Quantcast
Channel: Health Insurance Headlines on One News Page [United States]
Viewing all 22794 articles
Browse latest View live

Target ends health insurance for part-timers

0
0
health insuranceTarget ends some coverageTarget Corp. will end health insurance for part-time employees in April, joining Trader Joe's, Home Depot and other U.S. retailers that have scaled back benefits in response to changes from the Affordable Care Act. The new health care law doesn't require most companies to cover part-time workers, and offering them health plans may disqualify those people from subsidies in new government-run insurance exchanges that opened in October. The slump weighed on the hardware unit, where profit slid $750 million in the fourth quarter from a year earlier because of "business model issues due to market shifts," Chief Financial Officer Martin Schroeter said Tuesday. online salesArgentines face purchase limitsArgentina tightened foreign currency restrictions for a second straight day by further limiting the purchases of goods online, escalating an effort to arrest a decline in dollar reserves. Reported by SFGate 21 hours ago.

Confusion, delays frustrate health insurance providers, consumers

0
0
Confusion, delays frustrate health insurance providers, consumers Reported by ajc.com 19 hours ago.

Republicans Blame Obamacare for United HealthCare's Choice to Drop Doctors (Video)

0
0
Republicans Blame Obamacare for United HealthCare's Choice to Drop Doctors (Video) Republicans Blame Obamacare for United HealthCare's Choice to Drop Doctors (Video)
Business
Companies
Health
Nation
Politics
Rep. Bill Johnson

The health insurance company United HealthCare has chosen to drop several doctors in Mahoning Valley County, Ohio from their Medicare Advantage network.

However, United HealthCare isn't being blamed for dropping these doctors, Obamacare is (video below).

The Republican website GOP.com screamed the false headline: "Hundreds of Ohio Residents Can't Keep Their Doctors Due to Obamacare."

Daniel Halper of the conservative Weekly Standard falsely claimed: "Hundreds in Ohio Lose Their Doctor Due to Obamacare."

For its part, United HealthCare Spokesperson Kevin Shermach told WKBN, "There are multiple factors involved. Overall, our decisions are locally driven, based on a combination of geography, quality and efficiency, ensuring ready access to care, considering relative performance on industry quality metrics and a provider’s ability to deliver high quality care for the most members in the most cost efficient manner."

"Specific factors can include the relative breadth of our network in a particular market, the number of patients who are covered by our Medicare Advantage plan and the type of contract we have with that doctor," added Shermach.

Rep. Bill Johnson, an Ohio Republican, also blamed Obamacare for the choice made by United HealthCare.

“It goes back to the broken promises of the administration," claimed Rep. Johnson. "They promised under the ACA that if you like your insurance plan, you could keep it. If you like the physician, you could keep it, and we are finding that neither of those things is true,"

Actually it is true, but insurance companies such as United HealthCare are either dropping older patients who use their Medicare Advantage plan, hiking premium prices up or cutting their losses by dropping hundreds of doctors from their Medicare Advantage network to save money.

According to Kaiser Health News, United HealthCare announced back in December 2013 that it was going to drop doctors from its Medicare Advantage plan.

Sources: Kaiser Health News, WKBN, GOP.com, Weekly Standard

1 Reported by Opposing Views 18 hours ago.

Forget Obamacare, Here's 4 Healthcare Trends You Should be Excited About

0
0
With the rollout of Obamacare, the national focus of healthcare technology has unfortunately revolved around the implementation challenges of the federal health insurance website. This narrow attention ignores some of the more exciting developments in this rapidly changing industry. This article looks at several future trends in the health technology space. Reported by Forbes.com 9 hours ago.

Target drops health coverage for part-time workers

0
0
Target Corp. announced Tuesday that it will discontinue its health insurance coverage for part-time workers, effective April 1. The Minneapolis-based retailer will redirect part-time employees to seek coverage through Obamacare. It will give $500 in cash to any employee who loses coverage as a result of the change, though the company noted that less than 10 percent of all Target employees participate in the part-time insurance plan. Other large retailers, including Atlanta-based The Home Depot… Reported by bizjournals 8 hours ago.

Zane Benefits Publishes New Information on Health Care Voucher Programs

0
0
More and more business owners and nonprofits are using a voucher-like program instead of offering a one-size fits all group health insurance plan.

Park City, UT (PRWEB) January 23, 2014

Today, Zane Benefits, the #1 Online Health Benefits Solution, published new information health care voucher programs.

According to Zane Benefits’ website, in today's health care landscape, it's common for a business owner to ask "can I offer employees a voucher for health care, allowing them to find their own insurance plan?" Using a pure defined contribution health plan approach, businesses can provide allowances for employees to use on health insurance - like vouchers for health care.

According to Zane Benefits’ website, more and more business owners and nonprofits are using a voucher-like program instead of offering a one-size fits all group health insurance plan.

This type of health care voucher-like approach is gaining popularity in the US, especially with smaller businesses and nonprofits because of the unsustainable cost of health insurance to small businesses and nonprofits.

Click here to read the full article.

---

About Zane Benefits

Zane Benefits, the #1 Online Health Benefits Solution, was founded in 2006 to revolutionize the way employers provide employee health benefits in America. We empower employees to take control over their own healthcare, while helping employers recruit and retain the best talent. Our online solutions allow small and medium-sized businesses to successfully transition to a health benefits program that creates happier employees, reduces costs and frees up more time to serve their customers. For more information about ZaneHealth, visit http://www.zanebenefits.com. Reported by PRWeb 8 hours ago.

2014 Healthcare Mandate Summit Focuses on Compliance and the Road to Reform

0
0
Edifecs-Hosted Event Will Help Healthcare Organizations Take Control of Deadlines, and Ongoing Changes Coming with Healthcare Reform

Bellevue, Wash. (PRWEB) January 23, 2014

Edifecs, a healthcare solutions provider specializing in information management and compliance technology, will host more than 80 representatives from the nation’s top health plans at the upcoming Healthcare Mandate Summit, taking place next week in San Diego. The keynote and session topics feature speakers from leading health plans, consulting groups and industry associations—each of whom will cover the multi-faceted aspects of reform, impact of the changing technology landscape and discuss best practices, success stories and lessons learned from fellow industry professionals.

WHAT: The third annual Healthcare Mandate Summit is one of the only conferences to bring together health plans and industry experts to enable cross-industry collaboration and peer-to-peer idea exchange for compliance and reform. Attendees will share practical know-how, real-world success stories and business insight into subjects including, ICD-10, health insurance exchanges, financial management and the Affordable Care Act.

WHEN: January 29-30, 2014 – Rancho Bernardo Inn, San Diego

FEATURED SESSIONS:
Keynote: “State of the Union: Healthcare Reform”
Speaker: Joe Flower, CEO of The Change Project, Inc.
To kick-off the Healthcare Mandate Summit, Mr. Flower will explain the political, economic and technical aspects of healthcare reform and review what they mean for payers, providers and government entities.

Keynote: “Reform Behind the Scenes”
Speaker: Glendon Schuster, Senior Vice President and Chief Technology Officer at Centene Corporation
Mandates affect far more than technical specifications and medical codes. On multiple levels, government is changing the way care is delivered, measured and compensated. In this session, Mr. Schuster examines how these changes will impact the systems and technology used by payers and providers in areas such as customer management, payment management, care management, fraud detection and information exchange.

Session: “ICD-10 Wins and Losses in Collaborative Testing”
Speaker: Denny Brennan, Executive Director at Massachusetts Health Data Consortium
Collaborative end-to-end testing will help payer and provider organizations share test data, exchange transactions, analyze results, and ultimately meet compliance requirements by the October 1, 2014 deadline. Hear lessons learned from Mr. Brennan and a panel of payers and providers who have successfully engaged in collaborative testing with secure testing platforms.

Other sessions and speakers include:·     “Mitigating Risk on the Exchange”

Speakers: representatives from Blue Cross Blue Shield of Vermont and Cigna

·     “Emerging Payment Models Push Value Over Volume”

Speakers: representative from Blue Cross and Blue Shield of Minnesota

·     “Uncharted Waters Retail Healthcare Reform”

Speakers: representatives from Geisinger Health Plan

·     “Deadline Fail: What’s Plan B?”

Speakers: representatives from Health Data Consulting

·     “After October 1, 2014”

Speakers: representatives from Blue Cross Blue Shield Michigan

·     “Health Insurance Marketplaces—Up and Running”

Speakers: representatives from the Colorado Health Benefit Exchanges

“The industry has been working hard toward creating a better healthcare system, and as we near a major milestone with ICD-10 this October, and continue to implement the ACA, it is critical that the industry collaborates,” said Jamie Gier, vice president of Corporate Marketing for Edifecs. “Healthcare reform and mandates are the backbone for improving access to quality care. This Summit will help the industry understand what it will take to overcome ongoing challenges, achieve compliance this year, and adapt for what lies ahead with healthcare reform.”

For a complete agenda and blog summaries of each session as they conclude during the event, visit the Healthcare Mandate Summit web site or follow @EdifecsToday on Twitter, using the hashtag #mandatesummit.

About Edifecs, Inc.
An industry leader since 1996, Edifecs provides healthcare software solutions that improve operational performance by streamlining the exchange of information among health plans, hospitals, and other healthcare organizations, while enabling compliance with current mandates such as HIPAA, Operating Rules and ICD-10.

Today, more than 250 healthcare customers use Edifecs technology to unify transactions from any information channel source and input mechanism, while automating manual business processes such as enrollment, claims and payments management. Edifecs is headquartered in Bellevue, WA. For more information, please visit http://www.edifecs.com. Reported by PRWeb 7 hours ago.

Covomo.com to Provide Vital Information on Health Insurances in Germany

0
0
Covomo.com has been launched to help foreigners who are traveling to Germany with their health insurance issues. It gives foreign travelers the chance to be completely insured on their stay abroad.

(PRWEB) January 23, 2014

Covomo.com has been launched to help foreigners who are traveling to Germany with their health insurance issues. It gives foreign travelers the chance to be completely insured on their stay abroad.

Covomo.com aims to alleviate all the worries of people regarding their safety while traveling to Germany. They are also dedicated to lessening the burden of foreign travelers who are more particular with the health issues that they might encounter while they are on their travel. It will also share vital information and tips on how travelers can avail health insurance services in the country. Aside from this, Covomo.com is also giving comparisons of the services offered by different insurers that are providing health insurance services.

Many people are in need of health insurance when traveling to Germany including workers, students, tourist, scientists, and au-pairs. To address this issue, the site shares vital information that will educate people about the importance of having a travel health insurance and where to get insurance policies. The information that they provide helps in clarifying all important issues about health insurance services.

To accomplish their mission, Covomo.com has organized all the essential facts that people need to know to widen their knowledge about medical insurance and its coverage, and other things that would help them have a secure and safe travel to Germany.

With the launched of this new portal, people are given the opportunity to feel at ease while traveling to Germany. With all the information that is given on the site, people will no longer have to worry about various health issues since they are assured that there is are top health insurance companies that can handle such issues.

Simon Noertersheuser, CEO, states that, “Covomo.com is a web portal that gives a wide range of ideas and information regarding health insurance for foreigners traveling to Germany. Visiting the site will help travelers better understand the country’s health insurance services, which would let them feel at ease while they are in Germany.” Reported by PRWeb 7 hours ago.

MHG Insurance Brokers opens Houston Office

0
0
HOUSTON, Jan. 23, 2014 /PRNewswire-iReach/ -- MHG Insurance Brokers, a national brokerage in the United States specializing in life and health insurance for groups and individuals as well as business insurance, announced today that they will open offices in another North American... Reported by PR Newswire 7 hours ago.

All DeRisk IT Inc. Software Testers Now Certified in HIPPA Awareness and Compliance

0
0
100% of software testers from DeRisk IT Inc., one of the world's leading independent software quality assurance testing companies, have been certified in HIPAA Awareness and Compliance. Each member of the quality assurance team is required to undergo training and certification to ensure adherence to HIPAA rules and regulations when testing software for healthcare-related clients.

Winfield, AL (PRWEB) January 23, 2014

DeRisk IT Inc., an industry leader in onshore, offsite functional software testing, has taken additional steps to further the knowledge of its software quality assurance testers in the healthcare industry. These additional steps have put 100% of all DeRisk IT testers certified in Health Insurance Portability Accountability Act (HIPAA) compliance. HIPAA is a major piece of healthcare legislation intended to reform the healthcare industry and provide safeguards for the privacy and security of patients.

DeRisk IT Inc. aspires to continually expand the knowledge of its software testers and improve company standards, which is why each tester is required to undergo HIPAA training and compliance. After completion of the training, each tester receives a nationally recognized certificate that is valid for 2 years. DeRisk IT Inc. has many clients in the healthcare industry, so it is essential that its software testers have the knowledge and training in order to remain compliant with HIPAA.

“We have always done, and will continue to do, whatever it takes to provide the best possible services to our clients with these certifications,” said Lann Stewart, President of DeRisk IT Inc. “Without certifications such as these, a lack of knowledge in both the industry and security is apparent.”

Healthcare or Health Information Technology companies that use DeRisk IT Inc.’s services must enter into a written business associate contract. A business associate contract clarifies the uses and disclosures of protected health information (PHI) by DeRisk IT Inc., allowing us to safeguard this information. DeRisk IT Inc. has policies and procedures in place to comply with the HIPAA Privacy Rule and the HIPAA Security Rule. DeRisk IT Inc. has technical safeguards to ensure that access to electronic PHI is granted only to authenticated testers with appropriate rights, the integrity of PHI is maintained, and that PHI is transmitted securely. Physical safeguards like locks, surveillance cameras, restricted access to our offsite laboratory, and device and media controls have been implemented as well.

DeRisk IT Inc. holds numerous certifications in many verticals, and is known in the software testing industry for their staff certification in ISTQB. DeRisk IT’s testers are held to high standards, which is why they are pushed to complete some of the more prominent certifications in the software testing industry. Continual training of testers is required to restore familiarity with standards and ensure quality.

DeRisk IT Inc. is a veteran-owned, onshore, offsite software testing company that provides a compelling alternative to conventional offshore outsourcing. DeRisk IT Inc. functional testers are ISTQB-certified, and are experienced with automated testing and manual testing in both Agile and Waterfall teams. The primary role of DeRisk IT Inc. has been to help corporate organizations forecast and plan for the most efficient IT projects with respect to risk avoidance and implementing appropriate software testing solutions. Since the company was incorporated, DeRisk IT Inc. approaches and delivers hard facts for ROI and cost benefit required for today's best practices, providing a consistent level of service requirements by which all IT systems are measured. Reported by PRWeb 6 hours ago.

National Health Council Launches New Resources to Help Patients Compare Out-of-Pocket Marketplace Health Insurance Costs

0
0
WASHINGTON, Jan. 23, 2014 /PRNewswire-USNewswire/ -- To help consumers understand their out-of-pocket health care costs as they shop for a marketplace insurance plan, the National Health Council (NHC) has launched PuttingPatientsFirst.net, an interactive web-based suite of... Reported by PR Newswire 5 hours ago.

Target dropping health insurance options for part-timers

0
0
Target Corp., which has multiple retail locations in metro Atlanta, has joined several large metro companies in either dropping or scaling back health insurance coverage for some workers in response to the Affordable Care Act, or Obamacare. Reported by ajc.com 4 hours ago.

Moody's Downgrades Health Insurance Sector on Obamacare Uncertainty

0
0
Moody's Investors Service downgraded in its outlook for the U.S. health insurance sector to negative from stable, because of the uncertainty created by Obamacare. Reported by Newsmax 2 hours ago.

Rep. Gohmert: I No Longer Have Health Insurance Due to Obamacare

0
0
The first member of Congress without healthcare insurance because of Obamacare could be Rep. Louie Gohmert, who said Thursday he no longer has health coverage because of the new law. Reported by Newsmax 2 hours ago.

Polls Show That Democrats' Favorite Campaign Themes Are Duds With The American People

0
0
The mid term elections this Fall are going to be rough for Democrats judging from recent polls that show the public recoiling from their preferred policy initiatives. Whether we're talking about income inequality, Obamacare, or abortion on demand, Democrats are on very shaky ground as far as public opinion is concerned.

The president plans to use the State of the Union speech, Tuesday, to talk about the Democrats' 2014 campaign-year theme of income inequality, but only 13% of the American people believe it's the government's job to address the issue, according to a new Fox News poll.



The poll finds that only a small minority of voters (13 percent) thinks the government should do something about the fact some people make a lot more money than others.  A 62-percent majority is okay with disparities in income “because that’s just how the economy works.”  Another 21 percent say income inequality “stinks,” but still think the government “shouldn’t get involved.”



Reducing income inequality - Obama's top priority for the rest of his term - is something only 13% of the American people support.

The reason for the surprising findings is that despite decades of liberal indoctrination, most voters don’t see success as a zero-sum game.



Only 12 percent say if someone makes a lot of money it means someone else has to make less, while the vast majority - 84 percent don’t think it works that way.  



The poll also shows that many voters think government involvement can make things worse: 



..for example, 55 percent think giving unemployment benefits to people who have been out of work for a long time discourages them from looking for a job.  More voters than not in both higher and lower income groups say the benefits keep people from trying to find work. 



A new Gallup poll shows that 2/3 of the American people believe that the federal government is too big and too powerful - which is obviously bad news for the party of big government.

Add to this the growing unpopularity of ObamaCrash - the gift to Republicans that keeps on giving. In Gallup's latest poll, the ACA fell to its lowest approval rating in over a year - 38%. 

The most optimistic numbers crunchers show that Democrats have a 1% chance of retaking the house. 

Before the end of this year, when up to 80 million people on employer based health insurance plans see their plans canceled - that number should fall to 0 %. Meanwhile, the only thing preventing the GOP from taking the Senate is self-immolation (unfortunately not out of the question.)  

Another of the Democrats' favorite campaign themes - their indispensable "War on Women" pro-choice/pro-free contraception-for-all narrative - is endangered by the fact that the vast majority of an increasingly pro-life electorate believe there should be more restrictions on abortion, and oppose the HHS contraception mandate..

Less than 20 percent of respondents in a new Marist poll voiced support for legal abortion beyond the first trimester. 



Forty-four percent adopted a view that would broadly qualify as "pro-choice." Fifty-six percent, however, said abortion should only be permitted in very limited circumstances, or not at all.



Meanwhile, a recent Rasmussen poll shows that a majority of voters oppose the contraception mandate.



The latest Rasmussen Reports national telephone survey finds that 38% of Likely U.S. Voters still believe businesses should be required by law to provide health insurance that covers all government-approved contraceptives for women without co-payments or other charges to the patient. Fifty-one percent (51%) disagree and say employers should not be required to provide health insurance with this type of coverage.



2014 could be a great year for Republicans if they play their cards right - that is - they refrain from pushing unpopular legislation only tiny minorities consider a priority, and they unite behind, and push an alternative to ObamaCare.

 
 
 
  Reported by Breitbart 2 hours ago.

Mike Huckabee: Democrats Tell Women 'They Cannot Control Their Libido' Without The Government

0
0
WASHINGTON -- Former Arkansas Gov. Mike Huckabee (R) is so fed up with the anti-Republican "War on Women" narrative that he went on a rant Thursday, accusing Democrats of trying to convince women they need the government to help them "control their libidos."

"Our party stands for the recognition of the equality of women and the capacity of women," Huckabee told his audience at the Republican National Committee's winter meeting in downtown Washington. "That's not a war on them. It's a war for them. And if the Democrats want to insult the women of America by making them believe that they are helpless without Uncle Sugar coming in and providing for them a prescription each month for birth control, because they cannot control their libido or their reproductive system without the help of the government, then so be it."

Huckabee, a former preacher and 2008 Republican presidential candidate, was referring to the provision of the Affordable Care Act that requires most employers to cover the full range of contraception in their health insurance plans. Many Republicans argue that employers should be allowed to refuse to provide such coverage on moral grounds, and conservative commentator Rush Limbaugh called one women's health activist a "slut" for advocating for contraception coverage.

Huckabee told GOP leaders on Thursday that women are "outraged" when Democrats paint them as nothing but "victims of their gender."

"Women I know are outraged that Democrats think that women are nothing more than helpless and hopeless creatures whose only goal in life is to have the government provide for them birth control medication," he said. "Women I know are smart, educated, intelligent, capable of doing anything that anybody else can do."

The "War on Women" charge against the GOP refers to Republicans' opposition to equal pay legislation; repeated attacks on family planning funding and legal abortion; lack of women in leadership roles; controversial comments about women, rape and birth control; and push to leave it to employers to decide whether contraception should be part of health insurance plans. Presidential nominee Mitt Romney's loss in 2012 and the major gender gap in the voting booth have been attributed to the GOP's poor reputation among women voters.

Still, this week the Republican National Committee is considering a resolution that would urge Republican candidates to speak out more aggressively on the subject of abortion.

Huckabee had made similar comments on his radio show Sunday. "It doesn't help that some of the supposed rock stars of Republican consulting tell candidates not to even discuss issues like the sanctity of life for fear of offending women voters," he said.

Huckabee added on Sunday, "For Democrats to reduce women to beggars for cheap government-funded birth control is demeaning to the women that I know who are far more complicated than their libido and the management of their reproductive system."

White House press secretary Jay Carney was asked about Huckabee's comments at his daily briefing on Thursday. A reporter read aloud the quote about women's libidos.

"Whoever said it sounds offensive to me, and to women," Carney replied. Reported by Huffington Post 48 minutes ago.

Is UnitedHealth Group acquiring Audax Health?

0
0
Digital health startup Audax Health appears to be the target of an acquisition by UnitedHealth Group, the nation's largest insurer, according to a Federal Trade Commission filing. The Jan. 10 filing, first spotted by MedCity News, suggests the Minnetonka-based health insurance giant plans to scoop up Washington, D.C.-based Audax. Audax couldn't be reached for comment. UnitedHealth "can't comment on industry rumor," a spokesman told the Minneapolis/St. Paul Business Journal. Audax, founded in 2010… Reported by bizjournals 26 minutes ago.

Mandeville City Council to address health insurance premiums for city employees

0
0
The Mandeville City Council will tackle the issue of employee health insurance costs, which are rising by 32 percent this year, city officials said. Under a proposal by Mayor Donald Villere to address the increase, city employees could for the... Reported by nola.com 20 minutes ago.

Obamacare Strikes Again: Target Drops Part-Timers From Healthcare Plan (And Fires Others Just In Case)

0
0
Effective April 1st, Target announced to day that it would no longer offer healthcare coverage to its part-time employees. As The Hill reports, Target's HR executives 'spun' the decision as good for the employees..."*by offering them insurance, we could actually disqualify many of them from being eligible for newly available subsidies that could reduce their overall health insurance expense*." The company will provide a $500 cash payment to "minimize disruption," and specifically calls out Obamacare as "providing new options... that we believe our part-time members may prefer."Of course, just for good measure, *Target is cutting 475 jobs and chooing not to fill a further 700 open positions* - again, we presume, to minimize disruption (to their bottom line).

 

Via The Hill,



In a blog post on the company’s website, Jodee Kozlak, the executive vice president of human resources, framed it as a positive development for part-time employees of the company.

 

“*The Health Insurance Marketplaces provides new options for healthcare coverage that we believe our part-time members may prefer,*” she wrote. “*In fact, by offering them insurance, we could actually disqualify many of them from being eligible for newly available subsidies that could reduce their overall health insurance expense*.”

 

...

 

*The company’s new policy goes into effect on April 1, 2014. *Consumers have until mid-March to sign up for ObamaCare to be eligible for coverage this year.

 

Target said it *has a transition program in place to “minimize any disruption and reduce confusion”* for those who will no longer be eligible for the company’s healthcare plan.

 

The company *will provide a $500 cash payment *to employees losing coverage, as well as access to a benefits consultant.

 

Target *stressed the company would not be reducing hours for any employees*.



 

As usual, it's for your own good...

And as if that was not enough, Target just announced:

· **TARGET CUTTING 475 JOBS AT HEADQUARTERS: STAR TRIBUNE*
· **STAR TRIBUNE ALSO SAYS TARGET NOT FILLING 700 OPEN POSITIONS* Reported by Zero Hedge 3 days ago.

Obamacare Fallout: Moody's Announces Negative Outlook for U.S. Health Insurance Industry

0
0
Moody's has downgraded the outlook on the U.S. health insurance industry from stable to negative in light of unpredictability caused by Obamacare. Moody's also cites the poor demographic mix as an important factor in their decision.

Moody's Senior Vice President Stephen Zaharuk explains "the ongoing unstable and evolving environment is a key factor for our outlook change." He added "The past few months have seen new regulations and announcements that impose operational changes well after product and pricing decisions were finalized." This is a reference to a series of deadline changes and extensions, including one that allowed anyone with a cancelled policy to qualify for a renewal under the hardship exemption in the law.

The other factor motivating Moody's is the recently announced demographic mix which shows fewer "young invincibles" than had been forecast have signed up. "Enrollment statistics show that only 24% of enrollees so far are aged 18-34, a critical group in ensuring that lower claim costs subsidize the higher claim costs of less healthy, older individuals" the announcement reads, adding "This is well short of the original 40% target based on the proportion of eligible people in this cohort."

As a result, Moody's believes insurers will see "reduced net earnings" in 2014. The suggest the average profit margin of 3 percent will drop to 2 percent. That estimate may be overly-optimistic. A widely-cited estimate by the Kaiser Family Foundation estimated between 1.1 and 2.4 percent of revenue could be taken up by an older-than-anticipated risk pool.

 
 
 
  Reported by Breitbart 2 days ago.
Viewing all 22794 articles
Browse latest View live




Latest Images