Live Insurance News

Many insured Americans rely on charity due to health insurance deductibles and copays

August 16, 2019August 14, 2019 H. Cutner

Health insurance deductibles - hands holding US dollars

Despite having a health plan, many people across the country can’t afford the medical care they need. Skyrocketing health insurance deductibles and copays are forcing many covered Americans to rely on charity to pay for medical care. Crowdfunding and medical charities have become the norm to fill in gaps for insured Americans. A recent LA Times report placed the spotlight on a growing trend among insured Americans. It showed that the cost associated with health insurance deductibles and copays can make medical care cost prohibitive even for Americans with medical…

ACA health insurance enrollment deadline looms and sign-ups are down

December 10, 2018December 10, 2018 Logan B.

The open enrollment period for 2019 closes on December 15 but not as many people are signing up. Health insurance enrollment into the Affordable Care Act’s exchanges has fallen nationwide when compared to last year. The numbers have remained down despite the approaching deadline on December 15. The last few days of the open enrollment period could prove to be defining for the ACA in 2019. The final weeks and days of Affordable Care Act (A.C.A.) health insurance enrollment are strikingly busy. In 2017, over two thirds of Americans who…

Health insurance exchange enrollment is nowhere near predictions

August 31, 2016August 29, 2016 H. Cutner

In fact, current statistics show that participation is less than half of what it was expected to be by now. Health insurance exchange enrollment is currently less than half of initial predictions. The lack of participation in the health care law as predicted has caused these marketplaces to undergo a considerable shift. Several major insurers have stopped selling their health plans due to the expense associated with them. Recent Kaiser Family Foundation forecasts indicate that consumers will have far less choice next year. Health reform analyst from the Kaiser Family…

Donald Trump introduces plan to change health insurance in the US

March 8, 2016March 6, 2016 Logan B.

Trump unveils more information concerning his health care plan As the presidential campaign steams ahead in the United States, presidential hopeful Donald Trump has released new information about his health care plan. Trump has been an outspoken critic of the Affordable Care Act, saying that if he becomes president he will ensure that the health care reform law is fully repealed. The law has made health insurance coverage more accessible to millions of people in the United States, but critics of the Affordable Care Act claim that it is both…

Health insurance deductibles are on the rise in the United States

February 16, 2016February 13, 2016 Logan B.

cash money subsidy health insurance deductibles

Consumers are facing higher deductibles for their health care plans More people than ever before have been able to acquire health insurance coverage, particularly through exchange marketplaces, but they are beginning to encounter a problem they may not have expected: Growing deductibles. Deductibles for employer-sponsored coverage have grown by 67% since 2010, according to the Kaiser Family Foundation. HealthPocket, a health plan comparison site, shows that the average deductible for the least expensive coverage available through exchanges stands at $5,700 for 2016. Deductibles are higher for policies with low premiums…

Young consumers weigh the cost of health insurance and federal penalties

February 1, 2016January 31, 2016 S.Vagus

Young adults are not convinced that insurance coverage is a viable financial option Young adults in the United States have faced a difficult decision during the latest open enrollment period. As open enrollment comes to an end, young and health consumers have had to decide whether or not to purchase health insurance coverage or face a federal fine and which of the two may end up being more expensive. Notably, the fine for those without insurance has gone up in 2016, which may have influenced many young people’s decision to…

Growth of health insurance in the US stalled in 2015

January 11, 2016January 10, 2016 S.Vagus

Efforts to reduce the country’s uninsured population began to slow significantly in 2015 Health insurance has expanded in the United States, with the Obama Administration noting that some 11.3 million people have enrolled for coverage through exchanges throughout the country. Efforts to reduce the country’s uninsured population may not be going smoothly, however. The recent Gallup-Healthways Well-Being Index found that reducing the uninsured rate among adults stalled in 2015. This has raised concerns that the Affordable Care Act may not be having the impact that President Barack Obama had intended.…