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Medicaid in Massachusetts was Model for ACA

The Medicaid program in Massachusetts was a landmark law that was passed in 2006 under Governor Mitt Romney. This is the Medicaid program that was used as a model for the Affordable Care Act that was signed by President Barack Obama in 2010. Medicaid is a public, or government run, form of health insurance. It is designed to cover individuals and families who are low income and who cannot afford to buy a health plan from a private insurance company. Medicaid is funded, in part, by the federal government. It is also funded by the government of an individual state. … Continue reading →

Insurance Blog Week in Review – June 17 – 23, 2012

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Each and every week, the Insurance Blog Week in Review brings you an easy way to “ketchup” on all of the blogs that appeared here in the past week. There can be anywhere between twelve and fourteen blogs here each week, and they can go by pretty fast. What did you miss? Another Reason to Cover Pre-Existing Conditions Health insurance companies are considering people who have donated a kidney as having a pre-existing condition. The insurers are using this as an excuse to deny coverage. This is horrible! California Replicates Health Care Reform Laws If the Supreme Court decides to … Continue reading →

Blue Cross & Blue Shield of Illinois Won’t Issue Rebates

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This Summer, many people will be receiving a health insurance rebate. In Illinois, Blue Cross & Blue Shield of Illinois will not be issuing rebates to its customers. This is because it met the medical loss ratio requirement. Other insurers in Illinois could, potentially, be giving out rebates to their customers. The insurance rebates that many Americans will be receiving this Summer are a benefit of the Affordable Care Act. Part of it includes something called the medical loss ratio. This went into affect in 2011. It requires all health insurance companies to spend at least 80% of the money … Continue reading →

Massachusetts Residents Are About to Receive Rebates

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If you are a resident of Massachusetts, and you have health insurance coverage, you might be getting an insurance rebate soon! This is thanks to the Affordable Care Act that requires health insurance companies to spend at least 80% of the money they get from premiums on actual health care for their customers. Insurers who failed to do that have to send out rebates. The medical loss ratio, or MLR, is a regulation that is part of the Affordable Care Act. It went into effect in 2011. The purpose of the law was to prevent insurance companies from spending the … Continue reading →