The percentage of U.S. adults without health insurance reached a four-year high in the last quarter of 2018, but was still well below the peak level seen before Medicaid expansion under the Affordable Care Act in 2014, a new Gallup survey published Wednesday found. The national uninsured rate climbed to 13.7 percent in the fourth… Continue reading Rate of Americans without Insurance Rises to 4-Year High As Health Law Weakened
Tag: health insurance
CT Insurance Dept. Recoups $8M for Policyholders, Taxpayers
The Connecticut Insurance Department said it recovered nearly $8 million for policyholders and taxpayers in 2018, according to Acting Commissioner Paul Lombardo. Lombardo, serving in place of former Commissioner Katharine L. Wade, on Friday said his agency’s Consumer Affairs Unit handled 6,350 complaints and inquiries in 2018, resulting in over $5.5 million being returned to… Continue reading CT Insurance Dept. Recoups $8M for Policyholders, Taxpayers
States Led by Democrats Press Ahead with Health-Care Expansion Plans
Democratic-led states and cities are moving swiftly to push expanded public health-care proposals following their November midterm victories, drawing criticism from some Republicans and spurring debate over the potential high costs. Since the new year, California Gov. Gavin Newsom, who took office this week, has proposed health coverage for more undocumented immigrants and advocated bigger… Continue reading States Led by Democrats Press Ahead with Health-Care Expansion Plans
The $9 Billion Upcharge: How Insurers Kept Extra Cash from Medicare
Each June, health insurers send the government detailed cost forecasts for providing prescription-drug benefits to more than 40 million people on Medicare. No one expects the estimates to be spot on. After all, it is a tall order to predict the exact drug spending for the following year of the thousands of members in each… Continue reading The $9 Billion Upcharge: How Insurers Kept Extra Cash from Medicare
Federal Judge Allows Affordable Care Act to Remain in Effect During Appeals
A federal judge who recently declared the Affordable Care Act unconstitutional stayed his ruling to allow for appeals, keeping the Obama-era health law in effect while litigation continues. U.S. District Judge Reed O’Connor in Fort Worth, Texas, wrote in a ruling issued Sunday that he stands by his earlier conclusion that the entire law is… Continue reading Federal Judge Allows Affordable Care Act to Remain in Effect During Appeals
Chris Anderson to Lead Finance at Combined Insurance as Senior Vice President, CFO
Combined Insurance, a leading provider of individual supplemental accident, disability, health, and life insurance products, and a Chubb company, announced Chris Anderson as the company’s new Senior Vice President, Chief Financial Officer. Anderson previously held the role of Controller at Combined Insurance, and is now responsible for the end-to-end leadership of the company’s Finance function.… Continue reading Chris Anderson to Lead Finance at Combined Insurance as Senior Vice President, CFO
Cigna and Express Scripts Seal $54 Billion Merger
Cigna Corp. completed its $54 billion acquisition of Express Scripts Holding Co. , setting up a battle among giant health companies to try to cut health-care costs by managing both medical and drug benefits. The Cigna deal, which won an antitrust nod from the Justice Department without requiring divestitures, brings together a health insurer with… Continue reading Cigna and Express Scripts Seal $54 Billion Merger
ACA Ruling by Texas Federal Judge Casts Uncertainty on Coverage for Millions of Individuals
Obamacare was struck down by a Texas federal judge in a ruling that casts uncertainty on insurance coverage for millions of U.S. residents, drawing sharp condemnation from some medical professionals and a vow for action by top Democrats. President Donald Trump termed the ruling “a big big victory by a highly respected judge” and an… Continue reading ACA Ruling by Texas Federal Judge Casts Uncertainty on Coverage for Millions of Individuals
Insurance Customers Feel Undervalued: UK Survey
New research from customer benefits and loyalty firm Collinson has found that many insurance customers are unhappy with the treatment they receive from their insurers. In particular, customers are not receiving the personalised experience that they increasingly crave and, according to Collinson, this is jeopardizing loyalty. The survey, which took in responses from more than… Continue reading Insurance Customers Feel Undervalued: UK Survey
Chubb Introduces Gap Supplement Insurance to Help Offset Rising Out-of-Pocket Medical Expenses for Consumers
Chubb has introduced its new Gap Supplement Medical plan – an enhanced supplemental healthcare insurance product designed to reimburse consumers for qualifying out-of-pocket expenses not reimbursed by their medical insurance plans. Chubb is among the few property and casualty companies to incorporate gap supplement insurance into its product suite to help provide customers with more… Continue reading Chubb Introduces Gap Supplement Insurance to Help Offset Rising Out-of-Pocket Medical Expenses for Consumers