General Provisions – New Healthcare Law « Health Insurance Advisory

Welcome to the New Healthcare Law Center and State News

new healthcare reform lawThe new healthcare law, called the Patient Protection and Affordable Care Act (PPACA), represents comprehensive healthcare reform legislation signed into law on March 23, 2010. It contains numerous provisions designed to protect consumers and promote low cost medical insurance, including many new taxes to pay for the cost.

In this section of the site, you can also obtain the following information specific to your state: available medical insurance options, efforts to regulate medical insurance premiums, healthcare, the individual medical insurance marketplace and the new healthcare law.

Our objective is to help Americans make sense of the new healthcare law by explaining key provisions in plain English and assisting individuals, families and the self-employed in using this information to find and secure affordable medical insurance.

Inexpensive Health Insurance | Healthcare Costs

Why is individual medical insurance and employer-sponsored group health coverage so expensive? Although healthcare expenditures in the past few years have slowed because of the great recession, health plan premiums continue to rise each year. Is there any end in sight? Can I find inexpensive health insurance? While the new healthcare law of 2010 was very effective at addressing access to medical insurance and patient protection, it did little to control what the private sector pays for healthcare goods and services, and [...]

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What is the Minimum Loss Ratio for Individual Medical Health Insurance?

You may have heard about the Minimum Loss Ratio (MLR) for individual medical health insurance, but what is it and how does it impact you? Under the new healthcare law, called the Affordable Care Act, special rules were established that regulate how health insurance companies can spend every health plan premium dollar.  Effective January 1, 2011, health insurers are required to spend at least 80 percent on clinical services (medical claims) and activities that improve healthcare quality of enrollees covered [...]

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Individual Medical Health Insurance Changes Effective 2014

The core pieces of the new healthcare law are scheduled to take effect in 2014 which will significantly impact individual medical health insurance. “American Health Benefit Exchanges” will be operational. These will enable individuals, families, the self employed and small businesses with up to 100 employees to shop, compare and enroll in qualified medical insurance. Additionally, medical insurance premium tax credits and cost-sharing subsidies for eligible individuals will also be available exclusively through the health insurance exchanges. The Congressional Budget [...]

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New Healthcare Law Implementation Timeline Update

Did you know the new healthcare law, called the Affordable Care Act, contains more than ninety provisions that will be enacted through 2018?  While you may think that many of these new mandates do not directly impact you, there are several provisions that likely will because they focus on: 1) promoting low cost medical insurance, 2) expanding access to health insurance, especially for those with pre existing conditions, and 3) increasing  consumer protections. The following is a quick summary of [...]

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Looking for more inexpensive health insurance?

Now is the perfect time to save money on individual medical health insurance. Individuals, families and the self employed looking for more inexpensive health insurance are typically finding better deals in the individual market, according to Allan Zee, Founder of Argeus Benefits Group, a national insurance brokerage firm that specializes in health insurance. The new healthcare law, called the Affordable Care Act (ACA), has turned the health insurance industry upside down, Zee said. While ACA has literally sent every health [...]

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Long Term Care Health Insurance Pulled from New Healthcare Law

The new healthcare law of 2010 contained a long term care health insurance program, called the “CLASS Act.” The plan is designed to give the disabled and elderly cash to receive care at home instead of usually more expensive institutional care. This is important because individual medical health insurance typically does not cover the cost of professional care rendered in the home. Health and Human Services shelved the long term care health insurance program because it was deemed financially unsustainable. Funding [...]

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Health Insurance Company 2011 Profits Exceed Expectations- MLR

This year is shaping up to be very profitable for the health insurance industry, as many medical insurance carriers are reporting better than expected profits. While the health insurance industry has always been very cyclical in terms of underwriting profits (what is leftover after collecting premiums and paying claims and administrative expenses) for most insurers, this year’s boost is attributable to the Great Recession. Individuals and families are simply cutting back on expenses to make ends meet, including healthcare. Several insurers, [...]

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Research Medical Insurance Rate Increases by Health Insurance Company

In a move to make medical insurance more affordable, the new healthcare law requires that all health insurance companies post their rate history on the federal government’s website. The goal is to create openness and transparency among health insurers. The site’s address is http://companyprofiles.healthcare.gov/. Consumers can now click their state to see a particular health insurance company’s rate history, including justification for doing so. “Prior to the new healthcare law that information was largely unavailable,” according to Steve Larsen, the Department of Health [...]

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Divided opinion on new healthcare law- uninsured seen to benefit most

Views on the new healthcare law, called the Patient Protection and Affordable Care Act (PPACA), remain divided and relatively unchanged since its passage on March 23, 2010 among all age groups, the insured and uninsured: 44% have an unfavorable view of the law 39% see the law as favorable 17% don’t know or are undecided While there has always been a partisan divide over the new healthcare law, it appears to be softening in recent months. In August, six in [...]

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New Healthcare Law Mandate to Buy Medical Insurance- Is it Constitutional?

Is the new healthcare law constitutional regarding the mandate that Americans purchase medical insurance or pay a fine? The Thomas More Law Center has filed a petition asking the Supreme Court to review a recent decision by the Sixth Circuit U.S. Court of Appeals that upheld the constitutionality of the Patient Protection and Affordable Care Act (PPACA). The petition states: “Review is necessary to establish a meaningful limitation on congressional power under the Commerce Clause….If the Act (new healthcare law) is [...]

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