Walt Disney, Bloomberg, Starbucks and Deloitte are among those taking actions next year to rein in healthcare spending, from restricting spousal coverage to eliminating plan options or cutting drug benefits to deal with soaring costs. Insurer Aon predicted even higher costs, with U.S. employer healthcare costs increasing 9.5% next year, pushing average…
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An Edina ophthalmologist had to quickly resurrect his business this week after UnitedHealthcare incorrectly told some of his patients he was dead. Richard Johnston’ s clinic in Edina started fielding calls last week from anxious patients who received the mistaken news in letters from their health insurer. Blue Cross and Blue Shield of Minnesota and…
A car crash can be over in seconds. The National Association of Insurance Commissioners says some states set specific deadlines for insurance claims, while others simply require insurers to pay claims within a "prompt and reasonable" time. To compare how those timelines vary, Temple Injury Law, a personal injury law firm, reviewed claims-settlement provisions…
BOISE, Idaho— Joshua and Ashley Durham run a family medicine practice, and for the first time in their lives, they have no health insurance. "It's nerve-racking," said Joshua Durham, 47. "It just takes, you know, one little accident, and then you got a big fat bill." Nationwide, 7% of all healthcare workers were uninsured in 2024, compared with 11% of all adults under 65,…
The Federal Reserve announced a 0.25% interest rate hike on Sept. 16, raising its benchmark interest rate into the 3.75% to 4% range. "The plain fact is that inflation is too high, and has been for too long," new Fed Chairman Kevin Warsh said after the announcement. Inflation has remained above the Fed' s 2% target for more than five years, worsening since the start of the…
The sale of assets of Searles Valley Minerals and affiliated companies in Trona closed as expected on Thursday. Closing of the sale of assets of the Trona companies to 5 E Advanced Materials, Inc., announced on Sept. 15 and approved by the court on Sept. 21, has been finalized according to a filing 5 E made with the Securities and Exchange Commission on Oct. 1.
TEXARKANA, Texas– CHRISTUS Health Plan will stop offering Medicare Advantage plans in 2027, leaving thousands of seniors in East Texas, including Bowie, Cass and Red River counties, to find new coverage before the end of the year. The Irving- based insurer, owned by the same Catholic health system that runs CHRISTUS St. Michael in Texarkana, is one of 11 carriers…
Governor Gavin Newsom has signed nine Department of Insurance-sponsored bills this year championed by Insurance Commissioner Ricardo Lara, delivering major new protections for wildfire survivors, increasing accountability for insurers, modernizing consumer safeguards, and expanding access to critical health care services for Californians.
Healthcare workers see rising insurance costs Healthcare workers face soaring health insurance costs
BOISE, Idaho- Joshua and Ashley Durham run a family medicine practice, and for the first time in their lives, they have no health insurance. "It's nerve-racking," said Joshua Durham, 47. "It just takes, you know, one little accident, and then you got a big fat bill." Nationwide, 7% of all healthcare workers were uninsured in 2024, compared with 11% of all adults under 65,…
The following information was released by the Montana Commissioner of Securities and Insurance:. State Auditor James Brown recognizes the Montana Supreme Court's recent ruling affirming the conviction of a Butte bail bondsman for deliberate homicide by accountability and aggravated burglary, and in doing so, providing legal clarity on restrictions for…
Chairman Warsh Partners with GSA Following Explosive OIG Report Finding Federal Reserve Renovation Costs Rose from $1.3 B to $2.4 B Under Previous Chairman Powell's Leadership. WASHINGTON, D.C. Yesterday, Federal Reserve Board Chairman Kevin Warsh announced that the U.S. General Services Administration will serve as Project Executive for the central…
The following information was released by the Federal Reserve Bank of Boston:. Rural New England doesnt fit some stereotypes about rural America with its diverse landscape and lower unemployment, according to Federal Reserve Bank of Boston President Susan M. Collins. Collins was interviewed by Axios reporter Neil Irwin along with two other Reserve Bank…
Instead, they added even more convoluted requirements that will deprive people of health care they are entitled to.– Nebraska is the canary in the coal mine for issues that most states will face when they begin implementing these work requirements. As they do, they should make sure red tape doesn’ t strip people of health care.– Nebraska’ s efforts to implement new,…
Support for expanding and improving federal Medicare to cover every U.S. resident is growing but will not advance until we have a new administration in Washington. There is an immediate step in the right direction that New Jersey can take- removing the private Managed Care Organizations that administer Medicaid in New Jersey. According to Physicians for a…
Sep. 30— Property-and-casualty insurer The Hartford announced Wednesday that its CEO, Christopher Swift, planned to step down from the position next year, and that the company's president, A. Morris "Mo" Tooker, would succeed him. Tooker, 57, is scheduled to start as CEO on the same date, a changeover that will make him the 17th person to hold the top position at one of…
Angela Chang says the sticker shock never gets easier. But Chang, chief strategy officer at KCAL Insurance, also knows there's only so much left in people's pockets, especially with food and gas prices rising too. Nearly two in three Californians worry about unexpected medical bills, and six in 10 report they or a family member skipped care due to cost, according to…
A car crash can be over in seconds. The National Association of Insurance Commissioners says some states set specific deadlines for insurance claims, while others simply require insurers to pay claims within a "prompt and reasonable" time. To compare how those timelines vary, Temple Injury Law, a personal injury law firm, reviewed claims-settlement provisions…
2026 OCT 01– By a News Reporter-Staff News Editor at Insurance Daily News– Investigators publish new report on Managed Care. According to news originating from New York City, New York, by NewsRx correspondents, research stated,“ Mitral valve transcatheter edge-to-edge repair has reshaped the management of mitral regurgitation in high surgical risk patients.
2026 OCT 01– By a News Reporter-Staff News Editor at Insurance Daily News– A new study on Managed Care is now available. According to news originating from Hanover, New Hampshire, by NewsRx correspondents, research stated,“ In 2024, Medicare introduced principal illness navigation peer support reimbursement codes, creating the first nationwide reimbursement…
