Tag: health insurance rate increases

Health insurance rate proposals continue to drop in the US

Logan B.
health insurance rates

New report highlights the falling frequency of health insurance rate increases As U.S. insurers warn that health insurance rates will spike in 2014, the Department of Health and Human Services has released a new report that suggests that health insurance prices are actually falling, and have been doing so since 2009. The federal agency, which is responsible for the enactment of the Affordable Care Act, has been noting the concerns that consumers around the country have been expressing concerning the costs of coverage. The agency has released the new report…

Read More

Families in Ireland may soon have trouble paying for health insurance

Dan

The insurance industry in Ireland is facing troubling times, which may translate into higher rates for consumers. The Irish Patients Association has spoken out about the coming health insurance rate increases coming from several insurance companies. The IPA claims that rates are rising so quickly that they may make it impossible for families to hold on to their policies. The consumer advocacy organization says that if the problem is not addressed legislatively, health insurance will become unaffordable within the next few years. This week, Aviva Health Insurance and VHI Healthcare…

Read More

Insurers in Massachusetts gain approval for health insurance rate increases

S.Vagus

Massachusetts insurance regulators have approved a number of rate increase proposals from some of the state’s largest health insurance companies. Governor Deval Patrick supports the approval, citing rising health care costs that threaten to make an already ill economy more volatile. Consumer advocacy groups have decried the rate increases, saying that they put undue financial stress on those struggling to make ends meet. Regulators, however, have only approved proposals whose increases were less than 9% in the hopes of lightening the impact of higher rates. Blue Cross Blue Shield has…

Read More

California legislators toil over bill that could give insurance regulators increased authority

Marc

California lawmakers have been embroiled in a legislative battle over the authority of the state’s insurance regulators. Earlier this year, legislation was introduced that would expand the power of regulators and give them full authority to deny or approve insurance rate increases from the state’s insurance companies. Under the law, regulators would be able to deem rate increases unjustified and excessive with minimal information to back up their determination. This legislation has attracted its fair share of opponents, but the bill’s supporters say that the state must be able to…

Read More