due to a fundamental misunderstanding of the provision. This misunderstanding could put the Affordable Care Act…

Third day of litigation of Affordable Care Act still focused on insurance mandate, Justices touch briefly on Medicaid expansion

March 29, 2012 S.Vagus

The third day of arguments concerning the Affordable Care Act took place on Wednesday this week. Though the schedule laid out by the Supreme Court earlier this month indicated that the third day of litigation would concern the health care law’s changes to Medicaid and Medicare, the Court’s Justices were keen to keep their attention on the law’s health insurance mandate. Justices are no longer focusing on the constitutionality of the mandate; however, they are now seeking an answer to a simple question: Can the health care law survive if…

Day two of Affordable Care Act hearing in Supreme Court focuses on controversial insurance mandate

March 28, 2012 S.Vagus

The Supreme Court began its second day of hearing the case against the controversial Affordable Care Act on Tuesday this week. The focus of day two was centered on whether Congress could require Americans to purchase health insurance. The Obama administration’s top lawyers were ready to defend the insurance mandate imposed by the health care law, but conservative Justices of the Court were quick to issue their concerns regarding the matter. This could signal some serious problems for the future of the Affordable Care Act. Only three minutes into the…

Cutting individual insurance mandate could have dire consequences for health care, says RAND

February 22, 2012February 22, 2012 S.Vagus

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…