Health Insurance

Health Insurance News

Blue Cross Blue Shield of Alabama has filed with Alabama's insurance regulators requesting an increase on the company's marketplace plan premiums by 28 percent. The insurer's plans currently cover 175,000 members in Alabama and is the first in the state to submit this year's rate request. The other two carriers Humana and United Healthcare have yet to file but are expected to do so soon. The...

The first wave of rate increases requests from health insurance providers in the state of Ohio paints a gloomy picture when it comes to pricing. Though the premium increases still require final approval from the Ohio Department of Insurance, consumers should still expect increases to come during the next open enrollment period. Unlike last year that saw a much greater variety of rate changes with...

Fees will more than double for those who purchased health insurance policies through the Connect for Health Colorado exchange. The Connect for Health Colorado board of directors voted unanimously Thursday to raise the fee from 1.4 percent of premiums to 3.5 percent on plans. The increase will go into effect next year, meaning a plan that would cost $4,000 this year will cost an additional $84 in...

Connect for Health Colorado recommended more than doubling the fee insurers pay on each policy purchased on the exchange, but even that might not accumulate to a cost-covering budget for 2016. Medicaid reimbursement is what could really make or break Colorado’s health insurance exchange, interim CEO Gary Drews told The Denver Post . Drews is leaving his temporary position with the exchange this...

With over a full year's worth of claims data, insurance companies are following up on the 2015 plans with yet another round of rate increases for the state of Oregon. Every insurer with the exception of Kaiser Permanente has made a request for increased premiums for 2016. Particularly troubling for insurance policyholders is the magnitude of those increases with a number of insurers with a larger...

Oscar Health Insurance , now valued at $1.5 billion, plans to use its latest round of funding to expand its service to more states. The New York City start-up, which went live in October of 2013, announced Monday it had raised $145 million from a group led by Peter Thiel and his Founders Fund venture capital firm. Horizon Ventures, the Wellington Management Company, and Goldman Sachs were also...

According to Gallup’s most recent data , the uninsured rate among adults dropped to 12.9%, the lowest in recent memory, on the back of the Affordable Care Act's push for coverage. Today’s uninsured rates are down 4.2 percentage points compared to last year, when the percentage of the United States adult population that was uninsured stood at 17.1%. This is also a slight improvement over the third...

For Obamacare enrollees who have quit or reduced their smoking habits in the last year, there may be an opportunity to save hundreds or even thousands of dollars on health insurance this year. Reductions in your tobacco habits could save you as much as 33% on your premiums equating to thousands of dollars over the course of the year. Unfortunately, many existing enrollees may not be aware that...

In public filings with health insurance regulators in a number of states, UnitedHealthcare part of UnitedHealth Group ( NYSE:UNH ) has shown an increased interest in participating in the Obamacare exchanges for 2015. In 2014, the insurer only participated in a few state marketplaces including: Maryland , New York , and Colorado . The largest health carrier in the United States, UnitedHealthcare...

One of the big fears for health insurers competing on the Obamacare Exchanges was the potential that a bad health makeup of enrollees would end up hurting the insurers. The first batch of rate filings in the state of Colorado appears to signal that at least for for Wellpoint ( NYSE: WLP ), one of the largest public participants in the exchanges, these worries may have been overblown. Filings...

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