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While other carriers flee, UPMC Health Plan continues commissions for federal health insurance marketplace

October 31, 2016 Newswires No comments.

Oct. 31– UPMC Health Plan is paying brokers and agents $16 for new enrollees and $10 for renewing members in the government-subsidized health insurance market for 2017, a book of business that its biggest Pittsburgh competitor has been running away from with double-digit rate hikes and fewer plan options. UPMC announced the new rates Friday, a day after rival…

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Coloradans can expect higher premiums, fewer choices as open health care enrollment season begins

October 31, 2016

The turbulence in Colorado mirrors trends seen across the nation as the Affordable Care Act heads into its fourth sign-up season. “It’s a national problem, it’s a state problem and in some rural areas, it’s a really big problem,” said Joe Hanel of the Colorado Health Institute. The departure of two insurance carriers from the individual market and the decision by…

Obamacare open enrollment begins Tuesday with focus on Miami

October 31, 2016

At least 61 plans are available in Miami-Dade and 60 in Broward, with full-price monthly premiums ranging from less than $300 to nearly $1,000, depending on a consumer’s age, smoking status and county of residence. To be eligible for the premium tax credit, a Florida applicant’s annual household income must be at least 100 percent of the federal poverty line, or…

Retirement Planning: ‘We’re Woefully Unprepared’

October 31, 2016

Now a newly released AARP survey found some daunting specifics among Washington adults. Among AARP findings: 45 percent of statewide respondents had less than $25,000 saved for retirement, and more than a quarter had less than $5,000. “Just how little they’re saving is shocking,” said Doug Shadel, AARP state director.

Cone Health scores high in national safety survey

October 31, 2016

Moses Cone Memorial, Wesley Long and Annie Penn hospitals earned A grades in the Leapfrog Group’s study released Monday morning. Another Cone Health facility, Alamance Regional Medical Center, received a “B” in Leapfrog’s review, which is based on patient outcomes and other data. “While we deliver high-quality care at Cone Health, preventing additional problems…

Abolish MNsure? Governor Says, ‘We’ll See’

October 31, 2016

Oct. 31– Minnesota’s state-run health insurance exchange could be eliminated if it doesn’t perform well in the upcoming open enrollment period, Gov. Dayton, who championed MNsure, told Minnesota Public Radio’s Tom Weber that eliminating MNsure, as Republicans want to do, is one of several “legitimate ideas” for improving Minnesota’s broken individual health…

Highmark pulls out of federal insurance marketplace in York

October 31, 2016

Nov. 01– One of Pennsylvania’s largest health insurers has confirmed it will not sell plans to Yorkers on the federal health insurance marketplace, leaving residents with just two options. The Department of Insurance released 2017 rates on Oct. 17 and included one HHIC product sold on the exchange in Rating Area 7, which includes York, Lancaster, Berks and Adams…

Affordable Care Act health insurance will be costlier in KC area in 2017

October 31, 2016

“And it’s not exactly the same plan because the deductible is higher,” said Thompson, 60. “But thank God they are still here.” By “they,” Thompson meant Blue Cross and Blue Shield of Kansas City, one of a dwindling number of insurers still participating in the HealthCare.gov marketplace that provides coverage options for people in Missouri, Kansas and other states that…

Clinton, emails Retention election Catholics attacked Obamacare

October 31, 2016

The Capital recently published a letter from Judi Fey comparing Hillary Clinton’s mishandling of classified emails to the wholesale theft of classified documents by Harold Martin. I’m sure the Department of Defense servers warn senders when they are about to send an email to a non- DOD computer. It is unrealistic to require her to be in a DOD- secure facility 24/…

Trump electrifies Albuquerque crowd

October 31, 2016

Susana Martinez, Republican presidential nominee Donald J. Trump jetted into New Mexico on Sunday night to rally his base and demonstrate he could speak to the issues of a state pollsters say Hillary Clinton appears likely to win. He reiterated many of the same talking points he has used around the country in recent days, but also railed about health insurance…

A.M. Best Special Report: Japan’s Aging Population Drives Private Health Insurance Demand

October 31, 2016

Japan’ s private health insurance market has been actively developed, driven by the robust growth of third-sector insurance products over the past 10 years, according to a new A.M. Best report. The third-sector insurance market includes coverages for medical, cancer, nursing care, personal accident and income compensation, has seen in-force annualized…

Omega Announces Third Quarter 2016 Financial Results; $428M of New Investments and Increased Dividend for 17th Consecutive Quarter

October 31, 2016

Omega Healthcare Investors, Inc. today announced its results of operations for the three-month period ended September 30, 2016. The Company reported for the three-month period ended September 30, 2016 net income of $82.1 million, or $0.40 per common share, Funds From Operations of $162.6 million or $0.80 per common share, and Funds Available For…

Allied World Reports a 96.2% Combined Ratio for the Third Quarter 2016

October 31, 2016

Allied World Assurance Company Holdings, AG today reported net income of $68.6 million, or $0.77 per diluted share, for the third quarter of 2016 compared to a net loss of $51.6 million, or $0.57 per diluted share, for the third quarter of 2015.. Partially offsetting this were reductions in healthcare and property lines. The Global Markets Insurance segment…

A.M. BestTV: Indonesian Reinsurance Markets Brace for Impact of Rules Changes

October 31, 2016

In this A.M. BestTV episode from the 22nd Annual Indonesia Rendez-vous in Bali, insurers said recent rule changes that direct a large share of Indonesia’s reinsurance premium inside the country mean local reinsurers must underwrite prudently and be able to handle claims in a crisis. “The impact on regulation in Indonesia is really needed,” said Pieter Daniel…

Work Injury Claims “Don’t Have to Be Stressful,” Says Darwin Johnson

October 31, 2016

Atlanta, GA—- 10/31/2016– The worker’s compensation lawyer who serves Atlanta, Darwin F. Johnson, is encouraging injured victims whose employers and insurance companies are ignoring the seriousness of their injuries not to panic. Since opening his doors, Johnson has represented countless work injury victims, and has settled more than $25 million for his…

Why Covered California isn’t seeing the same rate hikes as the rest of the country

October 31, 2016

Oct. 31– Starting today through Jan. 31, Californians who don’t have employer-based health insurance or Medicare can sign up for health insurance through the state’s marketplace, Covered California. Covered California has already posted average premium increases of 13.2 percent, compared with a nationwide average of 25 percent. California as a state did two…

Supreme Court Orders Insurance Coverage for Ranchers’ Claims

October 31, 2016

Watertown, SD—- 10/31/2016– The Supreme Court has reversed a lower court ruling that favored DeSmet Mutual Insurance Company in a claim brought by the Papousek family of Quinn, SD for cattle lost in the 2013 Winter Storm Atlas. When the Papouseks lost 93 yearling heifers in the storm, worth $3,000 a head, a doctor of veterinary medicine concluded the cattle “…

Anthem Blue Cross Accountable Care Organizations Show Improved Quality, Save $70.4 Million Over 12 Months

October 31, 2016

By providing more coordinated care and through the use of advanced algorithms that more precisely target necessary interventions, Anthem Blue Cross and its 17 Accountable Care Organization partners provided both high quality care to Anthem PPO members and managed the cost of care to save $70.4 million over a measurement period lasting 12 months for each…

Chubb Sets Sights on Small Technology Firms with New Business Owner’s Policy

October 31, 2016

–Chubb has expanded its business owner’s policy, Chubb BOP, to the technology industry by crafting specialized insurance features and benefits to meet the unique risks faced by small businesses in the technology segment. “Expanding our recently launched Chubb BOP into the rapidly growing technology industry makes perfect sense,” said Jim Williamson,…

The Advantages of Using Online Car Insurance Quotes to Shop for Coverage!

October 31, 2016

LOS ANGELES, Oct. 31, 2016/ PRNewswire-iReach/– Onlinecarinsuranceinfo.com has released a new blog post presenting the advantages of comparing online car insurance quotes. A professional brokerage website like http://onlinecarinsuranceinfo.com/ will use a search engine to select quotes for each individual driver. Since auto insurance prices are…

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