Administration Pushes Conservative Goals in Health-Care Market Changes

Insurers May Now Charge Higher Premiums to Seniors The administration would like to see the ACA market to reign in some features, such as allowing insurers to charge higher premiums to older people.  Suggested changes include: Allowing insurers to charge older people five times as much as younger people Expanding access to health savings accounts [...]

Nation’s Biggest Health Insurer to Pass Drug Rebates to Customers

The nation’s biggest health insurer will pass drug maker rebates along to some customers starting in 2019, giving a potential break to those taking expensive prescriptions. UnitedHealthcare said Tuesday it will let people covered by certain employer-sponsored health plans collect rebates when they fill prescriptions or at the point of sale. Those rebates could amount [...]

By | March 5th, 2018|Did You Know?, Health Care, Insurance|0 Comments

The Real Competitive Advantage For Insurers

Up to 75% of insurance companies’ premium income goes toward paying claims. That’s why reducing the cost of claims processes offers insurers the best opportunity to impact their bottom lines. Companies that achieve operational excellence and differentiation in claims management can realize a competitive advantage resulting in better claims outcomes, reduced costs, and greater efficiency. [...]

By | February 28th, 2018|Did You Know?, Health Care, Insurance, Services|0 Comments

Healthcare – ACA Update

The Administration voted on 2-20-18 to allow health insurers to sell lower-cost, less-comprehensive medical plans as an alternative to those required under the ACA program.   Insurers would have to make clear that the plans, which could last for less than 12 months, would be liberated from the ACA’s benefit and other mandates. The proposed regulations [...]