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Blue Cross Blue Shield exits federal health insurance exchange (AUDIO)
Blue Cross Blue Shield exits federal health insurance exchange (AUDIO)
Nebraska's largest health insurance carrier will pull out of the federal health insurance exchange.Blue Cross Blue Shield of Nebraska CEO Steve Martin made the announcement Friday afternoon."Well, today we made the decision, that was very difficult, to exit the federal government's public health insurance marketplace," Martin says.
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Illinois health insurance customers face deadline to find new plan
Illinois health insurance customers face deadline to find new plan
CHICAGO (AP) – Illinois insurance regulators are reminding customers of Land of Lincoln Health that they must enroll in a new health insurance policy with a different company by the end of the month or they'll have a gap in coverage.Land of Lincoln, a federally funded, nonprofit health insurer created under the Affordable Care Act, began shutting down in July after crippling financial losses.The 3-year-old nonprofit's failure left 49,000 Illinois policyholders searching for new coverage.
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Some states looking at their own 'public option' health insurance system
Some states looking at their own 'public option' health insurance system
Washington Examiner:Minnesota, Maine and Rhode Island lawmakers have debated setting up a state-funded health plan, which would be available to shoppers in Obamacare's online marketplaces alongside private plans.And Colorado residents soon will vote on whether to create a taxpayer-funded health program dubbed "ColoradoCare," which would cost $38 billion a year but guarantee coverage for everyone.The Affordable Care Act doesn't provide a government-run health plan, an idea Congress rejected when it passed the law in 2010, but it does provide a way for states to offer their own.
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Rising Obamacare premiums are still lower than employer-sponsored health insurance
Rising Obamacare premiums are still lower than employer-sponsored health insurance
People who warn that President Obama's healthcare law is in dire straits often point to rising health insurance premiums as proof.Sen. John McCain (R-Ariz.) has called premium increases on Affordable Care Act exchanges "astronomically high."Sen. Ron Johnson (R-Wis.), said premiums have "skyrocketed."
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