Blue Cross parent’s profits drop in second quarter

by Eriksen Insurance | Sep 21, 2011 | Uncategorized

Chicago Business reports: “After surging earlier in the year, profits of the parent of Blue Cross & Blue Shield of Illinois dropped sharply during the second quarter, to a still hefty $270 million, as benefits rose and membership shrank. Chicago-based Health...

Don’t leave us out, insurance agents tell legislators

by Eriksen Insurance | Sep 16, 2011 | Health Insurance Cost, Insurance Reform

My Suburban Life reports: “Insurance industry officials urged state lawmakers Thursday to let independent insurance agents help clients purchase coverage through Illinois’ future health-benefits exchange. Several said it also would be a good idea for the...

Appellate Court Says VA Lacks Standing to Challenge ACA

by Eriksen Insurance | Sep 14, 2011 | Insurance Reform

The United States Court of Appeals for the Fourth Circuit has vacated a district court’s ruling that a provision of the Affordable Care Act (ACA) is unconstitutional. The Fourth Circuit Court ruled that the state of Virginia does not have the standing to challenge the...

Court: Individual Mandate “Unconstitutional”

by Eriksen Insurance | Sep 14, 2011 | Insurance Reform

MedPage Today reports: “By Joyce Frieden, News Editor, MedPage Today Published: September 13, 2011 Just a week after winning two court victories in Virginia, the Obama administration’s healthcare reform law hit a legal wall in Pennsylvania when a U.S....

Health care expansion to cost Illinois, study finds

by Eriksen Insurance | Sep 7, 2011 | Health Insurance Cost, Health Laws, Heath Care Costs, Illinois Health Insurance, Insurance Reform

CarmiTimes.com reports: “Expanding Illinois’ Medicaid program under the federal health-care reform law will cost the state $1.3 billion a year in 2020 and beyond, according to an analysis by the nonpartisan Rand Corp. The annual cost is at least six times higher...