A global pandemic did what no health expert or innovation has been able to do in decades. It significantly lowered health care spending costs compared to original 2020 projected levels for most U.S. employers that pay employee medical, dental and vision claims through insurance carriers. While carrier responses varied significantly, 2020 medical claims are projected… Continue reading U.S. Employers to Experience Lower Health Benefit Costs in 2020 Due to COVID-19 Impact
Tag: medical insurance
For Many Pandemic Victims, Lingering Effects Stress Insurance Coverage
The new coronavirus that infected Tricia Sales in March still plagues her. The horse trainer and onetime cocktail server deals with dizziness and nausea. At times, she can’t feel her hands and feet. Her five-month struggle has meant specialists, drugs, a spinal tap, imaging scans and 15 hospital visits. The uninsured single mother said she… Continue reading For Many Pandemic Victims, Lingering Effects Stress Insurance Coverage
UnitedHealth Raises Profit View as Revenue from Pharmacy Benefits Grows
UnitedHealth Group Inc on Tuesday raised its 2019 earnings forecast for the third time this year, bolstered by higher revenue at its unit that manages pharmacy benefits as well as its core health insurance business. Shares of the company, which also beat Wall Street profit estimates for the quarter, rose 2.9% to $227 in premarket… Continue reading UnitedHealth Raises Profit View as Revenue from Pharmacy Benefits Grows
Big Employers Will Use Online Startup to Save on Medicine Costs
A group of large employers plans to use a new online prescription-savings tool as they confront high drug costs and try to steer patients to the most cost-effective medicines. The Health Transformation Alliance, a coalition of more than 40 big companies that includes IBM Corp., Verizon Communications Inc. and American Express Co., has agreed to… Continue reading Big Employers Will Use Online Startup to Save on Medicine Costs