June 29– The U.S. Supreme Court’s ruling to uphold the national health reform law Thursday ushers in a variety of changes to Maine’s health care landscape. About 10 percent of Maine’s population, or 126,000 people, is uninsured, according to the Kaiser Family Foundation. However, it remains to be seen whether Maine will choose to expand its Medicaid program, known…
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Thursday’s mandate upheld everything except how it will deal with states that don’t expand their Medicaid coverage. The health care act will add 300,000 Kentuckians who can’t afford health insurance to the Medicaid program, officials say. Expanded Medicaid insurance will be important to many people, particularly men, Keyser said.
June 29– The Obama administration’s bid to ensure that nearly every American has access to affordable health insurance has cleared a significant hurdle with the Supreme Court’s decision Thursday upholding virtually all key provisions of the controversial law. For now, the Supreme Court’s decision could benefit people with low- to middle-class incomes who…
But with the law upheld, it means the state Legislature likely will have much work to do in the next two years to meet the deadlines Congress imposed for fully enacting the PPACA by 2014.. Among the areas where state legislatures will have some role to play is in establishing the health insurance exchanges, where those without insurance can shop for care, and…
Alan Bauer, former President, Progressive Direct and a renowned insurance innovator. Under his leadership, Progressive was the first to sell auto insurance over the Internet, as well as a pioneer in offering online tools for self-service options. Meryl Golden, General Manager North America Operations, Earnix. Working for Liberty Mutual and Progressive, she had…
Brown& Brown Insurance of Nevada Inc., a subsidiary of Brown& Brown Inc., acquired select assets of Insurcorp and Maalouf Benefit Resources, which recently combined under the name Insurcorp. Brown& Brown, headquartered in Tampa and Daytona Beach, Fla., provides insurance and reinsurance products and related services. C. Roy Bridges, who leads Brown& Brown’s Nevada…
Lowe Enterprises Investors has acquired the Hotel Derek, a 314- room independent boutique hotel in the prominent Galleria area of Houston, on behalf of a national hotel investment venture LEI formed last year with The Guardian Life Insurance Company of America and a subsidiary of Allstate Insurance Company. Concurrent with the sale, LEI affiliate,…
On the contrary, the U.S. propertycasualty industry contributed more than $500 million to charity in 2010, according to the McKinsey& Company report “Charitable Giving in the Property& Casualty Insurance Industry.” “We’re committed to breaking down barriers to success and creating opportunities through education, arts, culture and community development,”…
A.M. Best Co. has affirmed the financial strength rating of A and issuer credit rating of“ a” of The Empire Life Insurance Company. Concurrently, A.M. Best has affirmed the debt rating of“ bbb+” on the CAD 200 million 6.73% subordinated unsecured fixed/floating debentures due May 20, 2019 of Empire Life. A.M. Best believes that Empire Life’ s leverage ratios are within…
Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc., today announced an enhanced support structure for all credit union and community bank customers. As a part of this enhanced strategy, Radian has announced the appointment of Kristi Helmlinger as assistant vice president, credit union lead and Jennifer Plagens as assistant vice…
June 29– Like members of the U.S. Supreme Court, Wall Street reached a split decision on health care reform Thursday. Shares of North Kansas City- based Cerner Corp. followed the broad market’s trend despite the company’s business of providing software information systems to hospitals. Shares fell in the morning but finished 37 cents higher at $78.03.
Senator Jack Reed today released the following statement on the U.S. Supreme Court’s decision to uphold the landmark health insurance reform law known as the Affordable Care Act:. In upholding the law, the Supreme Court acted not only in accordance with the Constitution, but in the best interests of the nation and our economic future. And during the debate in…
Washington– Senator Dianne Feinstein made the following statement today after the U.S. Supreme Court upheld the Affordable Care Act:. The Supreme Court today upheld the health care reform law passed by Congress in 2010, meaning Californians can be confident that access to affordable health insurance is finally a reality. “Because of today’s decision,…
Good morning Chairman Biggert, Ranking Member Gutierrez and other distinguished Members of the Committee. My name is David Berenbaum and I am the Chief Program Officer for the National Community Reinvestment Coalition. On behalf of our coalition, I am honored to testify before you today from both a consumer protection and a safety and soundness perspective…
CM program keeps high utilizers out of hospital. A care management program that concentrates on high-cost and high-utilizing patients with complex medical and psychosocial needs has reduced the overall readmission rate at the University of Michigan Hospitals and Health Centers to 17.4%, down from 20% when the initiative began. A team of nurse care…
LITTLE ROCK, Ark.– Arkansas’ Medicaid program and private health insurers announced a plan Thursday to control health care costs by paying providers for successful outcomes and not by the number of times a doctor sees a patient. Arkansas Department of Human Services Director John Selig spoke with executives from major health insurance providers in Arkansas…
Fidelity Investments ® today announced it is expanding its retirement income product offering to include deferred income annuities, which enable pre-retirees to turn a portion of their savings into a guaranteed, pension-like stream of lifetime income in the future. “By offering deferred income annuities, Fidelity now has a solution for investors who don’ t…
June 29– Members of the Greater Hazleton Area have varying opinions on the affordable health care mandate dubbed Obamacare. Thursday, the Supreme Court upheld the mandate that will require Americans to obtain health insurance or pay a tax. Eve Jones, a Hazleton native, doesn’t have health insurance.
June 29– I’ve been hearing from consumers that the Texas Insurance Department hasn’t been– how shall I put it? Add to that a decision– apparently by Insurance Commissioner Eleanor Kitzman, appointed by Gov. Rick Perry 10 months ago– to remove from the department’s public website a list of bad players in the insurance industry and the enforcement actions against…
