State Insurance Commissioner Ralph Hudgens says as many as 400,000 Georgians who buy their own insurance could receive cancellations notices or have their plans modified as a result of the Affordable Care Act. Hudgens' spokesman Glenn Allen said Wednesday the figures are based on internal estimates.
National healthcare organization Families USA estimated Tuesday that 803,000 Georgians will be eligible for healthcare tax subsidies under the Affordable Care Act. The federal government will offer insurance premiums help to low and middle income families and individuals. According to Families USA, an individual who makes less than $45,960 per year will qualify.
State Insurance Commissioner Ralph Hudgens says he has accepted the insurance rate filings for Georgia's health care exchange after asking for a deadline extension from the Department of Health and Human Services. Hudgens said Thursday that he asked for a 30-day extension to the July 31 Patient Protection and Affordable Care Act rate filing deadline, and did not receive a response from federal officials.
Georgia Insurance Commissioner Ralph Hudgens says some insurance companies have filed plans to increase insurance rates in Georgia by nearly 200 percent for certain people under the Affordable Care Act. Hudgens says he sent a letter to Kathleen Sebelius Tuesday asking for an emergency 30-day delay of submission of his rate review so the department and federal officials can analyze the projected increases.
A new Families USA report says 800,000 Georgians can get a tax break when they buy a health insurance plan through new health care exchanges. The amount is determined by income and the cost of the premiums.
The health insurance program for Georgia’s state employees is short about $250 million for next year. But the state’s top official in charge of teacher and state employee health plans said he doesn't expect more than a 10 percent jump in premiums next year.
Large businesses in Georgia are experiencing steep increases in health insurance premiums. This is according to Hewitt Associates, a consulting company that did a national survey of large businesses. It determined that in 2011 insurance premiums will be at their highest levels.