Web users across the United States can use a new federal website to watch the status of a health insurer in order to determine whether or not that company has increased its rates, and may view the insurer’s justification for doing so. According to the deputy director for oversight at the Department of Health and Human Services, Steve Larsen, the data now available on this website is information that was primarily unavailable before the site’s launch. There were only a few states that offered rate increases on their official websites.…
Read MoreTag: Kaiser Family Foundation
Study shows employer-sponsored health insurance is becoming more costly, maybe due to federal insurance mandate
A new study from the Kaiser Family Foundation, a non-profit health care organization, has uncovered a startling trend concerning the cost of employer-sponsored health insurance. The study shows that the cost of health insurance for employers has been rising at a rapid pace this year, which runs contrary to reports citing moderate increases to insurance rates. Exactly why rates are currently soaring to new heights is unknown, but researchers from the foundation speculate that it may be due to the federal insurance mandate which requires all people to have health…
Read MoreMassachusetts and Vermont residents pay the highest individual health rates
A recent analysis has shown that in 2010, the most expensive individual health rates in the country were in Massachusetts and Vermont, with premiums up to and higher than $400 per month per person, which is about twice the average of the country. The information was collected by the Kaiser Family Foundation, which drew the data from the insurance company filings to the National Association of Insurance Commissioners and discovered a significant discrepancy in the rates charged from one state to the next. The researchers are referring to their analysis…
Read MoreHigh-deductible health insurance enrollees are on the increase
With a down economy, Americans are changing their health insurance plans to those with higher deductibles, but lower premiums. Health Care Professionals are concerned that patients will not get their routine care, possibly causing serious ailments going undiagnosed. In the long run, this could cost more money because they may end up in the hospital or emergency room. According to Kaiser Family Foundation and the Health Research and Educational Trust’s survey, since 2006, the number of employees with high-deductible plans has almost tripled in companies with less than 200 employees.…
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