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The End of Health Insurance CompaniesMonday, January 30th, 2012
Here’s a bold prediction for the new year. By 2020, the American health insurance industry will be extinct. Insurance companies will be replaced by accountable care organizations — groups of doctors, hospitals and other health care providers who come together to provide the full range of medical care for patients. ...
LTC measure to get vote on repeal in HouseSunday, January 29th, 2012
WASHINGTON—The U.S. House of Representatives this week will vote on legislation that would kill a health care reform law provision to establish a voluntary long-term care program, House Speaker John Boehner, R-Ohio, said. “We will repeal the CLASS Act,” Speaker Boehner said during an address last week before the ...
Family Health Insurance Costs Doubled in 7 Years, Study FindsFriday, January 27th, 2012
If you’ve seen your health insurance premiums increase along with your deductible, you’re not alone. A recent study by the Commonwealth Fund shows just how much more consumers are paying for employer-provided health insurance. Total premiums — the amount paid by both employers and workers combined — for family ...
Health insurance costs could be offset by wellnessMonday, January 23rd, 2012
How happy are you on a scale of 1 to 10? How many days did you exercise last week? How many vegetables did you eat yesterday? How financially secure do you feel? This isn't a questionnaire people are filling out in the doctor's office waiting room. It's information their ...
28 states act on insurance exchangesWednesday, January 18th, 2012
The Obama administration said Wednesday that 28 U.S. states have taken steps to establish insurance exchanges under the 2010 health care law, despite the legal and political uncertainties threatening the overhaul. Fourteen states, including several led by Republican governors, have enacted legislation or have the authority in place to ...
House committee kills long-term care provision of health reform lawWednesday, January 18th, 2012
WASHINGTON—The House Ways and Means Committee on Wednesday voted to kill a health care reform law provision that would set up a voluntary long-term care program. In October, Health and Human Services Secretary Kathleen Sebelius said the administration suspended implementation of the program, saying that because of its voluntary ...
Learning to Be LeanTuesday, January 17th, 2012
As one of the many outgrowths of the sweeping federal health care law, health insurers and employers must now pay the cost of screening children for obesity and providing them with appropriate counseling. With about one in three children in the United States obese or overweight, according to government ...
U.S. property/casualty pricing in early stages of hard marketThursday, January 12th, 2012
NEW YORK—The U.S. property/casualty insurance industry is in the early stages of a hard market, according to a survey of industry executives released Wednesday by the Insurance Information Institute Inc. In fact, 72% of the attendees who responded to the survey at the Property/Casualty Insurance Joint Industry Forum this ...
Recession Holds Down Health SpendingTuesday, January 10th, 2012
WASHINGTON — National health spending rose a slight 3.9 percent in 2010, as Americans delayed hospital care, doctor’s visits and prescription drug purchases for the second year in a row, the Obama administration reported Monday. The recession, which lasted from December 2007 to June 2009, reined in the growth ...
Older workers affect workers comp loss costs less than expectedThursday, January 5th, 2012
Despite an increasing number of aging U.S. workers, older employees have had a smaller-than-expected effect on workers compensation loss costs, according to NCCI Holdings Inc. In a report released Wednesday, Boca Raton, Fla.-based NCCI found similar average loss costs for all groups of workers ages 35 to 64. Additionally, ...
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