Live Insurance News

Health insurance issues place regulators in a difficult position

November 26, 2013November 25, 2013 Logan B.

Health insurance regulations continue to cause problems Insurance Commissioners throughout the U.S. have been placed in a difficult situation. Earlier this month, President Obama announced that insurance companies could continue to honor substandard health insurance policies rather than cancelling these policies because they do not comply with the standards of the Affordable Care Act. This is meant to create a transition period wherein consumers can have a reprieve from cancellations and insurers can better prepare to comply with federal law. The problem, however, is that many Insurance Commissioners have been…

Nevadans caught in health insurance limbo

November 25, 2013November 25, 2013 S.Vagus

Nevada health insurance commissioner State Legislature Building

Some 25,000 in Nevada receive health insurance cancellation notices Many consumers in Nevada are currently in a state of limbo concerning their health insurance coverage. Approximately 25,000 people throughout the state have received cancellation notices from their insurance providers, but whether or not these cancellations will actually occur is still up for debate. Policyholders are currently waiting on state officials to determine if these cancellations will bear any weight and whether health insurance plans that do not comply with federal standards should be allowed to remain active. Regulatory shift could…

Obama announces policy rollback concerning health insurance plans

November 18, 2013November 18, 2013 Marc

Federal health insurance policy shifts Many health insurance plans in the U.S. are set to be canceled by January of 2014. These policies do not comply with the standards established by the Affordable Care Act and, as such, cannot remain active. Unfortunately, this means that those who have had their policies cancelled must purchase new policies in order to comply with federally mandated insurance coverage. This has caused significant controversy and has placed a great deal of pressure on President Barack Obama, who may have a plan to resolve the…

Obama launches new campaign to put down health insurance confusion

May 14, 2013May 25, 2013 S.Vagus

Confusion concerning health insurance continues to grow among consumers The saga of the Affordable Care Act is beginning to grow more tempestuous as the law inches closer to January 1, 2014, the day it will be fully enacted. President Barack Obama, who has been the champion of the health care law since it was passed in 2010, has launched a new campaign to promote the various aspects of the law. The campaign is meant to shed more light on Obamacare — a term for the Affordable Care Act that President…

Cleanup of Fierce Northeast Winter Storm Begins: AIR Worldwide

February 11, 2013February 12, 2013 Guest Author

BOSTON, Feb. 11, 2013 – According to catastrophe modeling firm AIR Worldwide, from New York 500 miles north to Maine and then into Canada, the fierce February 8-9 winter snow storm brought deep snow, high gusting winds, and significant storm surge along the New England coast. An estimated 40 million people have been affected and as of early Monday, there were no reports of substantial structural damage. “The storm developed late Thursday and in the early hours of Friday when a strong coastal disturbance that had developed along the Delmarva…

Department of Health and Human Services may need to refine approach on state exchanges

November 20, 2012November 19, 2012 Dan

Department of Health and Human Services State Exchanges

Department of Health and Human Services sees problems with exchange provision President Obama has won a second term as president and that has major implications for the Affordable Care Act. The health care reform law have been shrouded in controversy since its passage in 2010, but has remained intact for the past two years. One of the provisions of the law calls for the establishment of health insurance exchanges. This provision has been well received by some states, but completely opposed by others. Now, the federal government, through the Department…

California health care reform moves on

November 10, 2012 Marc

Obama victory adds momentum to California heatlh care reform efforts President Obama has won a second term, and this may be good news for California lawmakers who are eager to institute the next phase of their California health care reform plans. California is one of several states that has been making quick and decisive progress on complying with the Affordable Care Act. The state was the first in the country to pass laws concerning the establishment of its own health insurance exchange, and now lawmakers are looking to take advantage…