published on 06/26/2020

Insurance News

Trump administration pushes to overturn Obamacare

The administration asked the Supreme Court to invalidate the law on Thursday

The Trump administration is seeking to put an end to the Affordable Care Act, the health care law created under the Obama administration that enabled millions of Americans to get insurance protection.

In a filing with the Supreme Court on Thursday, the Trump administration asked to have Obamacare invalidated on the grounds that Congress eliminated the individual tax penalty for failing to purchase medical insurance.

Solicitor General Noel Francisco said in a legal brief ...

06/26/2020 By Sarah D. Young

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Major health insurance companies are cutting rates due to COVID-19

The industry is following a pattern set by auto insurance companies

If your health insurance provider hasn’t reduced your premiums during the coronavirus (COVID-19) pandemic, maybe you should be shopping for a new provider....

06/04/2020 By Mark Huffman

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State Farm and Nationwide join other auto insurers in giving coronavirus relief to customers

Local communities will also take part in $5 million contributions to help their efforts

Auto insurance customers have a couple more insurance company jingles to sing out loud. State Farm and Nationwide have joined Allstate, Geico, and American...

04/10/2020 By Gary Guthrie

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Geico to send $2.5 billion back to consumers due to fewer claims during COVID-19 crisis

The company is cutting auto and motorcycle rates by 15 percent for six months

Auto insurance companies are saving billions of dollars during the coronavirus (COVID-19) pandemic, and some of that money is being returned to customers....

04/08/2020 By Mark Huffman

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Allstate to return $600 million in premiums to customers due to COVID-19 driving disruptions

But one insurance watchdog says the amount returned should be much higher

Allstate brought its “in good hands” jingle to life on Monday, saying that it would return more than $600 million in auto insurance premiums to its custome...

04/07/2020 By Gary Guthrie

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Understanding health insurance could affect other financial decisions for cancer survivors

Researchers have discovered an added financial burden linked to the disease

A new study conducted by researchers from the American Cancer Society explored the financial implications that cancer survivors need to contend with and ho...

10/21/2019 By Kristen Dalli

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Buying minimum car insurance coverage can be costly later on

An analysis shows that consumers with basic insurance pay higher rates when they upgrade

Car insurance customers who purchase the bare minimum coverage required by their state pay a higher rate when they upgrade insurance policies.That’s th...

07/22/2019 By Mark Huffman

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Hospitals charge privately insured more than double what Medicare would pay

Researchers say driving down high prices should be a focus going forward

Major discrepancies are present between the prices paid to hospitals for privately insured patients and what the federal Medicare program pays, according t...

05/13/2019 By Sarah D. Young

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Study finds homeowner’s insurance rates have surged in the last decade

Consumers in Tornado Alley have seen the biggest increases

If it seems like your homeowner’s insurance rates have been going up, they probably have. A new study finds that insurance rates have gone up as much as 88...

04/23/2019 By Mark Huffman

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Most consumers are paying more for car insurance

A report by an insurance search engine finds insurance rates have never been higher

If your car insurance rates are going up, you aren't alone. The Zebra, an insurance rate search engine, reports that 83 percent of drivers paid more for in...

02/11/2019 By Mark Huffman

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California blocks use of gender in setting insurance rates

New regulations require rates to be determined only by driving records

A lot of factors go into setting a consumer’s insurance rate but California officials say rates should mostly rest on the consumer’s driving record, not ot...

01/08/2019 By Mark Huffman

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Obamacare enrollment drops for 2019

The Trump Administration says it’s because more people have coverage from employers

Amid Trump administration efforts to diminish Obamacare, the number of consumers who have enrolled for coverage under the exchanges in 2019 has declined sl...

12/20/2018 By Mark Huffman

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Affordable Care Act enrollment season begins

The sixth sign-up season brings several changes, including the availability of short-term plans

The six-week-long Affordable Care Act enrollment season kicked off on Thursday, and this year consumers will find more choices and stabilizing premiums....

11/02/2018 By Sarah D. Young

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Your insurance may not cover that emergency room visit

Study finds new healthcare policies put more patients at risk of a claim denial

A change in emergency coverage announced by Anthem Blue Cross Blue Shield earlier this year means fewer visits to the emergency room are covered.A stud...

10/22/2018 By Mark Huffman

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Employer-sponsored healthcare premiums rose 5 percent this year

Deductible growth has exceeded wage increases in the last decade, a new survey finds

The cost of employer-provided family health coverage rose 5 percent in 2018 to an average of $19,616, while single coverage premiums rose 3 percent to $6,8...

10/04/2018 By Sarah D. Young

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