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Visit One News Page for Health Insurance news from around the world, aggregated from leading sources including newswires, newspapers and broadcast media. Search millions of archived news headlines. This feed provides the Health Insurance news headlines.

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    For the first time since Obamacare passed, the number of Americans without health insurance did not fall· The percentage of Americans without health insurance remained steady at 8.8% in 2017, according to the Census Bureau.
    · The flat rate was the first time since 2010 that the number of uninsured did not fall since the Affordable Care Act's passage in 2010.
    · The Census also showed a growing divide between states that took advantage of Obamacare's Medicaid expansion and those that declined the expansion.

    The percentage of Americans without health insurance did not decline on 2017, marking the first time since the passage of the Affordable Care Act that the uninsured rate held steady.

    According to the Census Bureau, 28.5 million Americans, or 8.8% of the population, went without health coverage in 2017. That number was a slight increase from the 28.1 million Americans without insurance in 2016, though the rate of 8.8% was consistent. The Census Bureau said the increase was not statistically significant.

    The Census report also confirmed the growing chasm between states that decided to take advantage of the ACA's Medicaid expansion and those that did not.

    The ACA, better known as Obamacare, allowed states to expand Medicaid coverage to people making up to 138% of the federal poverty line. Since then, 31 states and Washington, DC, have adopted the expansion.

    "In states that expanded Medicaid eligibility ('expansion states'), the uninsured rate in 2017 was 6.5%, compared with 12.2% in states that did not expand Medicaid eligibility ('non-expansion states')," the Census Bureau said in the report.

    In fact, the uninsured rate in states that did not expand Medicaid went up 0.7 percentage points compared to the stable rate in states that did expand Medicaid. Since 2013, the uninsured rate in expansion states is down 7 percentage points, compared to just 5.3 percentage points in non-expansion states.

    The flat uninsured rate came in President Donald Trump's first full year in office. Throughout the year, Republicans and the Trump administration attempted to dismantle Obamacare, though multiple bids to repeal and replace the ACA failed.

    The administration did take actions that many experts said would destabilize Obamacare's individual insurance marketplaces, including reducing outreach to get people to sign up for plans.

    Perhaps most significantly, Republicans repealed Obamacare's individual mandate — the requirement that all Americans get insurance or face a monetary penalty — as part of their tax bill.

    Some experts blamed the stall on the meddling by the Trump administration and GOP.

    Matt Broaddus, a senior research analyst at the left-leaning Center of Budget and Policy Priorities, pointed to the studies that showed a large swath of the uninsured are eligible for cheap coverage under the ACA as evidence that the uncertainty and lack of outreach were the cause of the stall.

    "Last year’s sabotage efforts likely prevented additional coverage gains by creating barriers to obtaining available and affordable coverage," Broaddus wrote. "Roughly 55% of the uninsured are eligible for health insurance coverage with financial assistance under the ACA or other public programs, the Kaiser Family Foundation and the Urban Institute find."

    Phillip Klein, the managing editor of the Washington Examiner and conservative healthcare analyst, argued that the stability of the uninsured rate proved that Democrats claims that Trump "sabotaged" Obamacare are overblown.

    "Had there been a significant dip, it would have bolstered Democrats' case," Klein wrote. "Now Republicans can argue that despite all of the apocalyptic warnings, the uninsured rate is the same under Trump as it was under Obama."

    "Various actions of the Trump administration, such as slashing the ad and outreach budget for Obamacare and ending certain payments to insurers, have been used by Democrats to charge that the Trump administration has launched a concerted effort to sabotage the law. But that is not visible in the numbers," he said.

    Larry Levitt, senior vice president at the Kaiser Family Foundation, a nonpartisan healthcare think tank, said the new data is inconclusive to make a determination either way.

    "Progress in reducing the uninsured rate was already stalled, pre-Trump," Levitt tweeted Wednesday. "Increases in the number of people uninsured could come this year and next, as changes to the ACA from the Trump administration and Congress take hold."

    *SEE ALSO: Trump's trade war with China is still raging — here are the states that could end up getting whacked*

    Join the conversation about this story »

    NOW WATCH: The Samsung Galaxy Note 9 is a $1,000 phone that's actually worth it Reported by Business Insider 1 day ago.

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    Charlie Watkins takes the lead on October 1, 2018. Frank Batten Jr. remains chairman of both companies.

    NORFOLK, Va. (PRWEB) September 12, 2018

    Charlie Watkins will become president and CEO of Landmark Media Enterprises, LLC and Dominion Enterprises, the companies announced today. The appointment will be effective on October 1.

    Frank Batten Jr. will remain chairman of both companies, and he will continue as president of The Landmark Foundation. Watkins will be responsible for all operating and personnel decisions, and he will have joint responsibility with Batten for capital allocation.

    Watkins’ new duties will be in addition to his current role as chairman and CEO of Expedient, Landmark’s data center and cloud computing company. Expedient, with operational headquarters in Pittsburgh, PA, will continue to be led by Shawn McGorry, its president and chief operating officer.

    Watkins joined Landmark Communications, Inc. in 2000 as vice-president for corporate development and new ventures. Previously, Watkins served as president of an energy services subsidiary of Duke Energy. Before entering business, he served as a nuclear-trained U.S. naval officer.

    Watkins holds a bachelor’s degree in mechanical engineering from the U.S. Naval Academy and an M.B.A. from the College of William and Mary.

    About Landmark Media Enterprises
    Landmark Media Enterprises is a diversified media and technology company. Among its subsidiaries are Homes.com, Expedient, Dominion Dealer Solutions, DX1, Landmark Community Newspapers, Travel Media Group and Franchise Gator. Landmark Media Enterprises, LLC was spun off from Landmark Communications, Inc. in 2008. Dominion Enterprises and Expedient are owned by Landmark Media Enterprises.

    About Dominion Enterprises
    Dominion Enterprises (“DE”) is a leading digital marketing and software services company offering client solutions across multiple business verticals. Our customers rely on our B2B cloud SaaS solutions to establish their online and mobile brands, generate leads, and manage customer relationships through our Homes.com, Dominion Dealer Solutions, Dominion Business Solutions / DX1, Travel Media and Franchise and Business Opportunity divisions. Our B2C web and mobile applications include Homes.com, HotelCoupons.com, FranchiseOpportunities.com, FranchiseGator.com, Franchise.com, and BusinessBroker.net. About 2,000 employees reside and work in our Norfolk, VA home office and in offices across the U.S. Our employees will tell you about our collaborative, innovative, team-oriented work environment, excellent career enrichment opportunities, community service opportunities, competitive earnings, and a comprehensive benefits package that includes a generous 401(k). DE is an equal opportunity employer and supports a diverse workforce. DE is a drug-testing employer.

    About Expedient
    Expedient is a cloud and data center infrastructure as a service (IaaS) provider with local operations in Pittsburgh, PA; Baltimore, MD; Boston, MA; Cleveland, OH; Columbus, OH; Indianapolis, IN and Memphis, TN. Ranked as one of the Top 10 managed services providers worldwide on the Channel Futures MSP 501 list, Expedient’s converged solutions enable clients to focus on strategic business innovation, while the Expedient team handles operation of the information technology needed to support it. Expedient data centers are compliant with the Health Insurance Portability and Accountability Act (HIPAA) as well as the Payment Card Industry Data Security Standard (PCI DSS). Service Organization Control (SOC) reports are published annually for all locations. Learn more at expedient.com. Reported by PRWeb 1 day ago.

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    The Trump administration issued new guidance Wednesday that makes it easier for Americans to opt out of having health insurance this year and not be penalized via the individual mandate. Reported by Newsmax 23 hours ago.

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    Obama Cherry-Picks Uninsured Figure Former President Barack Obama claimed that Republicans' "sabotage of the Affordable Care Act has already cost more than 3 million Americans their health insurance." That's according to one estimate, but another found no significant change in the rate or the number of uninsured from 2016 to 2017. 

    The post Obama Cherry-Picks Uninsured Figure appeared first on FactCheck.org. Reported by FactCheck.org 23 hours ago.

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    By Katanga Johnson WASHINGTON (Reuters) - The median U.S. household income rose for a third straight year in 2017 to the highest on record since 1967 by one measure, but the gap between white- and non-white households widened, government data showed on Wednesday. The Census Bureau said in its Income, Poverty and Health Insurance Coverage and Supplemental Poverty Measure report that median household incomes increased 1.8 percent to $61,400 last year. Reported by Firstpost 16 hours ago.

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    DA leader Mmusi Maimane told the National Assembly that ANC policies such as National Health Insurance and nationalising the SA Reserve Bank would further harm South Africa's already struggling economy. Reported by News24 16 hours ago.

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    Protege Frontier Technologies benefits from mentoring by Highmark Health during process improvement workshop

    WILMINGTON, Del. (PRWEB) September 13, 2018

    Frontier Technologies received a special visit at their new office in Delaware last month from one of their clients and mentors, Highmark Health. Robert James, supplier diversity program manager at Highmark Health, and Anthony Lamparelli, process improvement analyst for Frontier, led Frontier staff through a workshop to brainstorm process methodology and gain expertise from Highmark Health’s experience at growing to more than 40,000 employees, nearly $20 billion in revenue and nearly $200 million in annual giving.

    “Through our supplier diversity Mentor Protégé Program, we are proud to offer coaching to organizations such as Frontier Technologies that demonstrate strong potential,” said Robert James, Highmark Health’s supplier diversity program manager. “Mentoring proves to be powerful at helping businesses to succeed, and Highmark Health needs dependable, qualifed diverse suppliers in the supply chain. Our customers are very diverse, and we feel our suppliers should be, too.”

    Frontier Technologies, a certified, diverse, woman- and minority-owned business, is providing Highmark Health with IT and technology products and services they can rely on in the demanding, highly regulated healthcare field.

    “We are proud to work with Highmark Health,” said Reshma Moorthy, president of Frontier Technologies. “And even more so, we’re grateful for the opportunity to participate in their Mentor Protégé Program. This relationship has allowed us to really blossom as we advance our brand in new strategic directions focused on innovative technologies for our clients.”

    The teams used Frontier’s new chalkboard wall paint in the company’s Innovation Lab to bring a visceral, visual life to the collaborative thinking exercise, as pictured above.

    “I am excited to see what the future holds for Frontier Technologies,” said James. “This is just their beginning.”

    About Frontier Technologies, Inc.

    Frontier Technologies, Inc. designs and delivers award-winning IT solutions to help our clients innovate, differentiate and disrupt.

    For more than 30 years we've grown Frontier by helping clients build data centers and IT infrastructure that power their businesses. Our decades of experience and focus on the future means clients can store, serve, analyze and maintain their data across platforms, software, networks and the cloud - in ways that set their business apart. Our cybersecurity-first approach means our clients' data is safeguarded end-to-end and at every step - protecting and fueling their competitive edge.

    About Highmark Health

    Highmark Health, a Pittsburgh, PA-based company, that, together with its subsidiaries and affiliates collectively employ more than 40,000 people and serve millions of Americans across the country, is the second largest integrated health care delivery and financing network in the nation based on revenue. Highmark Health is the parent company of Highmark Inc., Allegheny Health Network, and HM Health Solutions. Highmark Inc. and its subsidiaries and affiliates provide health insurance to nearly 5 million members in Pennsylvania, West Virginia, and Delaware as well as dental insurance, vision care and related health products through a national network of diversified businesses that include United Concordia Companies, HM Insurance Group, and Visionworks. Allegheny Health Network is the parent company of an integrated delivery network that includes eight hospitals, more than 2,400 affiliated physicians, ambulatory surgery centers, an employed physician organization, home and community-based health services, a research institute, a group purchasing organization, and health and wellness pavilions in western Pennsylvania. HM Health Solutions focuses on meeting the information technology platform and other business needs of the Highmark Health enterprise as well as unaffiliated health insurance plans by providing proven business processes, expert knowledge and integrated cloud-based platforms. To learn more, please visit http://www.highmarkhealth.org. For information specific to the VITAL Innovation Program, please visit http://www.vitalinnovation.com. Reported by PRWeb 12 hours ago.

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    “Retirement Game-Changers” author reveals strategies to avoid Medicare mistakes

    OXNARD, Calif., Sept. 13, 2018 (GLOBE NEWSWIRE) -- What’s good about reaching age 65? Many older workers celebrate attaining eligibility for Medicare, since they can obtain much-needed health insurance without worrying about exclusions for pre-existing conditions. But with Medicare’s open enrollment period approaching, Steve Vernon, author of the new book, Retirement Game-Changers: Strategies for a Healthy, Financially Secure, and Fulfilling Long Life, cautions older workers to be aware of two ‘traps for the unwary’ that can cost them thousands of dollars in uncovered medical costs.Retirees can avoid these traps by making smart choices about Medicare coverage, one of several critical retirement decisions Vernon discusses in his book.   

    “Medicare is not like medical insurance typically provided by employers to their employees,” said Vernon.  “Employer-sponsored plans typically have one set of deductibles and copayments, and you only need to pay one premium to obtain comprehensive coverage. Not so with Medicare.  It’s much more complicated, and contains significant gaps that create the first trap for the unwary.”

    Vernon asserts many retirees assume Medicare provides comprehensive coverage similar to their employer’s plan, and think Medicare provides all the coverage they need. Or they think they’re healthy and won’t need additional insurance coverage. Then they’re shocked when they experience their first significant medical claim and are forced to pay thousands of dollars out-of-pocket. This shock could have been prevented by purchasing either a Medicare Supplement Plan or Medicare Advantage Plan. By one estimate, millions of retirees make the mistake of not purchasing a plan to fill in Medicare’s gaps.

    The second trap to avoid happens when older workers first become eligible for Medicare. At that time, they can choose between two alternatives:

    · Traditional Medicare, which provides the most flexibility in choosing health care providers, but it’s wise to also purchase a Medicare Supplement Plan, or
    · a Medicare Advantage Plan, a single plan that simplifies Medicare coverage and also helps cover Medicare’s significant gaps. However, typically you’re restricted to using the health care providers in the plan’s network.

    The problem comes later if you want more freedom to select health care providers due to incurring a serious medical condition, and you want to move from a Medicare Advantage Plan to Traditional Medicare during Medicare’s open enrollment period, noted Vernon.

    “While you’re permitted to switch to Traditional Medicare, you might not be able to purchase a Medicare Supplement Plan.  That’s because most insurance companies apply medical underwriting, and can either deny coverage due to pre-existing conditions or charge a higher premium. As a result, newly-eligible Medicare retirees should make their choice regarding a Medicare Supplement Plan or Medicare Advantage Plan with the rest of their lives in mind. They might not get the chance for a ‘do-over’ later if they change their minds,” said Vernon.

    Retirement Game-Changers, the latest in a series of books by retirement expert Steve Vernon, shares strategies to help older workers navigate the critical decisions they need to make as they transition from the workplace into retirement. For more details on Retirement Game-Changers, visit www.retirementgamechangers.com

    *About the Author*
    Steve Vernon, FSA, provides trusted and unbiased guidance on the most challenging financial, health, and lifestyle decisions for retirement. He is a Research Scholar at the Stanford Center on Longevity and writes a regular blog column for CBS MoneyWatch. He’s also president of Rest-of-Life Communications, where he conducts retirement planning workshops and financial education campaigns. For more details on his experience, books, and services, visit Steve’s website at www.restoflife.com. Steve can be reached directly at steve.vernon@restoflife.com.

    Retirement Game-Changers: Strategies for a Healthy, Financially Secure, and Fulfilling Long Life
    Rest-of-Life Communications

    Print: $18.95
    e-book $9.99
    ISBN 978-0-9853846-4-7 (Print)
    ISBN: 978-0-9853846-5-4 (e-Readers)
    Available on Amazon.com, Apple iBook, and Barnes & Noble
    Bulk order inquiries should be directed to steve.vernon@restoflife.com

    Media Contact: Ed Emerman
    eemerman@eaglepr.com
    609-275-5162 Reported by GlobeNewswire 8 hours ago.

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    FINEOS to present DMEC Webinar on Digital Solutions for Absence Management DUBLIN--(BUSINESS WIRE)--FINEOS Corporation, the market-leading provider of core systems for Life, Accident and Health insurance, will present a key session on Absence Management as part of the Disability Management Employer Coalition (DMEC) Tools & Tactics Webinar Series. The webinar, entitled “Digital Solutions: A Window into the Back Office of Absence”, takes place on 25 September at 9 AM Pacific /12 PM Eastern. The webinar will be presented by Megan Holstein SVP Absence Management, FINE Reported by Business Wire 7 hours ago.

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    Mark Farrah Associates Reports Second Quarter 2018 Health Insurance Segment Profitability MCMURRAY, Pa.--(BUSINESS WIRE)--MFA compared year-over-year, per member per month health premiums and expenses for the Individual, Employer-Group, Medicare and Medicaid segments. Reported by Business Wire 6 hours ago.

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    Fort Lauderdale, FL, Sept. 13, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- MediXall Group Inc., (OTCQB: MDXL), creator of MediXall.com, a new generation healthcare marketplace platform designed to address the growing need of self-pay and high deductible consumers for greater transparency and price competition in their healthcare costs, is pleased to announce that it has entered into a strategic partnership with MedAffect, the administrator for leading companies in the prescription discount card and other industries, to launch the MediXallRx Discount Program in early fourth quarter. Through MediXall.com, consumers will have access to drug price comparison technology that provides accurate drug prices from national pharmacy chains as well as regional and local drug stores across the nation. The MediXallRx program will benefit underinsured consumers that have gaps in prescription coverage, high co-pays, and/or high deductibles as well as the uninsured.  Once MediXallRx launches in October, MediXall.com will provide a powerful, free tool for consumers to search and compare prescription drug prices, which can differ greatly between competing pharmacies, and receive immediate savings using the MediXallRx Saving Card at the register on both generic and brand prescription medications. Consumers simply enter the name of a prescription drug and their zip code. MediXallRx will immediately display both a list and a map of prices for both the brand name and generic versions of the drug from local pharmacies.

    By leveraging MedAffect’s national pharmacy network, the MediXallRx Savings Card will be accepted nationwide at more than 60,000 participating pharmacies, including Walgreens, CVS, Target, Walmart, and other national chains as well as regional and local drug stores. Savings of up to 80 percent can be applied to prescription medications for the entire family – even pets.

    This collaboration will allow MediXall to provide their membership with convenient, free access to prescription savings in their area, while enabling more support for consumers to direct their own care and ensuring that they have the tools necessary to make informed choices. The MediXallRx Discount Program was designed to benefit a wide range of consumers, including the following: 

    ·  Consumers that do not have health insurance can use the MediXallRx Savings Card for any brand name or generic prescriptions they or any of their household members pay for out-of-pocket.
    ·  Consumers with health insurance coverage can use the MediXallRx Savings Card for any prescriptions that are not covered by their insurance plan or for family members not covered by insurance.
    ·  Consumers that have Medicare and are enrolled in a Medicare Part D plan can use the MediXallRx Savings Card for any prescriptions that are excluded by Medicare Part D law.
    ·  Consumers that have Medicare and decide not to enroll in Medicare Part D can save money instantly with a MediXallRx Savings Card. There are no age or income restrictions.
    ·  Consumers that have Medicaid can save money instantly with a MediXallRx Savings Card on any prescriptions not covered. There are no age or income restrictions.

    (Note: The card cannot be used in combination with any third-party payor program including but not limited to Medicare and Medicaid.)

    “We built MediXall with the mission of making the healthcare process more consumer-focused and cost-effective through transparency, personalization, and simplicity,” said Michael Swartz, President of MediXall. “The MediXallRx Discount Program is uniquely positioned to create real change and deliver meaningful prescription savings solutions due in large part to our dynamic partnerships with industry-leading organizations who share our focus on enabling more efficient, cost-effective healthcare for the consumer.”

    The increasing presence of high-deductible and catastrophic health plans continues to put more emphasis on the need for patients to become knowledgeable consumers of healthcare. As such, it becomes essential for the industry to show up with universal price-transparency tools. MediXall.com was developed to address this growing need of self-pay and underinsured consumers for greater transparency and price competition in their healthcare costs.

    The online experience for MediXall.com was designed to mirror other e-commerce sites found in other markets, centered around creating an online marketplace for healthcare services in the same way retailers sell their goods on traditional e-commerce platforms, providing consumers user-generated reviews, transparent pricing, and comparative shopping. With the addition of the new MediXallRx Discount Program, MediXall.com will also be able to bring consumers greater price transparency for all prescription drugs.

    “MedAffect is pleased to be working with the innovative healthcare solution provider MediXall, providing their customers with a free prescription discount card. We share their desire to make prescriptions affordable to uninsured and underinsured consumers. These individuals often don't fill their prescriptions simply because they can't afford them,” said Ceci West, Chief Marketing and Purpose Officer of MedAffect.

    *About MediXall.com*

    Medixall.com is a new generation healthcare marketplace platform designed to address the growing need of self-pay and high deductible consumers for greater transparency and price competition in their healthcare costs. The MediXall.com platform makes scheduling an appointment for specific healthcare services as simple and easy as booking a flight and hotel. The online experience was designed to mirror e-commerce and online booking sites found in other markets, with it centered on providing consumers with ratings/reviews, transparent pricing, and comparative shopping. With MediXall.com, consumers can search and compare most medical, dental and wellness services based on all-in cash price, location/distance, ratings, & availability, and select the best value according to their personal preferences. In this era of rapidly increasing deductibles and healthcare costs, the cloud-based platform is designed to be transformational and disruptive to traditional methods of medical care and provisioning of medical services to the consumer. For more information, please visit www.medixall.com or call (954) 908-3481.

    *About MediXall Group, Inc**.*

    MediXall Group is a technology and innovation-driven organization purposefully designed and structured to bring effective change to the U.S. healthcare industry that is actively trading on the OTCQB under the symbol “MDXL.” The Company believes its revolutionary approach will help drive much-needed change that it envisions is needed in the current healthcare system. The mission of the MediXall Group is to revolutionize the medical industry by improving communication; providing better technology and support services; and enabling more efficient, cost-effective healthcare for the consumer. By approaching the healthcare ecosystem as a whole, MediXall creates, invests and incubates companies that embody its mission statement. For more information, please visit www.medixallgroup.com or call (954) 908-3481.

    *About MedAffect*

    MedAffect is a business-to-business organization that provides clients with the resources they need to grow. The company is the administrator for leading companies in the prescription discount card and other industries. It specializes in business services such as accounting & finance, marketing, information systems, human resources, and other operational needs. MedAffect's leaders work with companies to incorporate nonprofit partnership programs into the way they do business. For more information, please visit https://www.medaffect.com/.

    *Safe Harbor Statement*

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company’s current plans and expectations, as well as future results of operations and financial condition. Specifically, the Company’s ability to raise additional capital, execute its business plan and strategy, sustain or increase gross margins, achieve profitability and build shareholder value are forward looking statements. A more extensive listing of risks and factors that may affect the Company’s business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the Company with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    CONTACT: Media Contact Information:

    Kip Hunter Marketing

    954-765-1329

    Nicole Lewis

    Email: Nicole@kiphuntermarketing.com Reported by GlobeNewswire 5 hours ago.

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    The already low number of Oregonians without health insurance could get reach a nation-leading 1 percent if only more of the uninsured realized they were eligible for benefits, new survey shows Reported by bizjournals 55 minutes ago.

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    MIAMI (AP) — The Trump administration has slashed funding for the second year in a row for counselors who help consumers sign up for health insurance through the federal marketplace. In 2016, federal funding for the in-person counselors was nearly $10 million in Florida. Last year, it was cut to $6.6 million. On Thursday, health leaders said it was reduced to a mere $1.25 million across the state. Epilepsy Florida has helped more than 250,000 Floridians in 35 counties sign up for insurance. In a statement, the organization's CEO admitted the funding is a significant decrease but said they will persevere. Despite numerous hurdles from the Trump administration, Obamacare enrollment has been strong with Florida leading the way with 1. Reported by SeattlePI.com 34 minutes ago.

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    DGAP-News: RHÖN-KLINIKUM AG / Key word(s): Miscellaneous/Miscellaneous

    14.09.2018 / 13:30
    The issuer is solely responsible for the content of this announcement.
    --------------------

    Bad Neustadt a. d. Saale | September 14^th, 2018

    *Corporate News*

    *Marburg Ion Beam Therapy operating firm of Heidelberg University Hospital mbH files insolvency petition*
     

    · *The Management of Marburg Ion Beam Therapy operating firm of Heidelberg University Hospital mbH files insolvency petition in self-administration*
     
    · *Lack of understanding and regret on the part of the minority shareholder RHÖN-KLINIKUM AG due to the different reporting by the management to date*
     
    · *RHÖN-KLINIKUM AG calls on sole business operator Heidelberg University Hospital to ensure ongoing patient care*
     
    · *Insolvency application of MIT GmbH has no effect on the financial result and the revenue and earnings outlook of RHÖN-KLINIKUM AG for 2018 and subsequent years*

    RHÖN-KLINIKUM AG has been informed that the Managing Director of the Marburg Ion Beam Therapy Center (MIT) has filed an application for insolvency and self-administration of MIT with the Heidelberg Local Court. According to the information available, the Local Court of Heidelberg has ordered the temporary self-administration of MIT. We regret this surprising decision. Against the background of the different information that we had received from the Heidelberg management of MIT only weeks earlier, we as a minority shareholder are unable to understand the insolvency. RHÖN-KLINIKUM AG regards the rapid continuation of patient treatment as its top priority and therefore appeals to the management of MIT and the University Hospital Heidelberg to take appropriate measures.

    Marburg Ion Beam Therapy Center (MIT) operating firm was founded in 2014 as a subsidiary of Heidelberg University Hospital (75.1 percent) and RHÖN-KLINIKUM AG (24.9 percent). Responsibility for the business operations of the particle therapy facility lies with the management of MIT GmbH and the majority shareholder, Heidelberg University Hospital, including the Medical Director and the Scientific and Technical Director of the Heidelberg Ion Beam Centre (HIT). RHÖN-KLINIKUM AG has no influence on the operating business of the company, although it has continuously contributed a large part of the patient flow to the company.

    To date, 186 patients have been treated in the current year, of which 143 patients were assigned by the University Hospital Gießen und Marburg GmbH and 40 patients by the majority shareholder Heidelberg University Hospital. A further three patients were assigned via other clinics. Since June 2018, Heidelberg University Hospital has assigned three patients (approximately 4 percent) out of a total of 70 patients to MIT.

    The medical care of the patients at the particle therapy facility in Marburg is provided by the University Hospital of Heidelberg, which is also a contractual partner of the health insurance companies. Since the start of operation, around 640 patients have been treated at the Marburg Ion Beam Therapy Centre. In 2017, a total of 284 patients were treated with radiation. The facility was built by Siemens AG in 2007
    and 2008.

    Dr. Gunther K. Weiß, member of the Management Board of RHÖN-KLINIKUM AG and Chairman of the Management Board of University Hospital Gießen und Marburg, says: "We have ultra-modern radiotherapy clinics at the two locations of University Hospital Gießen and Marburg. Nevertheless, from the beginning of patient irradiation in 2015, we have continuously made great efforts as a minority shareholder to further increase the number of patients treated at the Marburg Ion Beam Therapy Centre if the corresponding diagnoses are available, within the scope of our limited possibilities as a minority shareholder. In particular, Prof. Dr. Rita Engenhart-Cabillic, Director of the Clinic for Radiotherapy at the University Hospital Gießen and Marburg (UKGM), and her team have rendered outstanding services to MIT. In addition, as an expression of our good will, we voluntarily waived interest and redemption payments on our extensive loans in June 2017 until MIT's earnings situation improved, and also refunded the interest income already received to MIT.

    The management of MIT GmbH has justified its decision to file for insolvency with, among other things, the intensified competition due to the development of new and alternative therapy methods and the construction of significantly cheaper plants in Germany and abroad.

    RHÖN-KLINIKUM AG will cooperate constructively with MIT and the provisional administrator in order to achieve the best possible solution for the patients, but also for the employees of MIT, within the framework of the insolvency proceedings now initiated. The employees of MIT are not employees of RHÖN-KLINIKUM AG or UKGM.

    *Outlook*

    Due to the risk provisions already made in previous years, there will be no effects on the financial result or on the revenue and EBITDA targets of RHÖN-KLINIKUM AG. We therefore continue to confirm our previous forecast for the current 2018 financial year. Revenues in the amount of EUR 1.24 billion in a range of 5 % upwards and 5 % downwards are expected. Burdening regulatory interventions by the legislator, such as lower remuneration for material cost-intensive services, especially in the area of cardiac medicine, or the fixed cost degression discount for additional services, must be taken into account. We expect earnings before interest, taxes, depreciation and amortization (EBITDA) in 2018 to be significantly higher than in 2017 at between EUR 117.5 million and EUR 127.5 million - positively influenced, among other effects, by the agreement on the separation invoice at the UKGM.

    ----------------------------------------------------------------------------------------------------------------
    RHÖN-KLINIKUM AG is one of the largest healthcare service providers in Germany. The clinic group offers excellent medicine with direct connections to universities and research facilities. More than 830,000 patients are treated annually at the five locations Zentralklinik Bad Berka, Campus Bad Neustadt, Klinikum Frankfurt (Oder), Universitätsklinikum Gießen and Universitätsklinikum Marburg (UKGM). Around 16,700 employees work here. With the RHÖN Campus concept, the company is currently implementing a new and forward-looking project that will raise cross-sector medical care in rural areas to a new level of excellence and is oriented towards the growing needs of patients. www.rhoen-klinikum-ag.com

     

    *Contact*
    RHÖN-KLINIKUM AG | Head of Corporate Communications and Marketing
    Elke Pfeifer
    T. +49 9771 65-1327 | elke.pfeifer@rhoen-klinikum-ag.com

    RHÖN-KLINIKUM AG
    Corporate Communications
    T. +49 9771 65-1327 | kommunikation@rhoen-klinikum-ag.com
     

    RHÖN-KLINIKUM AG | Head of Investor Relations
    Julian Schmitt
    T. + 49 9771 65-1536 | julian.schmitt@rhoen-klinikum-ag.com

     
      --------------------

    14.09.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.

    The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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    Language: English
    Company: RHÖN-KLINIKUM AG
    Salzburger Leite 1
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    End of News DGAP News Service Reported by EQS Group 10 hours ago.

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    Recent data from the U.S. Census Bureau revealed that the poverty rate in Illinois stayed stagnant from 2016 to 2017, while poverty declined nationwide. In addition to the flat poverty rate, the data found that health insurance coverage rates declined in Illinois for the first time since the implementation of the Affordable Care Act (ACA).

    CHICAGO (PRWEB) September 14, 2018

    “While many indicators of well-being are improving across the country, Illinois poverty still has not rebounded from the recession. Hundreds of thousands of working people live in poverty, and Illinoisans of color are still lagging behind white people on income growth and poverty rates,” said Katie Buitrago, director of the Social IMPACT Research Center at Heartland Alliance. “There’s strong evidence that safety net programs play a critical role in moving people out of poverty, but they are under attack at both state and national levels.”

    The United States has been in economic recovery for a number of years, with three consecutive years of strong gains in the median household income. Although median household income grew from 2016 to 2017 in Illinois, it is still below pre-recession levels. Substantial improvements for Illinois, and the nation, have been slow to reach those who need it most.

    "The national uninsured rate held steady in 2017, but the persistent hostility from opponents of the Affordable Care Act and Medicaid put the historic coverage gains of the last few years in jeopardy,” said Dan Rabbitt, Senior Project Manager for Health Policy at Heartland Alliance. “The increase in the uninsured rate in Illinois and stalling of progress elsewhere show the policy choices leading up to 2017 that cut off payments to insurers and canceled ACA marketing had an impact. We worry that this reversal of progress is a sign of things to come, unless the Administration chooses to cease its efforts to undermine the ACA at every turn and instead decides to build constructively upon the progress that has been made."

    Illinois managed to pass an FY19 budget, which brings desperately-needed stability and predictability to the human service sector. Unfortunately, we have few resources to regain the losses incurred by the state during years of the budget impasse and meet the overwhelming need in our communities.

    Additional findings from the release revealed:· Illinois’s 2017 poverty rate (12.6%) is not significantly different from 2016 (13.0%). The poverty rate is still 0.7 percentage points above its pre-recession 2007 level of 11.9%, and bucks national downward trends in the poverty rate.
    · Extreme poverty—having income below half the poverty line—was also stagnant from 2016 to 2017 in Illinois, and is now at 5.8%. 724,307 Illinoisans are extremely poor.
    · Illinois median household income grew from 2016 to 2017, and is now $62,992. Income is still 3% below its pre-recession 2007 level.
    · The rate of non-seniors in Illinois who are uninsured grew to 7.8%, a 0.4 percentage point increase from 2016. This is the first time since the implementation of the ACA that uninsurance rates grew. 841,151 non-seniors remain uninsured.
    · While white households in Illinois experienced an increase in median household income, black and Latino incomes stayed flat.

    See the full attached release for more. Reported by PRWeb 9 hours ago.

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    Patient and advocacy groups filed a lawsuit seeking to block the Trump administration’s plan to let people buy less-expensive health insurance that doesn’t comply with the Affordable Care Act. Reported by Wall Street Journal 5 hours ago.

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    President Barack Obama and Vice President Joe Biden at the signing of the Affordable Care Act, March 23, 2010. (Screen Capture)

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    DONATE Reported by CNSNews.com 3 hours ago.

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    WASHINGTON (AP) — Advocates for people with mental illness and HIV are joining other consumer groups in a lawsuit to block one of the Trump administration’s main approaches for making low-cost health insurance more widely available. The case filed Friday in U.S. District Court in Washington, D.C., takes aim at so-called short-term plans that don’t […] Reported by Seattle Times 34 minutes ago.

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    WASHINGTON (AP) — Advocates for people with mental illness and HIV are joining other consumer groups in a lawsuit to block one of the Trump administration's main approaches for making low-cost health insurance more widely available. The case filed Friday in U.S. District Court in Washington, D.C., takes aim at so-called short-term plans that don't have to cover people's pre-existing medical conditions, or provide standard benefits like prescription drugs. The administration recently adopted regulations to encourage the spread of such plans, featuring premiums about one-third the cost of comprehensive insurance. Among their arguments, the groups say that those regulations violate the Obama-era Affordable Care Act. Reported by SeattlePI.com 2 hours ago.

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    Patient and advocacy groups filed a lawsuit seeking to block the Trump administration’s plan to let people buy less-expensive health insurance that doesn’t comply with the Affordable Care Act. Reported by Wall Street Journal 18 hours ago.

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