Insurance Space

The nation’s sweeping health care reform signed into law barely a month ago has yet to be implemented with most of its provisions delayed for another four years. Yet Senate Democrats aren’t letting any of that stop them from taking the federal government deeper into the health care business with a proposal to have Washington intervene to set insurance rates.

The bill by Sen. Dianne Feinstein of California would allow the secretary of Health and Human Services to review insurance premiums and stop any rate the secretary determines to be unreasonable in some states.

For many Americans between the age group of 55-64, retiring has become synonymous with forsaking health insurance security. Not many employers grant health coverage for the retirees who retire at an early age. Majority of these retirees find it difficult to buy coverage in the individual market because they have preexisting conditions such as diabetes or high blood pressure or simply find it expensive.

LEARN ABOUT HEALTH INSURANCE REFORM!

The health reform, signed into law, contains some great ideas that will make health insurance quotes inexpensive and affordable. It will also expand the health coverage to all the Americans, stabilize family budgets, make health system sustainable and will stabilize the Federal budget as well as the economy.