Monday, June 28, 2010

Companies Ordered not to sell Health Insurance

Seven companies and five individuals have been ordered to stop selling unauthorized health insurance products in Florida by Florida’s insurance commissioner. In February, Kevin McCarty issued an order that companies engaged in unauthorized selling should stop selling health insurance products.

It is not new to hear about frauds in health insurance market. There are lot of unscrupulous companies and individuals who pose to be authorized by the Insurance department and make money. This is where the experts always stress that before buying health insurance, make sure that the selling company is authorized.

According to online news, some consumers in Florida complained that the policies issued were not for major medical insurance coverage, as represented, but for unauthorized limited benefit plans. Of course a regular trick for frauds!

After the investigations, complaints were found true and therefore the orders followed. Those involved in this unauthorized selling could face thousands of dollars in fines if they violate the order.

The companies are identified as:
* Beema-Pakistan Co. Ltd.
* Serve America Assurance Ltd.
* Real Benefits Association
* Affinity Group Benefits Association
* American Trade Association
* Smart Data Solutions LLC
* SDS Management Group

Wednesday, June 16, 2010

1 million Florida children are without health insurance

Another stat is out—uninsured children flood Florida!

Lawton Chiles said that he would voice for those who traditionally have been cut out of the democratic process.

"I'm here to speak for 1 million Floridians who today are out of work, for almost 1 million children who have no health insurance in this state and for millions of Florida citizens like me, who believe that Florida can and must do better by its families and by its communities," Chiles said.

The main point of our discussion is 1 million children without insurance. Now, if this is to be taken as true, what about the Florida KidCare program, which provides free or subsidized health insurance for children under the age of 19. Given the healthcare reforms gearing to offer health insurance to every citizen, this is a real good figure to take care about.

If you go by reports, there is lot of closeness with the figure though it could be a bit more than the actual one. So, the statement made by Lawton Chiles comes closer to the reality.

Do you, as a Floridian, think that this could be a real point for voting Chiles in? Share your thoughts with us.

Thursday, June 10, 2010

Florida Health-Care Reform lawsuit Got Some Fighting Chance

In what could turn out to be quite an interesting turn, Florida Attorney General Bill McCollum's lawsuit against the federal health-care reform law may be viewed favorably by the Pensacola-based U.S. Northern District Court of Florida. The new is quote note-worthy because prima-facie, the arguments of the lawsuits were deemed week.

The speculations are that the U.S. Supreme Court may be inclined to side with McCollum, given that the lawsuit reaches that far.

In March, the lawsuit was filed by McCollum and 19 Republican and one Democratic state attorney general—the argument stated that the new law infringes on people's rights by forcing them to buy health insurance or else face a tax penalty.

If the judges base their decisions on their political ideologies instead of recent legal precedent, there are higher chances that the reform law may be overturned, which of course may have further percussions.

Right from the start, the debate around the federal healthcare law has been going from one end to another. There are several parties in favour of it while others vehemently objecting its very foundation. We will be keeping you updated and notified as the news keep coming and what else happens in the health insurance industry. Till then, keep tuned...