Live Insurance News

From Repeal to Rescue: Why Republicans Are Backing Affordable Care Act Subsidy Extensions

January 6, 2025January 5, 2025 Live Insurance News

Republicans Warming to ACA Subsidies Amid Healthcare Challenges A recent Forbes article has brought attention to a growing shift among Republican lawmakers regarding their stance on extending health insurance subsidies under the Affordable Care Act (ACA). Commonly known as Obamacare, the ACA has long been polarizing, but this change signals a recognition of the program’s widespread impact. The subsidies, expanded under the Inflation Reduction Act (IRA) of 2022, have played a crucial role in making healthcare more affordable for millions of Americans. With these provisions set to expire at the…

The price of health insurance is rising…but not as fast as goods and services

December 7, 2022December 7, 2022 Logan B.

Despite its growth rate of 20 percent, it is being outpaced by national average goods and services prices. Though higher health insurance prices hardly came as a surprise this year, given the rising price of essentially everything these days, what wasn’t quite expected was that the cost of a plan didn’t rise as fast as the average price of goods and services across the United States. What has yet to be seen is what the impact of rising goods and services prices will eventually have. Since health insurance doesn’t exist…

“Leading Idaho” plan slashes 12 percent from health insurance costs

August 23, 2022August 19, 2022 H. Cutner

A key waiver in the plan is meant to help ensure that coverage is accessible to more state residents. The State of Idaho recently achieved a key milestone in its “Leading Idaho” plan in the form of a waiver that will reduce the cost of health insurance for state residents, helping to make the coverage more broadly available, according to an announcement from Governor Brad Little. The state’s innovation waiver is expected to reduce the average premiums by 12 percent. “Idahoans benefited from another win from our ‘Leading Idaho’ plan…

Alexandria Ocasio-Cortez pays less for health insurance now than as a waitress

January 9, 2019January 8, 2019 Logan B.

The youngest congresswoman in US history says she paid far more for coverage as a server. Alexandria Ocasio-Cortez has become the youngest woman to ever be elected to Congress. A year ago, she had been working as a waitress. At that time, she says she was paying twice as much for health insurance as she is as a congresswoman. Ocasio-Cortez now represents New York’s 14th district in Congress. Congresswoman Alexandria Ocasio-Cortez has been transparent about the transition she has experienced over the last few months. For instance, she has live…

ACA health insurance premiums fall for the first time

October 16, 2018October 15, 2018 Marc

The average amount that American pays for the most popular Obamacare plans is dropping. The average premiums paid for the most popular ACA health insurance plans have fallen for the first time. These Obamacare plans have become more affordable for the first time in six years. The average paid for these health insurance plans is dropping slightly, reversing a rising trend. Across the 39 states that use HealthCare.gov, there is an average drop in ACA health insurance premiums of 1.5 percent for 2019. This is occurring in the coverage tier…

Health plan premiums could rise by $2,000 for older Americans under Trump proposal

March 26, 2018March 23, 2018 Nordstrom

The Trump administration has proposed a rule to allow short-term policies to provide longer coverage. Trump’s proposal regarding short-term policies could drive health plan premiums skyward. Older American adults would be the most affected by this change. The proposal involves allowing 364 days of coverage instead of the current cap at 3 months. Short-term health policies typically come with smaller premiums than full one-year plans The short term policies are sold not through the Affordable Care Act (ACA) insurance exchanges. They come with lower health plan premiums because they don’t…

California health insurance premiums may spike, analysis

March 13, 2018March 12, 2018 Marc

California health insurance premiums - American and Californian flag

Covered California predicts a possible spike in rates residents are paying for policies. California health insurance premiums may sharply rise over the next few years. In fact, Covered California’s own analysis predicts a 35 percent increase by 2021. When compared to the current rates, Californian consumers may pay 35 percent more over three years. The state is among a total of 15 predicting average rate hikes of 35 percent by 2021 compared to their current rates. Across the United States, consumers purchasing coverage on an insurance exchange may pay more.…