Health insurers are facing ongoing challenges due to rising healthcare costs, a trend that has impacted their earnings and caused significant stock declines.
Tag: Healthcare
Rising Costs of Cancer Screening Tests Present Challenges for Insurers
A recent study published in the New England Journal of Medicine reveals the rising costs of cancer screening tests, posing significant financial challenges for the healthcare system and insurers.
Stealth Partner Group Releases June 2022 Stop-Loss State of the Market Report
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 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
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 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
Patients with High-Deductible Health Plans to Get Greater Flexibility
Millions of Americans in high-deductible health plans may find it easier to afford insulin, inhalers and other treatments for chronic health problems under guidance expected Wednesday by the Trump administration. The guidance from the Internal Revenue Service and the Treasury Department will create new flexibility for high-deductible health plans linked to special pretax health savings… Continue reading Patients with High-Deductible Health Plans to Get Greater Flexibility
Aon and Zesty.ai Revolutionize Underwriting with Property Data Solution Powered by Artificial Intelligence
Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, has established a strategic alliance with Zesty.ai, an InsurTech startup based in the San Francisco Bay Area. Zesty.ai’s technology enhances insurers’ underwriting through access to more than 130 billion data points on buildings and their surroundings which… Continue reading Aon and Zesty.ai Revolutionize Underwriting with Property Data Solution Powered by Artificial Intelligence