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Thursday April 24th 2014

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‘In The News’ Archives

Nearly half of callers to California's health insurance exchange in February and March couldn't get through and abandoned their call, state figures show. … The Covered California exchange reported progress on another front: low enrollment among the state's large Latino population according to a recent report at http://www.kaiserhealthnews.org

California Health Insurance Exchange Tops 1 Million Enrollees

California Health Insurance Exchange Tops 1 Million Enrollees

Enrollment in California's health insurance exchange has crossed the 1 million-enrollee mark, state officials said. And a new report suggests what may be the biggest motivator for people when they are choosing a new health plan: cost. Insurers like Blue Shield of California and Health Net have seen a major jump in market share, thanks to their [...]

Low Interest Rates Don’t Spoil Fixed-Annuity Party

Low Interest Rates Don’t Spoil Fixed-Annuity Party

Despite historically low interest rates, fixed annuity sales are hitting record setting levels as the demand for transfer of risk guarantees continue to grow. Sales of single-premium immediate annuities and fixed-index Annuities hit historic heights in 2013, according to recent numbers released by the industry data group, LIMRA. Even fixed-rate [...]

Middle Class Feels Health Insurance Squeeze

Middle Class Feels Health Insurance Squeeze

For the vast majority of residents, the Covered California subsidy isn’t an issue. Low-income residents receive health insurance through Medi-Cal. Millions of others have insurance subsidized by their employer. But there are exceptions in the middle class. If a family of four earns less than $94,200 a year, their preferred plan through the [...]

Annuity Sales Set Record in 2013

Annuity Sales Set Record in 2013

Sales of immediate annuities hit a record $8.3 billion last year, according to data collected by the industry group Limra; in the late 1990s, they averaged less than a third of that. That alone wouldn’t be newsworthy, except that investors typically shun this type of financial product, which provides retirees with a secure stream of payments, [...]

CA Exchange for Small Businesses Taken Down

CA Exchange for Small Businesses Taken Down

The most populous state in the country has now decided to take down the California health insurance exchange that was meant for small businesses, likely only temporarily, only four months after it had opened its doors in the first place. Officials in the state revealed that they would be suspending enrollments occurring online through the [...]

Health Exchange Pulls Error-Ridden Physician List – Again

Health Exchange Pulls Error-Ridden Physician List – Again

Admitting it gave some consumers bad information, California's health insurance exchange pulled its physician directory for having too many errors. Covered California made the move late Thursday February 6 amid growing frustration among both consumers and doctors over inaccurate information about insurance networks in the state marketplace. The [...]

The CARE Act: A New GOP Approach or Missed Opportunity?

The CARE Act: A New GOP Approach or Missed Opportunity?

On its face, the Patient Choice, Affordability, Responsibility and Empowerment Act, or CARE Act, feels different than the other plans offered by the GOP. Yes, the proposal guts many of the ACA's major provisions. It would repeal the ACA's individual mandate, employer mandate and minimum coverage requirements, among other things. However, unlike [...]

Children Benefit as California Leads the Way Enrolling Families in Health Coverage

Children Benefit as California Leads the Way Enrolling Families in Health Coverage

March 31 marks the end of open enrollment for 2014 coverage through the Affordable Care Act (ACA), but many Californians aren't waiting until the deadline to sign up for health coverage. In fact, California continues to lead the way in embracing and implementing health care reform, and the state's school community is helping to spread the word and [...]

Anthem to Raise Some Premiums as Much as 25%

Anthem to Raise Some Premiums as Much as 25%

Thousands of Anthem Blue Cross individual customers with older insurance policies untouched by Obamacare are getting some jarring news: Their premiums are going up as much as 25%. These increases, 16% on average, are slated to go into effect April 1 for up to 306,000 people — unless California regulators persuade the state's largest [...]

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