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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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    The four health insurance companies offering individual plans in Georgia are no longer threatening to break consumers’ piggy banks. Reported by bizjournals 27 minutes ago.

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    Small-group rates are going up at a higher rate than individual plans. Reported by bizjournals 13 hours ago.

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    Blockchain: A Natural Fit To Manage Health Insurance Benefit Accumulators

    ALEXANDRIA, Va. (PRWEB) July 16, 2018

    Acero Health Technologies, a leading enterprise software solution provider for national and regional health insurance companies, announces new innovative use of Blockchain technology within its existing XpandACC™ product.

    XpandACC is a proven, in-production solution that serves as a single source of accumulator truth for multiple adjudication systems (e.g., a data hub for shared deductibles, out-of-pocket limits or other accumulator limits). XpandACC supports shared accumulators across medical, pharmacy, behavioral health, vision or dental benefits. The blockchain-enhanced version will now leverage the distributed ledger benefits of security, availability, and transparency.

    Acero clients using Acero’s XpandACC product have an option to now deploy and use Hyperledger Fabric v1.0 to support a shared ledger for tracking digital “chain” assets with common smart contracts. Adding blockchain to what was already a true “real-time” solution adds localized availability and more transparency for partner systems.

    Hyperledger Fabric is an open-source blockchain framework implementation hosted by The Linux Foundation. Hyperledger Fabric is also a token-less framework that allows for permissioned ledgers ideal for an industry with sensitive data and complex partner relationships.

    Blockchain distributed ledgers are an ideal fit for the healthcare industry in general; shared accumulators in particular. The distributed nature of the technology removes single points of failure and ultimately leads to more efficient system interactions between industry parties. Multiple parties may read, write and share information about a member’s patient responsibility progress via the “chain”. Blockchain also ensures that accumulator progress is transparent, localized and accurately used based on event-driven, on-demand processes visible via blockchain smart contracts available to all permissioned parties.    

    XpandACC eliminates the need for daily or weekly batch files while also eliminating the demand for staff to research and handle all of the manual processes (e.g. claim adjustments) commonly associated with over-accumulation issues due to timing delays or rule misapplication. This true, real-time approach improves accuracy and reduces operating costs by eliminating many of the claim processing errors that commonly occur due to timing or rule synchronization issues.

    “We’re excited to be leading the way using blockchain within healthcare enterprise applications,” says Acero CIO Nick Larocca. Nick recently presented Acero’s blockchain experience at the 2nd Annual Healthcare Blockchain Summit in Boston and he also participates in the Hyperledger Healthcare Working Group.

    Nick adds, “Our software processes millions of transactions so we understand blockchain’s promise and the current obstacles in healthcare. Blockchain represents a unique industry opportunity to rethink how various industry stakeholders interact and collaborate when sharing data. Sharing accumulators via a distributed ledger is the first step toward improving the industry’s administrative efficiency.”

    For more information about XpandACC, go to http://www.acerohealth.com/products/xpandACC, or to speak with someone from our sales team about an online demonstration, please e-mail our marketing team (marketing(at)acerohealth(dot)com). Reported by PRWeb 2 days ago.

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    The Philadelphia Eagles and Independence Blue Cross have signed a six-year agreement that includes the Philadelphia-based health insurer serving as the football team's official health insurance partner and the presenting partner of Eagles training camp. Financial terms of the deal were not disclosed. “We are excited about our partnership and look forward to collaborating on new programs and health initiatives that strengthen the quality of life for residents across the Greater Philadelphia region,"… Reported by bizjournals 2 days ago.

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    The billion-dollar startups revolutionizing healthcare you should be watching in 2018 It's a good time to be a healthcare or biotech startup. 

    In the first half of 2018, healthcare startups raised $15 billion in funding, the most raised in the first half of the year in the last decade, according to Forbes. 

    By July, a new crop of unicorns — startups with valuations over $1 billion — were born, while others increased their already billion-dollar valuations.

    From companies harnessing the plant microbiome to buzzy biotechs working on cutting-edge technology, here are the US and United Kingdom-based unicorns to keep an eye on for the rest of 2018, according to data from PitchBook. 

    *SEE ALSO: Meet the 30 healthcare leaders under 40 who are using technology to shape the future of medicine*

    *DON'T MISS: Startup cofounders who sold their first startup to Google for $70 million and their second for $1.9 billion reveal how they built wildly successful businesses twice*

    -Tempus — $1 billion-

    Chicago-based Tempus got its start in 2015, and in the last three years has rocketed into unicorn territory. The startup, founded by Groupon founder Eric Lefkofsky, aims to use data to come up with better cancer treatments, using both clinical data — information such as what medications patients have taken and how they have responded to them —  and genetic data from the tumors of cancer patients.  

    In March, Tempus raised $80 million, bringing its total funding to $210 million. -Rani Therapeutics — $1 billion-

    Biotech startup Rani Therapeutics is taking on a problem that has eluded companies for decades — finding a way to turn injectable drugs into pills for people living with chronic conditions. The approach has the potential to upend billion-dollar markets for drugs such as insulin, and current treatments for autoimmune conditions like Humira.  

    The San Jose-based company raised $53 million in February from Alphabet's venture investment arm GV. To date, Rani has raised $107 million. -Clover Health — $1.2 billion-

    Clover Health sells Medicare Advantage health insurance plans. When seniors in the US turn 65, they can choose to be part of either traditional Medicare or Medicare Advantage, which is operated through private insurers like Clover and often provides additional healthcare benefits. The hope for New Jersey-based Clover and other technology-based health insurers is to use data to improve patients' health. 

    In January, CNBC reported that the company had hit some rough patches, including upsetting members who faced unexpected bills and missing financial targets.

    Founded in 2014, the company most recently raised $130 million in May 2017, bringing its total funding raised to $425 million.
    See the rest of the story at Business Insider Reported by Business Insider 19 hours ago.

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    DC Exchange Wins 2018 Amazon Web Services Best Practices Award with Unique Shared Services Partnership

    WASHINGTON (PRWEB) July 17, 2018

    FOR IMMEDIATE RELEASE
    CONTACT: media(at)ideacrew.com

    IdeaCrew’s Open Source Cloud-based Technology Powers DC Health Link To Second Prestigious Amazon Award

    DC Exchange Wins 2018 Amazon Web Services Best Practices Award with Unique Shared Services Partnership

    IdeaCrew, a leading technology consultant to the DC Health Benefit Exchange Authority (DCHBX), has again been a driving force behind a major award for the DCHBX. DCHBX runs DC Health Link, the District’s online health insurance marketplace serving 100,000 DC residents and small businesses. For the second time in three years, Amazon Web Services has selected DC Health Link for its prestigious City on a Cloud Innovation Challenge Best Practices award.

    “To be recognized by AWS as a top innovator in government is a major honor for all of us on the DCHBX team,” said Dan Thomas, CEO of IdeaCrew and Chief Engineer for DC Health Link. “The award underscores that open source software standards, agile development techniques and scalable cloud services can deliver quality and savings, and that public-private partnerships and shared services really work.”

    IdeaCrew led a major overhaul of the technology behind DC Health Link, which it deployed in 2015 and has supported since then. The new technology improved service quality, added efficiency and lowered costs through a comprehensive systems re-design using open source software and the Amazon Web Services (AWS) cloud. The success of the initial re-design led to a 2016 AWS City on a Cloud Innovation Challenge Best Practices award. It also generated significant interest from other state-level exchanges struggling with high cost, and technically rigid off-the-shelf solutions.

    In 2017, DC Health Link entered a first-of-its-kind partnership with the Massachusetts Health Connector through which the DC team would adapt its technology for the Massachusetts small business marketplace using a cloud based shared services model. The result: success, and an unprecedented second AWS Best Practices award for DC Health Link this year.

    The Amazon City on a Cloud Innovation Challenge Best Practices Award is granted annually to a local or regional government leader, or public or private school or district who has deployed an innovative solution to solve a government challenge. Qualified entries are judged on the following criteria: (a) expansion of citizen services or local government functions currently available based on the implementation of the solution; (b) use and integration of AWS Services; and (c) the significance of the solution to the local community as measured by cost savings and measurable benefits to citizens. 

    #             #                #

    IdeaCrew is a full-service technology consultancy that develops and operates modern technology solutions for public and private organizations. Clients in need of new ideas and better solutions turn to IdeaCrew as a trusted source and partner.  For 15 years, IdeaCrew’s service-oriented culture has extended the reach of our clients as they do important work. Learn more at ideacrew.com. Reported by PRWeb 18 hours ago.

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    Reported by syracuse.com 14 hours ago.

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    National leader in employer health solutions partners with groundbreaking interventional approach to treat orthopedic conditions and maximize human performance in the workforce

    CINCINNATI (PRWEB) July 17, 2018

    Pulse Health Solutions, a leading provider of innovative programs designed to assist companies to lower the cost of employer healthcare, has partnered with Regenexx to reduce high-cost musculoskeletal surgeries.

    Pulse Health Solutions offers companies solutions to reduce health expenses by targeting chronic conditions such as musculoskeletal issues, while at the same time improving employees’ health and wellbeing. Companies enrolled with Pulse Health Solution programs also reduce health-related absenteeism and workers’ compensation claims, leading to improved productivity and profitability.

    Regenexx provides non-surgical alternatives to treat orthopedic injuries, arthritis, and other degenerative conditions. Founding the field of Interventional Orthopedics, Regenexx cell-based procedures effectively intervene on 70% of orthopedic injuries and conditions where surgery was previously the only solution. This approach enables employers to save more than 80% on orthopedic costs, all while providing best-in-class outcomes. The Regenexx process of treating musculoskeletal conditions involves a level of physician skill and patented protocols to customize cell-based treatments which can only be achieved through their standards of practice.

    “Introducing Regenexx will further allow us to impact the health and risk of our clients and their significant costs related to musculoskeletal issues,” relays Bob McCollins, Chief Sales and Marketing Officer of Pulse Health Solutions. “As the industry focuses on value, an improved patient experience and investing in their associates well-being we have checked all three boxes with Regenexx.”

    Musculoskeletal conditions continue to be a leading driver of employer healthcare spending growth. Employers who have partnered with Regenexx not only report a significant drop in the need for high risk orthopedic surgeries, they also report less absenteeism and an enhanced benefits package. In fact, when given the choice of a traditional surgical procedure or a Regenexx procedure, employees have chosen to pursue Regenexx 99 percent of the time. Employers who underwrite Regenexx have reduced their orthopedic health care costs by over 80 percent. When combined, these two factors create a win-win scenario for companies in offering competitive yet cost-effective employee benefits packages.

    “Absence from work and reduced productivity due to the prevalence of orthopedic pain or due to a prolonged recovery from orthopedic surgery is a significant problem in the workforce. Regenexx can successfully intervene on the need for an orthopedic surgery through a less invasive alternative that employees are asking for,” said Jason Hellickson, CEO of Regenexx. Regenexx clinics are the only regenerative medicine solution with the capability to serve a nationwide footprint with the same standard of care from coast to coast with 60 clinic locations across the country and an additional 70 locations projected by the end of 2019.

    About Pulse Health Solutions
    At PulseHealth Solutions we work to maximize the human performance of your workforce by addressing the issues of worker health, risk, safety, engagement and productivity. We do this using our “there is no box” strategic process that will improve your workforce overall health and well-being. As a result, our customers benefit by having a healthier, happier and more productive workforce that will impact their bottom line by reducing the cost and risks related to workers compensation, health insurance and absenteeism, all of which will result in increased profitability.

    About Regenexx
    Regenexx is a nationwide network of physicians who practice Interventional Orthopedics, a new specialty that focuses on using the most advanced regenerative-medicine protocols available as an alternative to many orthopedic surgeries. Regenexx has published roughly half of the research world-wide on the use of stem cells for treating orthopedic injuries, and our patented treatment lab-processing and treatment protocols allow us to achieve unmatched results. Regenexx procedures use your body’s natural healing agents including blood platelets and stem cells to repair damaged bone, muscle, cartilage, tendons, and ligaments. We believe in educating patients, offering options, and encouraging people to take an active role in their own treatment.

    For more information on Regenexx Corporate visit http://www.regenexxcorporate.com or call 888-547-6667.
    For more information on the Regenexx procedures visit http://www.regenexx.com. Reported by PRWeb 11 hours ago.

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    The nation's biggest health insurance company continues to rack up revenue and profits. Reported by Motley Fool 11 hours ago.

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    To help rein in healthcare costs, growing numbers of American businesses are offering consumer-driven health plans (CDHPs), which lower premiums for businesses. But, with CDPH’s larger deductibles, employees still need price transparency applications to keep their costs as low as possible.

    PORTSMOUTH, N.H. (PRWEB) July 18, 2018

    As Americans struggle to wrangle in healthcare costs, growing numbers of employers are offering higher-deductible plans called consumer-driven health plans (CDHPs). Many companies view CDHPs, with their lower premiums and accompanying tax-advantaged accounts, as a way to help protect the company’s bottom line while still offering health benefits to employees. But even though these plans cost employers less, employees are unlikely to fully understand how to navigate their plan to keep their healthcare costs down. The solution, says MyMedicalShopper, is the inclusion of medical price transparency tools in these alternative benefits packages. These tools help employees comparison shop for their healthcare, allowing them to find the best services to fit their personal budgets.

    According to one study, CDHPs could be key in saving as much as $118 billion in healthcare costs. (1) But even though more than 60% of American companies offer these types of plans as part of healthcare benefits packages, only about one-third of all employees choose to enroll in a CDHP. (1) Often confused with high-deductible health plans (HDHPs), CDHPs offer employees high-deductible plans that include some kind of tax-advantaged account such as a health savings account (HSA) or health reimbursement arrangement (HRA). (2) It’s thought that these types of plans increase employees’ personal accountability for keeping healthcare costs down by putting them on the hook for much of their healthcare expenditures.

    But for employees living paycheck-to-paycheck—and those who aren’t so health literate—enrolling in a CHDP could be seen as unaffordable. Since employees are left holding the check for most healthcare services they receive, out-of-pocket expenses can get quite costly before deductibles are met. Employees are more likely to be frustrated and stressed while trying to pay for enormous medical bills. Even worse, these types of plans may actually prevent employees from receiving needed care due to concerns about how much it will cost, resulting in worse overall health—plus more time missed from work. (3)

    Mark Galvin, CEO of MMS Analytics, Inc. dba MyMedicalShopper, says, “Employers have a real opportunity to save huge amounts of money by offering their employees health insurance through CDHPs. The big mistake most companies make is not offering an employer-funded health savings account, which gives their employees some significant upside when they choose their care wisely. There’s an opportunity for both employers and employees to win with smart health plan designs, but from what we’re seeing in the market, many employers are missing this opportunity to date.”

    Galvin continues, “But even with well-designed plans, employees still need help figuring out how to save as much as possible on the healthcare services they need, since CDHPs often come with very high deductibles. Companies can continue to help their employees—in addition to their own bottom lines—by offering price transparency tools as part of their health benefits packages.”

    Shopping for medical care the same way consumers shop for other goods, like cars or TVs, is a new concept in the American healthcare marketplace. But as consumers start to investigate medical procedure costs, they’re finding that prices for medical services vary wildly—often by a factor of at least five to ten times—from one provider to another. And with more Americans realizing the benefits of shopping around for healthcare, employers are in prime position to help usher in this new way of navigating the healthcare marketplace.

    Savvy businesses already realize the benefit of offering medical price comparison tools to their employees as a way to keep healthcare costs down for everyone. Price transparency tools like MyMedicalShopper help healthcare consumers compare healthcare costs from multiple providers at the same time, offering real-time insights to help save as much money as possible. And as more Americans demand these types of services, it’s only a matter of time before these types of transparency tools become an expected part of employer-sponsored health benefits packages.

    About MYMEDICALSHOPPER:
    MMS Analytics, Inc. dba MyMedicalShopper™ is a big data company with big dreams for healthcare. Co-founder and CEO Mark Galvin gave rise to the company out of the need to provide consumers and companies who provide healthcare benefits to their employees with transparency — the leverage needed to make solid decisions on their healthcare and improve their quality of life. Consumers previously ignorant of price variations in procedures and testing utilize real-time health insurance plan pricing information that makes it possible to choose care based on price, quality, and convenience. Experts document that as much as $1 Trillion could be slashed annually from the cost of healthcare in the U.S. Their goal is to transform the healthcare industry into a fair market for consumers.

    For more information visit http://www.MyMedicalShopper.com.

    Sources:
    1.    Auerbach, Steven. “Six best practices for encouraging consumer-driven health plan enrollments”. Employee Benefit Advisor. https://www.employeebenefitadviser.com/opinion/six-best-practices-for-encouraging-consumer-driven-health-plan-enrollments. Accessed June 21, 2018.
    2.    Beaton, Thomas. “What are the Pros and Cons of Consumer Directed Health Plans?”. HealthPayer Intelligence. https://healthpayerintelligence.com/news/what-are-the-pros-and-cons-of-consumer-directed-health-plans. Accessed June 21, 2018.
    3.    Rivera, Andreas. “The Pros and Cons of High Deductible Health Plans”. Business News Daily. https://www.businessnewsdaily.com/10723-pros-cons-high-deductible-health-plan.html. Accessed June 21, 2018. Reported by PRWeb 19 hours ago.

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    The platform streamlines HR & Benefits for small to midsize business and their brokers

    SAN FRANCISCO, Calif. (PRWEB) July 18, 2018

    Flock today announced an integration and partnership with HealthEquity to provide small to midsize businesses, and their health insurance brokers, access to HealthEquity’s health savings accounts on Flock’s integrated Human Resources Information System (HRIS) and Benefits Administration platform.

    Flock’s HRIS suite includes robust onboarding, document management, employee engagement, time-off tracking, and off-boarding tools. Flock’s Benefits Administration platform, which incorporates employee and manager self-service tools, ACA compliance, and a broker Ben-Admin portal, now includes an integration with HealthEquity’s products making HSA and FSA enrollments simpler for employees.

    “HealthEquity is continually looking at ways to deliver health and wealth solutions to all of our clients,” said Bill Otten, Executive Vice President of Sales of HealthEquity. “The benefits administration market is expanding rapidly and we are excited to partner with Flock to provide a complete and seamless health savings account solution to employers.”

    The collaboration between the two companies will deliver solutions that ease the administrative and compliance burdens faced by small and midsize employers.

    “We’re excited to have HealthEquity as a partner, with their considerable leadership in the health saving space, this collaboration further ensures that employers continue to get access to the best Human Resources and Benefits Administration options available on Flock,” said Raj Singh, CEO of Flock.

    Brokers now have a modern technology solution to help them solve employer pain points and better fulfill their role as an employer’s trusted advisor. Flock’s resources equip brokers with benefits selection options and compliance tools to allow them to be more closely integrated with their clients. The Flock Benefits Administration suite also enables brokers to assist employers with vital compliance requirements such as ACA filing.

    About Flock
    Flock is an all-in-one software platform to manage HR, Benefits, and Compliance. No paper, no headaches. Flock provides a comprehensive platform to automate the critical administrative tasks required to onboard and continuously manage employees. The system limits risks and liability; and we make it easier for HR and health insurance brokers/agents alike to be the strategic drivers and champions for their business counterparts. For more information, say hello at: http://www.helloflock.com. Reported by PRWeb 19 hours ago.

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    More than eight years since the Affordable Care Act became the law of the land, the impact of the massive rewrite of the nation’s health insurance ecosphere is still a hotly debated topic. Reported by Harrison Daily 17 hours ago.

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    UZIO (powered by hCentive), a leader in the benefits marketplace, has announced a strategic alliance with Transamerica, a powerful provider in the employee benefits space.

    RESTON, Va. (PRWEB) July 18, 2018

    UZIO (powered by hCentive), a leader in the benefits marketplace, has announced a strategic alliance with Transamerica, a powerful provider in the employee benefits space.

    Transamerica introduces a portfolio of employee benefits in UZIO’s marketplace that will compliment employers’ healthcare offerings by offsetting deductibles and other expenses that health insurance alone may not cover.

    Through this collaboration, UZIO’s broker community will be able to streamline their voluntary benefits offering and will provide incremental value to their clients.

    John Stanley, Managing Director of Transamerica Employee Benefits, says “Transamerica is focused on empowering employees to focus on their wealth and health. UZIO’s platform provides benefit brokers and consultants with access to enrollment, communication and decision support tools to help employees better manage the benefits selection process.”

    With UZIO’s strategic approach in the market, this collaboration aims to simplify the distribution and management of health insurance, ancillary benefits, and other HR needs such as compliance, payroll, onboarding and more.

    “As a leader in the benefits marketplace, UZIO’s mission is to empower small and mid-size businesses to gain access to comprehensive benefits”, said Sushant Jha, VP of Commercial Business at UZIO. “Transamerica has added a suite of voluntary products to our marketplace to include accident, hospital indemnity and critical illness insurance which will further enable this market”.

    About UZIO (powered by hCentive)
    At UZIO (http://www.uzio.com), we provide the best technology platform for brokers, employers and employees. UZIO digitally transforms traditional brokers, thereby differentiating them from their peers. Our technology gives brokers a means to efficiently deploy benefits in a true digital landscape that simplifies their client’s experience. UZIO’s empowering platform helps brokers grow revenue and acquire new clients.
    For small and midsize businesses looking to provide comprehensive benefits in a cost-effective way, UZIO provides a marketplace of products and partners which simplifies benefits management by combining the power of technology and the experience of the local brokers. We enable small and mid-size businesses to manage HR and compliance with our user-friendly platform and advanced features.

    About Transamerica
    With a history that dates back more than 100 years, Transamerica is recognized as a leading provider of life insurance, retirement and investment solutions, serving millions of customers throughout the United States. Recognizing the necessity of health and wellness during peak working life, Transamerica's dedicated professionals work to help people take the steps necessary to live better today so they can worry less about tomorrow. Transamerica serves nearly every customer segment, providing a broad range of quality life insurance and investment products, individual and group pension plans, as well as asset management services. In 2017, Transamerica fulfilled its promises to customers, paying more than $35.6 billion in insurance, retirement, and annuity claims and benefits, including return of annuity premiums paid by the customer. Transamerica's corporate headquarters is located in Baltimore, Maryland, with other major operations in Cedar Rapids, Iowa. Transamerica is part of the Aegon group of companies. Based in the Netherlands, Aegon is one of the world's largest providers of life insurance, pension solutions and asset management products, operating in more than 20 markets worldwide. For the full year of 2017, Aegon managed $982 billion in revenue generating investments. For more information, please visit http://www.transamerica.com.

    Media Inquiry:
    Sunny Arora
    Sr. Director, Marketing at hCentive, Inc
    sunny.arora(at)hcentive.com Reported by PRWeb 18 hours ago.

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    Lawmakers are negotiating a bill that would shore up community hospitals at the expense of health insurance firms and larger hospitals. The bill is a misguided attempt to address shortcomings in the real issue: Health care costs are high. This bill makes them even higher. Reported by bizjournals 14 hours ago.

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    Major Life Insurance Carrier to Utilize Innovative Mobile Insurance Platform

    SHREVEPORT, La. (PRWEB) July 19, 2018

    Praeses, a national leader in software and mobile application development services, is pleased to announce that Liberty Bankers Life Insurance Company (LBL) has selected the RESPONDPlatform to support its home service producers. RESPONDPlatform, a native mobile application, includes modules for illustrations, e-forms, and collections, as well as a producer portal. The platform improves efficiencies, reduces the time of the application lifecycle, increases the number of in good order (IGO) applications submitted to underwriting, provides visibility into agent operations, reduces errors, and eliminates paper from applications and collections processes. Additionally, Praeses will provide professional services to implement and support LBL’s use of the platform.

    “We are very excited to work with Praeses,” said Eric Johansson, Chief Operations Officer for LBL. “Providing a cutting-edge technology platform to producers which automates and tracks premium collections along with business quality and performance reporting was a strategic objective of ours, and Praeses delivered both – and more – with their RESPONDPlatform.”

    Praeses President Adam Rosen added, “Praeses is proud to add LBL to our list of RESPONDPlatform customers. We look forward to continuing our partnership with them and adding increasing value to their organization by helping improve their agent operations in the field.”

    With over 20 years’ experience in the insurance industry, Praeses is a recognized leader in the Life and Property and Casualty space. To learn more about how the RESPONDPlatform and other innovations from Praeses can benefit your company, call 318-425-8125 or email btsolutions(at)praeses.com.

    About Liberty Bankers Life Insurance Company
    Liberty Bankers Life Insurance Company offers life insurance, annuity, and health insurance products in 47 states designed to help individuals and businesses meet protect their financial goals. LBL has developed a proven track record for growth of assets, premiums and earnings over the last decade, with more than $2 billion in assets now under management.

    LBL is currently rated B++ with a secure, stable rating outlook by A.M. Best Company, the most recognized rating agency for the insurance industry.

    To learn more, visit http://www.libertybankerslife.com

    About Praeses
    Offering proven and consistent business success through a unique combination of people, process, and results, Praeses is a leader in innovative software development and services. Its client base of local, national, and international organizations includes small businesses, Fortune 100 companies, state and local governments, and the Department of Defense.

    Employing a team of versatile professionals, Praeses offers an exceptional range of experience and expertise — aligning clients with its professionals to yield focused applications and solutions to business problems.

    To learn more, visit us at http://www.praeses.com. Reported by PRWeb 1 day ago.

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    The health insurance Goliath's financials are increasingly dependent on this important program. Reported by Motley Fool 11 hours ago.

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    The Times carried a story on Friday, citing that the Britons will from next week start receiving weekly information bulletins from the UK government about how to ensure they’re ready for a disorderly Brexit, Reuters reports.

    The newspaper added that the information will be distributed as “bundles” to consumers and companies as the UK prepares for the exit from the European Union (EU) on March 29, 2019.

    Further, the small businesses will be given information about how to make customs declarations while British holidaymakers will be told to buy health insurance in case current reciprocal deals end, the newspaper noted.

      Reported by FXstreet.com 23 hours ago.

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    The latest offering follows a template that has worked well in the past. Reported by Motley Fool 19 hours ago.

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    Friday: Diversity at the newest U.C. campus, increasing health insurance premiums and “The Brady Bunch” house is for sale in Los Angeles. Reported by NYTimes.com 19 hours ago.

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    Cigna's CEO explains why the problem with healthcare in America has nothing to do with employers· *The CEO of health insurer Cigna, David Cordani, says the problem with America's healthcare system is that most of the money is being spent on intervention after people already are sick. Cordani believes we need to spend more money and resources keeping people healthy in the first place.*
    · *Cordani says that it makes sense for Americans to get health insurance through their jobs. He argues that employers have a vested interest in keeping employees healthy.*
    · *Cordani is disappointed that America let the opioid crisis get to where it is today. He believes the solution to that problem, and many other problems in healthcare, will rely on more personalization. *

    --------------------

    David Cordani is the CEO of health insurance company Cigna. Cigna is acquiring Express Scripts, the largest standalone pharmacy benefit manager, in a $67 billion deal that includes $15 billion of debt. Cordani sat down with Business Insider's Sara Silverstein to talk about the merger, the future of healthcare, and his new book “The Courage To Go Forward.” Following is a transcript of the video. 

    *Sara Silverstein*: So first tell me what the plan is with Express Scripts, why merge with them?

    *David Cordani:* Sure, so we're a global health service company we're fortunate, we have 95 million customer relationships around the world. As we look at all of our business including in the United States, we see that still the number one need for Americans is to improve affordability and to do so in a very personalized fashion. Pharmaceutical services have quickly grown to about 25% of the overall cost equation, with specialty pharmacy being about two-thirds of that 25% and about half of that is in the medical part of the promise. So, it presents an opportunity to further improve affordability. Also, further improve quality because in America when there's a gap in healthcare, so evidence based care is not followed, it typically ties to a pharmaceutical. So that's point one. Point two is it expands our distribution reach. There's a lot of ways in which Express Scripts distributes to employers, health plans, or governmental agencies that we don't. So it expands our distribution reach to touch more lives with our behavioral services, our well-being services. So, improve affordability and personalization for our clients and customers, improve quality, and then expand reach, or touch more lives.

    *Silverstein*: And how are you going to increase affordability?

    *Cordani:* Yeah, so first you always need to have a strong foundation. Cigna's delivered the lowest or the best medical cost trend in the industry five years running. And 2018 will be six years running. And we do so by engaging the individuals, trying to lower health risks, keep people healthy, and then improve the quality of healthcare that's delivered. Express Scripts has also delivered differentiated medical cost trends. So we're building off of strength. But the way we further build off that strength is further tighten and strengthen the relationship between an individual or patient with their physician — we do that quite well through our “Collaborative Accountable Care” relationships. Two, use actionable information to predict or identify health risks before they happen, So, a prediabetic before they become diabetic, a coronary risk patient before they have the heart attack, a high-risk maternity mom, and help that mom go full-term, that's how you improve overall cost and quality, and the combined capabilities, as well as information, enable us to do that even better.

    *Silverstein*: And what do you think will change about the way that healthcare looks in the future?

    *Cordani:* I think the biggest change we aspire for and as a company we're driving toward, is more personalization. So what do I mean by that? Typically in the United States, most healthcare is purchased, the programs are purchased, insurance and related services, through some intermediary, an employer, a governmental agency. And they do good jobs to try to get the right package for the benefit of individuals, but nobody's average, we're all very unique. So, through information, and through technological innovation, you get a lot more personalization to the coverage, to the modalities of communication, to the access profile that works best for an individual so I think you'll see a lot more personalization of engagement from that standpoint. And secondly, for the medical professionals, doctors, as well as the manufacturers of devices, and pharmaceuticals, the rewards need to be much more oriented around the outcomes and the quality than the consumption. So those are the two big changes we see and we're fueling and driving as a corporation.

    *Silverstein*: And do you think it makes sense at all for healthcare to be tied to employers anymore given how much our workforce has changed?

    *Cordani:* Yeah so in the United States greater than 50% of Americans today get their health services support through an employer. That, that is a manifestation from a long time ago post World War II wage controls that existed, but, but we are where we are. Answer to your question is yes, I do. And the reason why is: an employer actually has a vested interest in helping to keep their employees healthy, and productive, and present from a work standpoint. Two, the worksite and the culture of an employer create some mechanisms to engage an individual, ways to communicate, ways to provide on-site care, ways to provide peer support, program support, etc. So there's incentive alignment, there's culture you could pull against and support it, and then there's delivery mechanism. So we think the answer is yes, and we have a ton of bright spots where we could point to employers that have innovated with us and we've innovated with them. And their employees and therefore their business is better off and those employees family members are better off 'cause they're getting better, more comprehensive healthcare.

    *Silverstein*: And what do you think makes America different? Why are we spending so much on healthcare? Can you point to one thing that like our policies, or something in America that is a problem?

    *Cordani:* Yeah, so our system is quite different, right? We're a global company, we do business all over the world. So we're able to see systems in the most developed OECD countries and developing countries around the world. There's multiple differences. First and foremost, the United States is the largest sick care interventionist system in the world. We spend the majority of our money and resources addressing people once they're sick. We need to spend some more of our resources keeping people healthy in the first case, and identifying people who are at risk of health events and lowering those health risks. Some other countries do that better through social service support, poor community based health support, etc. Secondly, we have more specialists and more hospitals per capita than any other OECD countries and less primary care, be it OBGYN, pediatrician, family practitioners, and, and we need to moderate that a little bit, to, again, help coordinate the whole person on the front end. There's trade-offs in the way we've built our system. As a company we've had great success partnering with physicians through what we call, “Collaborative Accountable Care” relationships, we have 375 of which that are up and running with physicians, and another 125 with hospitals, and we're working more comprehensively. But in a nutshell, we wait too long in terms of trying to fix somebody once they're sick, as opposed to engage on the front-end and keep people healthy in the first place, that's where Cigna expends a lot of resources. Secondly, we spend a lot more money on the high cost intervention, as opposed to enabling the primary care physician, the geriatrician, the pediatrician, to have more resources to help to coordinate care for individuals. And we have a different pricing scheme relative to some of our services, be they pharmaceutical or otherwise, versus other parts of the world.

    *Silverstein*: And when you look at the opioid crisis, what do you think is something — what will help that? What do we need to do?

    *Cordani:* In a way the opioid crisis is first, it's something our country should be quite disappointed we allowed to transpire, because essentially we've systematically poisoned our population in a way in-terms of the mass consumption of opioids. But if you step back, it's another example that reinforces we try to answer problems with interventions. So, have a problem, have an intervention. As opposed to more comprehensively helping individuals manage pain. So stepping back, we consume the vast majority of the worlds pharmaceutical opioids for 5% of the world's population. That doesn't really make sense. As a company we stepped forward about two and a half years ago and said we're going to reduce the consumption of pharmaceutical opioids by 25% for our customers working hand in glove with physicians to bring the consumption back to pre-epidemic levels. And we sought to do that in three years. I'm proud our company did it in 22 months. And now we step forward and said in cities around the United States, we're stepping forward with a pledge to reduce the rate of opioid and overdose related deaths by 25%. And the way you do that is one person at a time, and working hand in glove with medical professionals and community leaders. So, to me it's a problem that is really symptomatic of an overconsumption of health services unnecessarily and not addressing the whole person in coordination with the physician and the bright spot is when you work collaboratively with the physician and the individual you could move the needle forward, and I'm proud of what our company did.

    *Silverstein*: And how do you do that on such a large scale, because like you said it is a very one-to-one thing and how do you create an incentive to not — to reduce the number of prescriptions without hurting people?

    *Cordani:* Yeah, I know, really important and powerful question. So, when you're a large corporation, no matter what industry you're in, the risk is that you kind of come at things in a homogeneous way. We believe everything is local. All healthcare is personal, all healthcare is local. So we operate a very localized model, aided by global resources. So the engagement happens with the local practicing physician, with our physician leaders talking hand and glove with those individuals. It comes with convening community leaders, faith based leaders, employers, elected officials, locally. Because the solution in Community A is different than the solution in Community B based on the local orientation. And in fact, our strategy is: “go deeper, go local, go beyond.” So we're quite serious about that localization in terms of the personalization, the engagement at the local level, and trying to drive it. But it's with the clinicians, not to the clinicians. And it's with the consumer or patient not to the consumer or patient.

    *Silverstein*: And going back to Express Scripts when you look at a merger and when you look beyond just the synergies and the business opportunities, what else are you looking for? What culture or management things are you concerned about?

    *Cordani:* Yeah, I think which culture is quite important because, again, we're a global health service company we're not an insurance company. We exist to improve the health, well-being, and sense of security of the people we serve. We're a service based company. So you start with a notion of purpose. What is your purpose? We're a publicly traded company, and we get that. We're a performance oriented company, we get that. But you could also be mission based. So looking at a culture that is market oriented, commercially oriented, consumer oriented, respect and understand the clinical community, and want to work with others, and partner with others. Second, a deep empathy and humanity. So, I was with the Express Scripts team on Monday of this week, all day in Saint Louis, meeting with colleagues talking about — and there's a deep passion of community based orientation. When you have those ingredients and an open mindedness relative to sustained innovation, success is possible. If you're not commercially oriented, if you're not consumer oriented, if you don't deeply respect the clinical community, if you're not community oriented, if you don't have the empathy and humanity in your, in your coworkers — we have 47,000 colleagues, they have 27,000 colleagues, it's tough to be a service company. So that fiber is quite important and both companies share that fiber.

    *Silverstein*: Great, and you have a new book, “The Courage To Go Forward,” can you tell me what inspired that?

    *Cordani:* Yeah it's my only book, it's not the new book so it's the only one I ever penned. And I was fortunate to coauthor it with the founder of Achilles International. Achilles International is a not-for-profit that focuses resources on helping people, largely with disabilities, both physical and otherwise, set goals, pursue those goals have support around them, and complete those goals. We've partnered with them for about a decade. I've personally been highly active with them for eight of those 10 years, and there are some really powerful stories that we wanted to tell, their founder and myself, in the book around these profiles in courage of individuals overcoming phenomenal obstacles, to set goals that many people would think are impossible and then introduce a little recipe of how you pursue those goals, because you just don't will them to happen. And then we introduce this theme of micro communities, how very small aggregations of individuals one, two, or three could wrap around and support an individual in pursuit of that goal. So we wanted to tell the stories, because there's many stories in there, we wanted to introduce the recipe, and with an objective of helping people have the courage to set goals that they may think are out of their reach, and help individuals realize that you can change people's lives one at a time by activating in these micro communities and lastly the purpose was quite noble because 100% of the proceeds go to benefit Achilles International and further that mission.

    *Silverstein*: And can you tell me what a micro community is?

    *Cordani:* So, a micro community it’s a term we made up, right? So what it means to me is, I'll give you a concrete example. Double amputee wounded veteran, sets a goal to — of running their first ever marathon on prosthetics. Never ran a marathon before they had prosthetics. Not a goal that's seems achievable. One or two people wrap around that individual, and do everything humanly possible to enable that goal to be achieved, they're gonna pull from other resources but, the intimacy of those one or two people and I've had the blessing and fortune of being that one or two persons many times, and seeing the power of that, and failure is not an option, and we're going to achieve that goal and then the leverage effect afterward for that person who realizes that goal was achieved to set other goals in their lives. One of the — one of the gentlemen, the first person I ever guided, Matias, he set a goal to actually become a police officer. He was a double amputee. Well he had to accomplish all of the able-body tests, which were largely deemed to be impossible, failed multiple times along the journey, today he's a Long Island Police officer. So that’s — those are the powerful messages you want to get through. But the micro communities are essentially to instill the ability for one or two individuals to make huge change, and then the leverage effect of that.

    Join the conversation about this story » Reported by Business Insider 15 hours ago.

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    For the first time in six years, the portion of U.S. workers offered health insurance through their employer has risen, a sign a tighter labor market is prompting businesses to offer more generous benefits. Reported by Wall Street Journal 13 hours ago.

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    Four months post launch, the Israeli-based global insurance quotes marketplace platform now have over 70 companies and over 12,000 agents on board.

    REHOVOT, Israel (PRWEB) July 21, 2018

    Insuranks.com, the Israeli technology startup company and global intermediary online insurance quotes marketplace platform, was officially launched several months ago, yet it already has over 70 registered insurance companies and 12,000 insurance agents on board.

    The free marketplace & community platform allows insurance companies and agents to join and participate in bidding on insurance consumer quote requests. The winning bidders can then manage the policyholder online through desktop or mobile devices.

    Insurance consumers, which are named Insurankers on the platform, for their great role in the community of submitting feedback on their chosen insurers service levels, rankings that then aggregates in to an overall Insuranks Score. Which serves as the insurance companies and agents reputation on the platform.

    Insuranks ranks the best insurance companies and agents based on these rankings for over 200 supported insurance categories and serves the 10 best insurers to their users, among the categories:

    Car Insurance Quotes
    Motorcycle Insurance Quotes
    Life Insurance Quotes
    Health Insurance Quotes
    Home Insurance Quotes
    Business Insurance Quotes
    Travel Insurance Quotes
    Pet Insurance
    Auto Insurance

    And many many others. Even some less mainstream ones, like:

    Nuclear Incident Insurance
    Celebrity body parts insurance
    Zombie Apocalypse Insurance
    And Alien Abduction Insurance

    The online marketplace and community was created to create a better global insurance experience for all sides of the industry and make insurance more accessible, simple and friendly, which includes mobile friendliness.

    The platform is currently free for use for all sides of the industry and is looking to evolve globally and technologically in order to disrupt and recreate insurance for everyone’s benefit.

    Sources:

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    Washington Post Reported by PRWeb 22 hours ago.