Latest News + Info
The latest information relating to the health insurance industry.
Feds Tightening Use Of Short-Term Health Insurance
Insurance News net reports: The Obama administration wants to limit consumers' use of short-term insurance plans, which a growing number of Americans have been buying in response to the Affordable Care Act's requirements to have health coverage. This week, the U.S....
Health insurance plans to be rated based on size of network
Live Insurance News reports: " The Obama administration will now use the number of included doctors and hospitals in the ratings. In response to complaints from consumers with respect to the way health insurance plans are rated on the exchanges, the Obama...
UnitedHealthcare launches a smaller, ‘very, very different’ insurer
Star Tribune Business reports: " UnitedHealthcare is facing competition this year in Atlanta and Chicago from a new name in health insurance — a carrier that’s actually one of its subsidiaries. For the first time, individual shoppers are buying coverage from Harken...
Blue Cross Blue Shield Confirms Obamacare Death Spiral
According to The Beacon: " The Blue Cross and Blue Shield Association, which represents 36 Blue Cross and Blue Shield plans covering 105 million Americans, has just released a study of its members’ claims data in Obamacare exchanges 2014 and 2015. It confirms that...
The Federal Government’s $146 Billion Obamacare Boo-Boo
According to The Motley Fool: " Bad things can happen when a government forecast proves to be way off. There are mistakes, and then there are big mistakes. What the Congressional Budget Office's latest report on federal subsidies revealed was a mistake of...
Obamacare Encounters Another Bump in the Road
According to News Max Finance: " Well, the hammer has fallen: The largest health insurer in the U.S. has started pulling out of select Obamacare exchanges. Five months ago UnitedHealth, which had been singing sunny songs to investors about its bright future on the...
How Obamacare Makes Tax Filing Trickier
According to Time Inc. "Many Americans will get new tax forms for the first time. Here's what to do with them. This year, you may be receiving tax forms you’ve never seen before, all thanks to the Affordable Care Act, aka Obamacare. For the most part, these...
Illinois Obamacare plan crippled by losses
According to Crain's Chicago Business " The operating losses continue to mount at struggling Land of Lincoln Health, totaling $90.8 million for the Obamacare health plan in 2015. That net loss is almost five times greater than the Chicago-based startup reported in...
Tax Scams Are Targeting Uninsured, I.R.S. Warns
The New York Times reports: "The Internal Revenue Service is warning consumers about tax scams involving the Affordable Care Act and penalties imposed under the law on people who go without health insurance. In some cases, the agency said, unscrupulous tax preparers...
IRS Grants Extension for 6055 and 6056 Reporting
According to United Healthcare, Broker Connection Special Edition: "On Dec. 28, 2015, the IRS announced that it is granting an automatic extension for the 2015 information returns required of insurers, employers and certain other providers of Minimum Essential...