July 6 (Reuters) – US President Joe Biden’s administration on Friday is expected to propose a new regulation cracking down on short-term health insurance plans, Politico reported, citing five Democrats with knowledge of the matter.
Biden is due to deliver an announcement on healthcare cost savings on Friday. A White House official told Politico on Thursday that Biden plans to announce major actions to lower costs and crack down on junk fees.
The regulation will curtail a Trump-era expansion of skimpy health coverage, which critics said undermined the 2010 Affordable Care Act, also known as Obamacare, and its broad protections…
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Parliament Ratifies USD 308 Million Japanese Loan for Universal Health Insurance
Parliament Ratifies USD 308 Million Japanese Loan for Universal Health Insurance
The Egyptian House of Representatives ratified a JPY 44 billion (USD 308 million, EGP 9.5 billion) loan agreement with the Japanese International Cooperation Agency (JICA) on 21 June to help fund Egypt’s universal health insurance program.
The loan will complete its disbursement by July 2024 and be repaid over 15 years at 0.01 percent interest.
The agreement was signed on 27 March by Minister of Finance Mohamed Maait.
“Egypt has been working to introduce the Universal Health Insurance System since 2018; however, it faces certain challenges such as…
Here’s why insurance experts suggest travel health insurance
When planning your summer vacation, insurance experts suggest you make your health coverage part of all that prep.
PORTLAND, Ore. — Summer vacation has arrived and while you’re planning where to go, what to do and how much it will cost, insurance experts encourage you to also plan ahead when it comes to health insurance.
Traveling in-state versus out of the country makes a difference, but there are some important basics to know no matter where you’re going to ensure an unexpected health event while on vacation doesn’t turn into a bigger financial problem.
“It’s important to know before you…
Health insurance companies in Connecticut request double-digit price hikes
HARTFORD, CT (WFSB) – Your health insurance could go up by around 12% next year. Connecticut attorney general William Tong calls the price hikes “exorbitant”.
In total, there are 10 filings made by 9 health insurers for plans that cover around 188,000 people.
The proposed average individual rate of request is a 12.4% increase. The proposed average small group rate request is a 14.8 % increase.
“What I’m worried about is people are going to drop off their insurance or they are going to other plans that may be more affordable but provide less coverage,” said Tong.
Tong plans to…
Need a Practical High School Graduation Gift?
We’ve got you covered. If you know a recent high school graduate, you should find out if they have a simple estate plan to allow their parents or guardians to make medical and financial decisions if they are incapacitated.
We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date. (To subscribe to our blog click here).
With high school graduation season in full swing, it is essential to remember that at age 18, parents no longer have the right to make medical and financial decisions for their child,…
Florida is not doing enough to keep children on Medicaid, health advocates warn
Credit: Unsplash/CC0 Public Domain
Health care advocates are sounding the alarm over how Florida is handling last month’s end of emergency Medicaid, which they color could force thousands of eligible children to lose medical coverage because their parents don’t know they must apply to the federal program.
One reason they don’t know, according to advocates, is that Florida officials haven’t done enough to reach out to families and that some of its messaging is causing confusion. Some advocates are also asking why Florida isn’t taking advantage of a federal waiver that would ensure stable health coverage for their youngest and…
Medicaid enrollees are losing coverage in states like Florida : Shots
Alicia Celaya, David Cardenas and their son Adrian, 3, in Phoenix in April. Celaya and her family will lose their Medicaid coverage later this year, a result of a year-long nationwide review of the Medicaid enrollees that will require states to remove people whose incomes are now too high for the program.
Matt York/AP
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Matt York/AP
Alicia Celaya, David Cardenas and their son Adrian, 3, in Phoenix in April. Celaya and her family will lose their Medicaid coverage later this year, a result of a year-long nationwide review of the Medicaid enrollees that will require states…
Uninsured Rate Hits Record Low of 8.3%
WASHINGTON — The uninsured rate in the US has fallen to a record-low 8.3%, but that percentage is expected to gradually increase as insurance protections from the COVID-19 pandemic wind down, according to officials from the Congressional Budget Office (CBO) .
The temporary policies enacted in the wake of the COVID-19 pandemic “have contributed to a record low insurance rate in 2023 of 8.3% and record-high enrollment in both Medicaid and ACA [Affordable Care Act] marketplace coverage,” said Caroline Hanson, PhD, principal analyst at the CBO, during a briefing sponsored by Health Affairs. “As those temporary policies expire under current…