Health Insurers Risk Higher Costs Without Modern Claims Adjudication

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As healthcare costs rise and member expectations increase, many insurers face challenges due to outdated claims adjudication systems. A new report from Info-Tech Research Group emphasizes the need for modernization to improve accuracy, reduce administrative expenses, and meet regulatory and customer demands. Legacy Systems Create Inefficiencies According to Info-Tech Research Group, legacy adjudication systems remain… Continue reading Health Insurers Risk Higher Costs Without Modern Claims Adjudication

Stealth Partner Group Releases June 2022 Stop-Loss State of the Market Report

AMWINS launches instant quote-bind platform

Stealth Partner Group, an Amwins company and premier stop-loss general agency, released its State of the Market report, providing up-to-date market intelligence on health care and employer stop-loss trends, effects of COVID-19 on the overall market, insights on high-cost claims conditions, suggested cost-saving considerations and benchmarking data from Stealth’s book of business. “As more organizations… Continue reading Stealth Partner Group Releases June 2022 Stop-Loss State of the Market Report

UnitedHealth Says Deferred Care Demand Not as High as Feared

UnitedHealth Group Inc raised its profit forecast for 2022 modestly on Thursday, saying demand for healthcare procedures postponed during the pandemic was approaching normal levels but had not increased as expected. In early trading, shares of the largest U.S. health insurer rose as much as 3% to a record high of $553.29 before falling back… Continue reading UnitedHealth Says Deferred Care Demand Not as High as Feared

Walmart to Sell Medicare Plans in Latest Healthcare Push

Walmart closes health centers

Walmart Inc said on Tuesday it would sell Medicare insurance plans in 50 states and Washington D.C. through its broker, marking the U.S. retailer’s latest move into the healthcare space. Walmart Insurance Services LLC, which was launched in July, will offer policies from health insurers such as Humana Inc, UnitedHealth Group and Anthem Blue Cross… Continue reading Walmart to Sell Medicare Plans in Latest Healthcare Push

Cigna Unveils New Evernorth Brand as Health Insurers Diversify

Cigna Corp. unveiled a new brand division that will house its health-services businesses including drug-plan manager Express Scripts, in the latest sign that companies traditionally known for selling insurance see their future in competing in broader health-care markets. Called Evernorth, the unit will encompass Express Scripts, which Cigna bought in 2018 for $66 billion, and… Continue reading Cigna Unveils New Evernorth Brand as Health Insurers Diversify

Advocates Call for ACA Open Enrollment Extension after Website Glitches

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Democratic lawmakers and health care advocates are calling on the Trump administration to extend the deadline for ObamaCare open enrollment after reports of widespread glitches with the healthcare.gov website. For the 38 states that use healthcare.gov, Sunday is the last day to sign up for ObamaCare plans for coverage beginning Jan. 1, 2020. According to… Continue reading Advocates Call for ACA Open Enrollment Extension after Website Glitches

EPIC Insurance Brokers & Consultants Announces Launch of New Healthcare Practice

EPIC

EPIC Insurance Brokers & Consultants (Edgewood Partners Insurance Center or EPIC), a retail property and casualty insurance brokerage and employee benefits consultant, announced today the expansion and reorganization of its healthcare practice. The new healthcare practice will be rebranded and serve clients as Edgewood Healthcare Advisors. The practice combines the resources and specialists gained through… Continue reading EPIC Insurance Brokers & Consultants Announces Launch of New Healthcare Practice