The U.S. Census Bureau released its latest findings (2023) on income, poverty, and health insurance coverage. The report highlights improvements in household income and a slight reduction in poverty, while health insurance coverage rates remained largely unchanged.
Tag: health insurance
CMS to Rework Quality Ratings for Medicare Advantage Plans
UnitedHealth, Humana, and other insurers offer Medicare Advantage plans under which they are paid a set rate by the government to manage healthcare for people aged 65 and older or with disabilities.
Climate Change Has Hit Home Insurance. Is Health Insurance Next?
Climate change is making house insurance more expensive and harder to get. Health insurance could be next, as research shows extreme heat and wildfires are putting more people in the hospital.
Health Insurers Must Streamline Prior Authorization Decisions, New Rule Says
The Biden administration on Wednesday finalized requirements to streamline the process for doctors and patients seeking health insurance approval for medical care and treatments.
Senators Call for Investigation of Health Insurers’ Role in Driving Up Drug Costs
A pair of U.S. senators called on the federal government to investigate health insurers that are paying high prices for generic drugs for serious diseases like cancer and multiple sclerosis.
Insurers Spar with Biden Administration Over Coverage for Mental Health Care
The Biden administration wants to impose new requirements on insurers that it says would reduce out-of-pocket costs for mental-health care and substance-use-disorder treatment. The insurance industry is firing back, arguing the proposal would drive up prices and set impossible-to-meet standards.
Health Insurance Premiums Catching Up to Record Inflation Over the Past Few Years
Inflation that has sent the cost of groceries and rent soaring over the past three years is now surfacing in health insurance.
Surge in Health Insurance Costs Pose Next Challenge for Finance Chiefs
Companies are seeing health-insurance costs climb at the steepest rate in years, a trend that has finance chiefs looking for ways to remain competitive with job seekers while managing those higher expenses.
Cigna Is Paying Over $172M to Settle Medicare Advantage Reimbursement Claims
Health insurance provider The Cigna Group will pay more than $172 million over claims it gave the federal government inaccurate Medicare Advantage diagnoses codes in order to inflate reimbursement.
Market Fundamentals Drive Growing Demand for Health Reinsurance: AM Best
The demand for health reinsurance solutions in the United States and globally continues to grow amid expensive new treatments and therapies, as well as pressure on capital associated with government business, according to a new AM Best report.