Industry News

Aetna CEO: Health Insurers Face Extinction

Health Insurance - Tue, 02/21/2012 - 23:00
It’s not often that you hear the leader of Fortune 100 company publicly acknowledge the imminent demise of his venerable, profitable business model. Yet, speaking at the HIMSS12 Conference in Las Vegas, Aetna CEO, Chairman and President Mark Bertolini, said a reckoning for the traditional health insurance model was ...

Insurance Coverage Might Steer Women To Costlier — But More Effective — Birth Control

Health Insurance - Mon, 02/20/2012 - 23:00
In the heated debate over to what extent religiously affiliated employers should be required to provide free contraception for workers, no one has talked much about what methods are available to women who want to prevent pregnancy and how their choices might change if cost were removed from the equation. ...

Rising costs, health care reform law create more interest in self-funding

Health Insurance - Mon, 02/20/2012 - 23:00
As health care costs continue to climb, many midsize employers are turning to self-funding as a cost-effective way to provide health benefits to their employees. Fifty-eight percent of employers with 200 to 999 employees self-funded their health care programs in 2010, up from 44% in 1999, according to the ...

How To Find Suitable Private Health Insurance

Medical Insurance News - Mon, 02/20/2012 - 15:00
Private health insurance is the main source of health coverage for the majority of people in the United States. Approximately 58% of all Americans have private health care coverage. For elderly citizens and eligible children and families from low-income households, public programs are the primary source of health cover. Public programs include Medicare, Medicaid, and SCHIP...

States strike at ‘Obamacare,’ seek to exempt insurers, employers from birth-control coverage

Health Insurance - Sun, 02/19/2012 - 23:00
BOISE, Idaho — Republican lawmakers in a handful of states are opening another front in the war against President Obama’s health care overhaul, seizing on the hot-button issue of birth control with bills that would allow insurance companies to ignore new federal rules requiring them to cover contraception. Measures ...

Study Finds Ending Individual Mandate Would Not Dramatically Hike Insurance Prices

Medical Insurance News - Sun, 02/19/2012 - 01:00
A new RAND Corporation study concludes that eliminating a key part of health care reform that requires all Americans to have health insurance would sharply lower the number of people gaining coverage, but would not dramatically increase the cost of buying policies through new insurance exchanges. The study comes as the U.S...

Insurance industry could take hit from birth control mandate

Health Insurance - Sat, 02/18/2012 - 23:00
The insurance industry is concerned it will take a hit from the Obama administration’s mandate that they provide birth control in health plans for employees of religious organizations that object to the coverage. Publicly, the health insurance industry has avoided getting involved in the fight. But in private, ...

Obama's 2013 budget plan would ramp up health care savings

Health Insurance - Tue, 02/14/2012 - 23:00
WASHINGTON (Reuters)—President Barack Obama on Monday proposed more aggressive deficit reductions through savings from Medicare, Medicaid and other federal health care programs than the White House put forward just five months ago. The president's budget proposal for fiscal year 2013 seeks a total of $364 billion in health care ...

No end near in uproar over insurance coverage of contraception

Health Insurance - Tue, 02/14/2012 - 23:00
President Obama's efforts last week have failed to quell the fury over his decision to require most health plans to cover contraception. Republicans are still promising a fight in Congress, and two leading Catholic groups remain on the fence although the administration thought they had been won over. In ...

Improved Access To Care For Young Adults Allowed To Stay On Parents' Health Insurance

Medical Insurance News - Mon, 02/13/2012 - 03:00
Researchers from Mount Sinai School of Medicine have found that laws permitting children to stay on their parents' health insurance through age 26 result in improved access to health care compared to states without those laws. This analysis indicates the potential positive impact of a key provision of the Patient Protection and Affordable Care Act of 2010 (ACA)...

Catholic Bishops Oppose Compromise on Birth-Control Insurance

Health Insurance - Sat, 02/11/2012 - 23:00
Catholic bishops said Friday night that they would not support the Obama administration's proposed compromise on a controversial rule that requires most employers to fully cover contraception in their workers' health plans. The U.S. Conference of Catholic Bishops, which had led opposition to the regulation, issued a statement saying ...

Although The Financial Burden Of Prescription Drugs Is Dropping, Costs Remain A Challenge For Many

Medical Insurance News - Fri, 02/10/2012 - 01:00
The financial burden Americans face paying out-of-pocket costs for prescription drugs has declined, although prescription costs remain a significant challenge for people with lower incomes and those with public insurance, according to a new RAND Corporation study...
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