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

Why We're Picking Walmart And CVS Over Doctors' Offices

$
0
0
The American health care system may finally be catching up to the rest of the 21st-century economy, in which convenience is not only expected, but demanded -- and massive retailers are driving the change.

Patients suffering everyday complaints like chest colds or ankle sprains have long faced the lamentable choice between waiting days to see their family doctors or enduring time-sucking, unpleasant and expensive visits to hospital emergency rooms, especially at night and on weekends when physicians typically aren't open for business. It's one of the most annoying aspects of the way medical care is provided in the United States.

Big chains like CVS, Walgreens and Walmart are stepping in to try to correct this market failure. These and other retailers are opening hundreds of new walk-in clinics, staffed by medical professionals such as nurse practitioners and physician assistants. They're betting that Americans craving speed, convenience and easy-to-understand prices will be willing to break their habit of expecting a doctor to handle all of their medical issues.

"People are demanding health care to react similarly to other service industries, where people have a need and they want it relatively easy," said Nancy Gagliano, a primary care physician and chief medical officer for CVS Health's MinuteClinic. "The traditional health care system really is not adequate to support the need."

Although still vastly outnumbered by doctors' offices and hospitals, retail clinics are spreading rapidly: There currently are almost 1,900 across the U.S., up more than sevenfold since 2007, according to data compiled by Merchant Medicine, a consulting firm that tracks the sector.

The time seems right for the health care landscape to include places such as CVS MinuteClinic, Walgreens Healthcare Clinic and Walmart Care Clinic, along with similar locations housed inside retailers such as Kroger, Target and Rite Aid.

For starters, patients appear eager for the clinics. When the Advisory Board Co., a Washington-based consulting firm, surveyed consumers last year, it found respondents valued being treated by a physician less than the convenience of night and weekend hours, getting seen without an appointment, and being able to fill prescriptions on-site.

"People are also more sophisticated than, I think, in the past, health care has given them credit for," Gagliano said. "They have a really good sense of when the MinuteClinic-type visit is appropriate for their needs and when it's worth waiting for their doctor for a more complex issue or more chronic and preventative-care follow-up."

CVS Health's MinuteClinic, the market leader with close to 1,000 locations in 31 states and the District of Columbia, had more than 18 million patient visits in 2013, up from 5 million just two years prior, according to the company. It plans to have 1,500 clinics by 2017.

Eric Knudtson of New York might be the prototypical retail clinic patient. Knudtson, a 23-year-old student, visited a clinic inside a New York City Duane Reade -- owned by Walgreens -- last week for a check-up. He opted for the clinic because it was convenient and because he doesn't have a regular doctor in the city, he told HuffPost.

"I just came here because it was on my way home from school," said Knudtson. The two times he used the Duane Reade clinic weren't as time-consuming as visiting a physician's office, he said. His visit last week took less than an hour, including wait time. "It seems like it's gone pretty quickly."

Locations like these offer basic check-ups plus vaccinations and treatment for minor ailments, and their medical professionals can write prescriptions. Unlike the pharmacy and grocery chains, Walmart is positioning itself as a true primary care provider, while both Walmart and Walgreens tout their services for patients with chronic diseases. Walmart sets a flat price of $40 per visit (or $4 for company employees), while CVS Health and Walgreens charge less than $100 for most treatments. Lab work, drugs, vaccines and other things carry additional fees.

Retail clinics can't replace the physician's office or the emergency room, retail executives emphasized. Doctors are better-trained than nurse practitioners and physician assistants and are more knowledgeable about their patients' medical histories. ERs are equipped to handle life-threatening medical problems that retailers cannot, and can admit the sickest patients directly to the hospitals. Retail clinics also typically offer a less-comprehensive set of services than urgent-care centers, and don't have as much high-tech equipment.

Medical societies like the American Academy of Family Physicians and the American Academy of Pediatrics have expressed other concerns about these clinics.

Records of what services a patient gets at a retail clinic may not be shared with their doctors, even though retailers can transmit them electronically or on paper. That could lead to problems such as unsafe mixing of medicines, physicians being unaware of changes to their patients' health, or tests and treatments being needlessly duplicated.

But there's also a well-documented shortage of primary care physicians in the U.S., making it harder for people to get timely appointments or even to find a family doctor. And medical schools can't churn them out quickly enough to meet the demand. This problem could become even more acute as millions of Americans get health care coverage because of the Affordable Care Act. Inadequate access to doctors also has prompted some states to loosen restrictions on what non-physician practitioners are allowed to do.

Between 40 percent and 50 percent of the patients who have visited the clinics at CVS, Walgreens and Walmart reported they have no regular primary care provider, according to executives at those companies.

At the same time, health insurance -- from employers and from the Obamacare exchanges -- increasingly requires patients to pay more when they get medical care. Retail clinics offer services at clearly marked prices that often are lower than at physician's offices and hospitals.

"We have what I term as a new age of consumerism," said Patrick Carroll, the chief medical officer for Walgreens Healthcare Clinics and a primary care physician. "They're making choices based on convenience and economics."

Another draw is that Americans are working longer -- and less flexible -- hours. Employers and employees alike welcome retail clinics that can treat workers' minor ailments quickly and get them back to work sooner, said Jennifer LaPerre, senior director of health and wellness at Walmart U.S.

"It's hard to leave work during the day hours when you need to get care. But if they need to, they certainly don't want to be gone long," LaPerre said.

For the struggling retail industry, medical clinics offer both a new source of revenue linked to the massive and growing U.S. health care market, as well as a means of driving foot traffic into their stores, where customers may buy other products.

"We really want to be able to serve that audience who probably is shopping in our stores, but who may not have access to affordable health care," LaPerre said.

Jillian Berman contributed reporting. Reported by Huffington Post 15 hours ago.

Got help paying for health care? Watch your mailbox

$
0
0
If you're among the millions of consumers who got financial help for health insurance last year under President Barack... Reported by Deseret News 15 hours ago.

NEW VIDEO: Scott Walker exposes the fiction behind King v. Burwell

$
0
0
By Doug Kendall and Joey Meyer

Despite all the rhetoric against Obamacare, conservative governors and state officials aren't exactly lining up to join the latest Supreme Court challenge designed to gut the Affordable Care Act. This weekend, the New York Times reported that only a meager six state attorneys general have signed onto a brief supporting the plaintiffs in King v. Burwell. To see why, just listen to Governor Scott Walker, whose comments in 2013 controvert the central claim in King.

The plaintiffs in King argue that the Affordable Care Act's premium tax credit (or subsidy), which makes health insurance affordable for the vast majority of ACA participants, was intended only for state-run insurance marketplaces (or Exchanges) and explicitly not for states that opt for the federal government to operate their marketplace. The threat of withholding the tax credit, the plaintiffs argue, was Congress' way of coercing states into running their own marketplaces.

But in February 2013, Governor Walker unveiled a health care proposal explicitly predicated on the assumption that eligible Wisconsinites who purchased insurance through the federally-run marketplaces in his state would receive the tax credit. He assured his citizens that low- and moderate-income Wisconsinites could afford health insurance, even though Wisconsin had not established its own marketplace, because "the Exchanges under the Affordable Care Act provide a subsidy to make the health care Exchange affordable."

Watch the governor's remarks here:
Watch the governor's full speech here.

This isn't the first time that remarks from Scott Walker have dashed the credibility of the King challenge. Last week, Think Progress reported that the governor had explained in an interview with the Wall Street Journal that "there's no real substantive difference" between federal and state-run Exchanges. Walker's former top health official, Dennis Smith, has contended that Walker was referring in that comment only to the degree of control he would exercise over the Exchange. Smith stated that "people who are trying to pull the subsidy issue into the governor's comments are just wrong." But in light of this new evidence, it is clear that Governor Walker understood the tax credit to be available on federal marketplace, and he fashioned a policy proposal around this result. It's Mr. Smith that's "just wrong" in characterizing his former boss's remarks.

One of the most vocal opponents of the ACA, Walker understood exactly what Congress intended: that tax credits are available to low- and moderate-income individuals who purchase insurance through an ACA marketplace, regardless of who operates the marketplace in their state. And Walker clearly wanted that interpretation to prevail because it allowed him to criticize Obamacare, refuse to establish a Wisconsin Obamacare Exchange, while simultaneously ensuring that Wisconsin citizens retain one of Obamacare's most generous benefits: the tax credits.

Walker's understanding is almost universally shared outside the DC-based Obamacare attack machine. To start with, all the primary authors of the Affordable Care Act have said on record that the tax credit is available to all qualifying citizens with no restriction upon, or threat to, states not establishing their own marketplaces, and over a hundred state legislators have said on record that they agree with this interpretation. Meanwhile, look further at the brief filed by those six state attorneys general supporting the plaintiffs. That brief merely echoes the plaintiffs' argument that four words in the law--"established by the State"--preclude tax credits to Americans in the 34 states where the federal government runs the marketplace. But nowhere in that brief--nor anywhere else--is there a shred of credible evidence that any of the elected officials who wrote the law, or any of the state officials tasked with implementing it, understood the tax credit to be so limited.

That's because state officials--even strident opponents of the law like Governor Walker--can't honestly say that they understood this alleged conditioning of the tax credit, blowing a hole in the "coercive intent" theory so central to the plaintiffs' narrative.

Scott Walker actually fashioned policy with the understanding that the credit was available on federally-run marketplaces. He knows that over 127,000 people already depend on the tax credit in Wisconsin, 127,000 people who could lose access to affordable health coverage. That's part of the nearly 10 million people nationwide who may stand to lose their coverage, as recent studies by The Urban Institute and RAND Corporation show. Further, in addition to the millions who would lose coverage, the loss of tax credits could also result in "significant instability and threaten[] the viability of the [individual insurance] market."

It defies belief that any governor, including Governor Walker, would allow their states and citizens to face such an outcome. Governors do have to govern, after all. Walker's comments are as clear as the law: tax credits are available nationwide, just as Congress intended. Reported by Huffington Post 14 hours ago.

Some Consumers Turn Down Obamacare Subsidies On Principle

$
0
0
In an ultimate nose-thumbing of the Obama healthcare program, some consumers who might qualify for subsidies are turning them down, opting to pay more out of their own pockets for health insurance coverage, according to US News & World Report. Reported by Newsmax 13 hours ago.

SCOTUS Ruling Against Obamacare Subsidies Could Cost Insurers 10 Million Customers

$
0
0
The U.S. Supreme Court, which is slated to hear a case as early as next month on the legality of subsidies awarded to Americans who purchased health coverage on the federally run marketplace, could take millions of customers away from the biggest names in health insurance. Reported by Motley Fool 14 hours ago.

How Do I Report My Health Insurance On My Tax Return For Obamacare?

$
0
0
How Do I Report My Health Insurance On My Tax Return For Obamacare? Reported by ajc.com 13 hours ago.

Here's How Apple Could Keep You Out Of The Doctor's Office (AAPL)

$
0
0
Apple announced its health monitoring app, HealthKit, last June.

Now we're getting a better idea about how Apple could be making its devices into a hub for your medical needs.

The iPhone and Apple Watch may upend how we take care of ourselves through do-it-yourself (DIY) diagnoses, according to a new report by UBS analyst Steven Milunovich.

UBS talked to Dr. Eric Topol, a cardiologist who has written about the intersection of technology and medicine.

Topol told UBS that apps are being developed for "DIY diagnosis of ear, eye, throat, lung, and heart issues."

Video consultations will slowly replace visiting the doctor's office, said UBS. Apps like HealthTap are already offering video consultations with doctors to those willing to pay a subscription fee.

Phone attachments will allow people to test their blood, liver, kidney, urine, breath, and sweat, UBS predicted.These are just UBS' predictions for what Apple will do with HealthKit. The Apple Watch is expected to link you to your health care provider, which could lower your health insurance costs.

We'll have to wait and see if Apple will becomes the gateway to your doctor, too.

*SEE ALSO: Here's How The Apple Watch Could Help You Go Grocery Shopping*

Join the conversation about this story » Reported by Business Insider 9 hours ago.

Conference Helps Baby Boomers “Future-Proof” their Finances

$
0
0
Avenidas hosts Boomer Bootcamp conference on Saturday, Feb. 7.

Palo Alto, CA (PRWEB) January 12, 2015

What do adults ages 55-70 have in common with ostriches? The fact that they all want to just bury their heads in the sand and not think about getting older!

That is a critical mistake and one of the main reasons Avenidas is hosting the “Boomer Bootcamp: Firming Up Your Financial Fitness” conference to be held from 9:30 a.m. to 4 p.m. on Saturday, Feb. 7 at the new Mitchell Park Community Center (3700 Middlefield Road).

This is the fourth annual conference and will feature a keynote address, conference materials and giveaways, a choice of three workshops and closing address, as well as a fresh box lunch and espresso coffee cart. The cost to attend is $60 per person.

According to Gallup’s annual Economy and Personal Finance poll, a majority of people, 59 percent, worry about not having enough money for their golden years. If this resonates at all, then this conference is a must.

Experts in a variety of fields will discuss such topics as:· Retirement Readiness
· Social Security Strategies
· Health Insurance Costs
· Taxes
· Investments and Cash Flow
· Housing
· Legal/Trust Issues
· And more!

“Most people are reluctant to look ahead to later life, especially if they think that there is nothing they can do about getting older,” states Richard Adler, distinguished fellow, The Institute of the Future. “Looking ahead can be a powerful means for anticipating both challenges and opportunities and pre-paring for them in advance,” Adler points out. “The really good news is that many previous models of aging are no longer accurate, and we are at a time of considerable creative excitement around reinventing expectations about later life.”

Adler, who will be the conference’s keynote speaker, will explore some of the “zones of innovation” where new pathways and new models for successful aging are being created.

“It is not your grandfather’s retirement anymore,” he laughingly states.

For pricing discounts, workshop information and to register, please call (650) 289-5435 or visit http://www.avenidas.org.

About the company:
Avenidas Rose Kleiner Center is a program of the non-profit agency Avenidas. It seeks to create a community that supports and celebrates older adults and provides a wide range of support options, information and services that enable people to stay active, maintain their independence, help their aging parents or care for a spouse. Avenidas’ innovative programs and compassionate staff help enrich the lives of more than 6,500 mature adults and their families each year. Avenidas serves the mid-Peninsula communities of Palo Alto, East Palo Alto, Stanford, Menlo Park, Los Altos, Los Altos Hills, Atherton, Portola Valley, Woodside and Mountain View. For more information, please visit http://www.avenidas.org. Reported by PRWeb 12 hours ago.

Business Highlights

$
0
0
NEW YORK (AP) — Energy companies are leading a decline on the stock market as crude oil continues to tumble. The slump means much lower profits for energy companies, even though consumers benefit by paying less for gas. The steep drop in oil prices over recent months has investors second-guessing expectations for the quarterly earnings season. Monday marked the unofficial start to the fourth-quarter earnings season as Alcoa turned in its latest results after the closing bell. The two separate devices — actually orange boxes designed to survive extreme heat and pressure — should provide investigators with a second-by-second timeline of the plane's flight. WASHINGTON (AP) — President Barack Obama on Monday proposed strengthening laws against identity theft by requiring notification when consumer information is hacked and protecting students' private data. The president said identity theft is a growing problem and that the age of technology and digital innovation has created enormous vulnerabilities for the U.S., citing the recent hack on Sony Pictures Entertainment as an example. WASHINGTON (AP) — If you're among the millions of consumers who got financial help for health insurance last year under President Barack Obama's law, better keep an eye on your mailbox. Because this is the first time Americans will experience the complex connections between the health care law and taxes, there's concern that some people may not realize the new forms are important, and that they do need to open that envelope. WASHINGTON (AP) — Creative industries contribute more to the U.S. economy than previously thought, the government said Monday in its first official analysis of the arts and culture sector's economic value. Six industries account for the bulk of arts and culture production — broadcasting, movies and videos, publishing, retail sales, performing arts and advertising. WASHINGTON (AP) — Two securities exchanges will pay a total of $14 million to settle charges of giving inaccurate information to trading firms about their buy and sell orders. BEIJING (AP) — Police in China have arrested more than 110 people on suspicion of selling pork from diseased pigs in the country's latest food safety scandal. Reported by SeattlePI.com 12 hours ago.

Clifford Adams, Kool & the Gang Trombonist, Dead at 62

$
0
0
Clifford Adams, trombonist for iconic American jazz-funk group Kool & the Gang, died on Monday morning after a year-long battle with liver cancer, according to NJ.com. He was 62.

The musician, hospitalized at Capital Health Regional Medical Center in Trenton, N.J., had been without health insurance to cover medical expenses for quite some time, according to the reports. His family and friends threw several fundraisers in recent months to help cover the cost of Adams’ live transplant. They had also received support from a nonprofit organization called Jazz Bridge, which was created to help out local musicians.

*See Photos:* Hollywood’s Notable Deaths of 2015

“Clifford Adams was a marvelous musician, an important musician, not only in the Philadelphia-Trenton area but both nationally and the world,” Suzanne Cloud, executive director and co-founder of Jazz Bridge, said in a statement.

Kool & the Gang trumpeter Michael Ray also mourned the loss of his band mate. “This was my closest and my oldest friend,” he said to NJ.com. “If you knew Cliff, you knew his infectious smile and his strong spirit… He was powered by family values and he was one of the baddest trombone players in all the planet.”

Kool & the Gang have sold over 70 million albums since the Jersey-based band was formed in 1964. A few of their most notable hits over the decades include “Celebration,” “Get Down on It” and “Ladies Night.”

*Also Read:* ‘Seinfeld’ Actor Taylor Negron Dead at 57

In addition to playing trombone with Kool & the Gang, Adams also played in several other bands and with several other notable musicians, including Duke Ellington, Patti LaBelle and the Bluebells and The Stylistics. He also released two solo albums, “The Master Power” and “I Feel Your Spirit.”

 

*Related stories from TheWrap:*

'Seinfeld' Actor Taylor Negron Dead at 57

Anita Ekberg, Star of 'La Dolce Vita,' Dead at 83

Samuel Goldwyn Jr., Iconic Film Producer, Dead at 88 Reported by The Wrap 9 hours ago.

Health insurer paying $74,000 tied to agreement with New York state

$
0
0
Excellus Health Inc., one of the largest insurers in New York, is expected to pay at least $74,000 to some of its members under an agreement with state regulators tied to improper health insurance payments. The agreement involved excessive health insurance co-payments charged to several thousand Excellus members in the Rochester area, according to state Attorney General Eric Schneiderman. Jim Redmond, vice president of communications and community investment at Excellus, responded to the release… Reported by bizjournals 9 hours ago.

PEO Experts, SourceOne Partners, Talk About Trends in 2015: The Wake Up Call Has Sounded

$
0
0
Affordable Care Act, I-9 compliance are top concerns for small business owners in the New Year

Boca Raton, Florida (PRWEB) January 13, 2015

Businesses of all sizes throughout the United States are preparing for the challenges that come with a new year and new regulations, and one way they're doing so is by evaluating their options with Professional Employer Organizations (PEO). Important trends affecting businesses include continuing compliance with provisions of the Affordable Care Act (ACA) and I-9 compliance to ensure employee eligibility verification. But in addition to these compliance-oriented demands, business owners are also considering less tangible needs like positive employee engagement and recruitment of top employees, and they are finding that PEOs can help answer these needs as well.

Meeting tax and regulatory compliance requirements grows more complex every year. The time and resources that must be devoted to these tasks can hold back small business growth by diverting attention from core business processes. Many businesses outsource non-revenue producing compliance tasks to PEOs. The cost of doing so is, in many cases, considerably less than either hiring full-time HR staff or trying to distribute HR tasks to employees who may or may not be prepared for the level of dedication required to accomplish them. The New Year is a prime opportunity for establishing a solid PEO relationship as a basis for meeting business goals.

"Businesses that handle necessary HR tasks in-house have to be prepared to face the sometimes-considerable risks that accompany taking care of payroll, taxes, ACA compliance, and workers' compensation, for example," says Jeff Hecht, President of SourceOne Partners. With regulations constantly in flux, compliance can be an enormous challenge, particularly for the business owner or executive who may not have the training or experience necessary to understand the challenges involved in carrying out vital HR functions.

PEOs are uniquely poised to team up with small businesses to provide critical HR functions, but the benefits can extend even further. Says Hecht, "Many business owners don't realize that PEOs can help them offer better benefits packages to their employees, including better healthcare coverage options. PEOs are also able to ensure ACA compliance, relieving another serious burden for many small business owners." In a PEO partnership, the PEO becomes the "Employer of Record" while the client business is the "Worksite Employer." PEO clients lose no control over day-to-day operations and important functions like staff selection, while gaining the security that comes from knowing regulatory requirement compliance is taken care of.

SourceOne Partners, with offices in New Jersey and Florida, is qualified to work with small businesses in all 50 states, helping them understand and evaluate their PEO options, with cost-benefit analyses and consulting on the important decision of which PEO to work with. Shopping both the PEO and traditional services market, SourceOne Partners works with experts in health insurance / ACA, workers' compensation, retirement plans, worksite benefits, and payroll, developing custom plans to meet unique client needs.

About SourceOne Partners

SourceOne Partners is a leading provider of PEO and payroll services in South Florida, New Jersey, New York, and Pennsylvania. The services SourceOne Partners provides help companies reduce HR costs, minimize employer risk and liability, and relieve the administrative burdens of HR and payroll.

SourceOne Partners
Florida Location
2255 Glades Road
Suite 324
Boca Raton, FL 33431
T: 561.674.0748
F: 561.381.9143

New Jersey Location
990 Cedarbridge Ave #7
Brick, NJ 08723‎
T: 561-381-9306
info(at)sourceonepartners(dot)com
http://www.sourceonepartners.com/ Reported by PRWeb 3 hours ago.

HIPAA & GINA 101 Webinar: Hundreds of Lawsuits Settled - How Employers Can Prepare

$
0
0
In this HRCI pre-approved* Crawford Advisors Webinar attendees will learn about critical HIPAA and GINA compliance nuances.

Hunt Valley, MD (PRWEB) January 13, 2015

Join Crawford Advisors General Counsel and Vice President of Compliance for this complimentary HRCI pre-approved webinar*. Attorney Haynes will review critical compliance nuances of the Health Insurance Portability and Accountability Act (HIPAA) and the Genetic Information Nondiscrimination Act (GINA). Hundreds of lawsuits have already been settled by employers due to procedural and compliance related issues. Attorney Haynes will review key regulations, limits, exclusions, penalties, misuses, disclosures, laws and best practices to help attendees and their employers ensure compliance and avoid lawsuits. Topics include:· HIPAA Privacy, Transaction and Security Compliance
· Certificates, Special Enrollment Rights, Administrative Simplification
· Security Rule Transaction Standards, Code Sets, e-PHI
· GINA/Title II Regulations, EEOC
· HIPAA/HITECH Act Omnibus Final Rule
· Best practices to ensure compliance, promote education, limit exposure

Wednesday, January 28 at 12:00 PM - 1:00 PM EDT

Space is limited - use this link to register

Open to all HR professionals - but not brokers, agents, TPAs, consultants

· This webinar has been approved for 1 HR General recertification credit hour toward PHR, SPHR and GPHR recertification through the HR Certification Institute. The use of this seal is not an endorsement by the HR Certification Institute of the quality of the program. It means that this program has met the HR Certification Institute's criteria to be pre-approved for recertification credit. HRCI is the world’s largest, independent, accredited HR certification organization. More than 135,000 HR professionals in 100 countries hold HRCI credentials and recertify every three years. HRCI certificants are leaders and professionals at 98 percent of Fortune 500 firms.

About Crawford Advisors

Crawford Advisors, LLC is a nationally recognized employee benefits consulting, brokerage and administration firm specializing in the design and implementation of employee health and welfare benefit plans. Assisting its top‐tier clients to drive a greater return on investment, Crawford’s full-service approach delivers consulting and administrative solutions that eliminate paperwork, manage compliance risk, increase recruiting power and reduce health care costs. For more information, visit http://www.crawfordadvisors.com. Reported by PRWeb 3 hours ago.

Tax Time Gets New Ritual: Proof Of Health Insurance

$
0
0
The health law requires people to report their coverage status at tax time. Those without insurance or those who received subsidies will have to fill out new forms. Reported by NPR 20 hours ago.

New Tax Forms to Fill out on Health Insurance Coverage

$
0
0
New box to check, tax forms to complete on health insurance, Affordable Care Act Reported by ABCNews.com 20 hours ago.

United States: ACA Enrollment As Of Year-End - McGuireWoods LLP

$
0
0
HHS reported that 6.5 million consumers have obtained health insurance coverage from HealthCare.gov, bringing the total number of enrollees in federal and state exchanges to over 7 million. Reported by Mondaq 20 hours ago.

Hospital Bed Manufacturing in the US Industry Market Research Report from IBISWorld Has Been Updated

$
0
0
The Hospital Bed Manufacturing industry has exhibited resilient growth, driven by the advent of new technologies. For these reasons, industry research firm IBISWorld has updated a report on the Hospital Bed Manufacturing industry in its growing industry report collection.

New York, NY (PRWEB) January 13, 2015

The Hospital Bed Manufacturing industry has exhibited resilient growth, driven by the advent of new technologies. In particular, new technologies have enabled hospital beds to include additional features, such as data that allows healthcare providers to monitor a patient's heart rate, dietary restrictions and potential response to treatments. Additionally, as many hospitals have grappled with patient overcrowding, this trend has further exacerbated the proliferation of computer-based decision support. For instance, some healthcare providers have used radio frequency identification tag (RFID) technology to match patients with available hospital beds, thus providing a boon for the industry. As a result of this technology, hospitals have been better equipped to manage hospital beds, which has made some hospitals wary of additional beds needed.

However, not all trends have positively impacted the industry. For example, healthcare reform, which has facilitated hospitals' shift from a fee-for-service to a patient outcome-driven approach, has spurred hospital consolidation. According to the latest data from the American Hospital Association, the number of registered community hospitals has declined from 5,008 in 2009 to 4,999 in 2012. According to IBISWorld Industry Analyst Sarah Turk, “This trend, coupled with more hospitals using group purchasing organizations (GPOs), which have increasingly used their large size as leverage to secure low-cost purchases for hospitals, has intensified price-based competition.” All in all, the slight decline in the number of hospital beds per capita in the US, according to data from the Organisation for Economic Co-operation and Development, has posed as a significant hurdle for the industry. Nevertheless, at-home care, which may cause patients to require hospital beds for at-home use, has stimulated industry revenue. Over the five years to 2015, industry revenue is expected to grow slightly. Profit is anticipated to slightly rise as well, driven by the proliferation of high-tech hospital beds that garner higher prices.

The Hospital Bed Manufacturing industry is characterized by a high level of market share concentration. In 2015, the top four companies are expected to make up a very large portion of industry revenue. Overall, the industry is moving toward being a duopoly, due to industry revenue being largely generated by two major companies, Hill-Rom and Stryker. As group purchasing organizations (GPOs) have increasingly negotiated low-cost hospital beds for hospitals, this trend has further exacerbated the industry's consolidation.

As many hospital bed manufacturers have either exited the industry altogether, or have focused on a specific product (e.g. bariatric hospital beds), this trend has enabled some large industry operators to command a significant share of industry revenue. “Over the next five years, the industry is expected to remain highly concentrated, as large industry operators continue to secure favorable contracts with downstream markets, namely hospitals, and invest in product innovation,” says Turk.

In the five years to 2020, industry revenue is forecast to grow marginally. The industry will likely benefit from robust demand for bariatric hospital beds, coupled with many health insurance providers inciting patients to use at-home hospital beds to help lower the rate of hospitalization.

For more information, visit IBISWorld’s Hospital Bed Manufacturing in the US industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

This industry manufactures beds and other specialized furniture for use in hospital or clinical settings.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772. Reported by PRWeb 20 hours ago.

New tax forms to fill out on health insurance coverage

$
0
0
Be prepared for the tax man to get even more personal this year — with questions about your health insurance. Reported by Deseret News 19 hours ago.

Health insurance giant Aetna to boost minimum wage to $16

$
0
0
Aetna Inc., the nation's third-largest health insurer, said it would increase its minimum wage to $16 an hour in April. Reported by L.A. Times 18 hours ago.

States Gear Up To Help Medicaid Enrollees Beat Addictions

$
0
0
This piece comes to us courtesy of Stateline. Stateline is a nonpartisan, nonprofit news service of the Pew Charitable Trusts that provides daily reporting and analysis on trends in state policy.
Under the Affordable Care Act, millions of low-income adults last year became eligible for Medicaid and subsidized health insurance for the first time. Now states face a huge challenge: how to deal with an onslaught of able-bodied, 18- to 64-year olds who haven’t seen a doctor in years.

“It took a lot of time and effort to enroll everyone, particularly those who were new to the system,” said Matt Salo, director of the National Association of Medicaid Directors. “The next big step, and the biggest unknown, is finding out exactly how this newly insured population will use the health care system.”

Until now, the vast majority of Medicaid beneficiaries were pregnant women, young children, and disabled and elderly adults. Relatively few able-bodied adults without children qualified, so states did not set up their Medicaid programs to treat them.

The newly insured, most of them young adults, have different needs. Though not as sick as existing Medicaid beneficiaries, the newcomers are more likely to have undiagnosed and untreated chronic illnesses such as diabetes and heart disease than the general population.

The starkest difference between the new population and the old one, however, is that the new enrollees have much higher rates of drug and alcohol addiction and mental illness.  

Of the estimated 18 million adults potentially eligible for Medicaid in all 50 states, at least 2.5 million have substance use disorders. Of the 19 million uninsured adults with slightly higher incomes who are eligible for subsidized exchange insurance, an estimated 2.8 million struggle with substance abuse, according to the most recent national survey by the U.S. Substance Abuse and Mental Health Services Administration.

In addition to increasing the number of people with health insurance, the ACA for the first time made coverage of addiction services and other behavioral health disorders mandatory for all insurers, including Medicaid. As a result, the number of Medicaid enrollees receiving addiction services is expected to skyrocket over the next two years. 

Although Medicaid and other state and federal programs historically have provided care for people with serious mental illness, coverage of addiction treatments has been spotty. Optional under Medicaid until now, coverage in most states was limited, typically just for pregnant women and adolescents.

“It’s the biggest change in a generation for addiction services,” said Robert Morrison, executive director of the National Association of State Alcohol and Drug Abuse Directors. “Comprehensive addiction programs didn’t exist in Medicaid until now.”
Big Demand, Short Supply

Behavioral health professionals typically earn far less than other health care providers, in part because few insurers have been willing to pay for their services. Many who enter the profession quickly abandon addiction treatment for more lucrative specialties. The result: a national shortage of addiction treatment providers.

Now, as billions of insurance dollars from Medicaid and all other insurers are becoming available, behavioral health experts say it will take time, training and new state licensing policies to expand the pool of providers to meet the new demand. 

“Providers are now having to run to be ready to bill Medicaid and insurance companies, negotiate contracts with managed care companies and understand what this new market looks like,” said Becky Vaughn, vice president for addictions at the National Council for Behavioral Health. “Medicaid directors are also hustling to catch up,” she said. 

For more than two decades, the U.S. Department of Health and Human Services has handed out grants to states to pay for addiction services. Walk-in clinics and residential facilities treated indigents and people in the criminal justice system, as well as uninsured people who paid out-of-pocket on a sliding income scale. Insurance was rarely billed. “Now, venture capitalists are starting to say there’s money to be made,” Vaughn said.

The first step for states is to create ACA compliant addiction benefit packages and fee structures to compensate the mostly small businesses that currently offer detox and rehabilitation services. Longer term, states are expected to loosen current behavioral health licensing requirements and offer professional and business training to promote an expansion of the workforce.
A Growing Population

So far, 8 million people have signed up for exchange insurance policies and 7.2 million have enrolled in Medicaid since last year, according to the most recent data from the U.S. Department of Health and Human Services. Because Medicaid enrollment is continuous, those numbers are expected to rise substantially this year and next. 

Under the ACA, states have the option of expanding Medicaid to adults with incomes up to 138 percent of the federal poverty level ($11,670 for an individual).  The federal government will pay the entire bill for 2014 through 2016, and then it will pay a declining share over the following three years, and 90 percent thereafter. So far, only 27 states have taken up the option, but several GOP-led states are now considering it, potentially adding millions more adults to the Medicaid rolls this year.

Fourteen percent of the low-income adults who are newly eligible for Medicaid under the ACA have drug and alcohol addictions, compared to 10 percent in the general population. Because the new Medicaid population is dominated by young, single men—a group at much higher risk for drug and alcohol abuse—Medicaid enrollees needing treatment could more than double, from 1.5 million prior to the 2014 Medicaid expansion to about 4 million in the next five years.

Without treatment, their overall health care costs will be considerably higher. Compared to people without addictions, alcohol and drug abusers have poorer overall health. Their families often have poorer health as well. 

Because of this, most Medicaid agencies want to find and treat newly eligible adults with substance use disorders as quickly as possible. The hope is that they will turn their lives around and move up the income scale and out of Medicaid altogether, said Salo of the Medicaid directors association.  Medicaid officials also want to make sure people with addictions see a primary care doctor before their physical health worsens.

It’s not clear what portion of the adults who signed up for expanded Medicaid coverage last year have addiction disorders. In general, people with serious addiction disorders are not the first to sign up and maintain insurance coverage.  Even less clear is when and whether they will seek help. 

Low Treatment Rate

In 2012, about 22 million Americans were classified with a substance use disorder. Of those, 2.8 million had problems with both alcohol and drugs, 4.5 million had problems with drugs but not alcohol, and 14.9 million had problems with alcohol only. Only 2.5 million received help, according to the most recent National Survey on Drug Use and Health.

People with drug and alcohol problems are prone to deny that their substance use is a problem, and most tend to neglect their health even when they have insurance. The majority do not seek addiction treatment until they end up in crisis. When they or their families decide treatment is needed, it is often difficult to find a facility nearby that can take them.

“Up until now we have only had penetration rates of about 10 to 15 percent of the people who need services,” Vaughn said. “No other chronic disease would have that kind of low (treatment) rate.”

In the coming months, states and the federal government will begin releasing data, based on actual Medicaid claims, showing how many newly eligible Medicaid enrollees are using their new health cards, and for what.  So far, there is only anecdotal evidence and limited state data.

In California, for example, 10,568 newly enrolled beneficiaries had signed up for addiction services by May, an increase of more than 30 percent under the state Medicaid program. The number of adults in Washington state’s Medicaid treatment facilities doubled in the first six months of the year. Vermont Medicaid officials also said they saw a substantial increase in the number of Medicaid enrollees seeking treatment.

Colorado’s director of health policy and planning, Susan Birch, said Medicaid officials there feared the worst but were “delighted” to find the 290,000 newly enrolled adults were healthier than expected. “We budgeted as if they would be in more of a dire, acute stage,” she said. “People aren’t coming in as sick as we thought and they’re not staying as long in our (Medicaid) system,” Birch said.

Part of the reason some Medicaid agencies are initially seeing milder cases of addiction is that many of the heaviest and most prolonged drug and alcohol users in Colorado and elsewhere have already ended up in jails, prisons and emergency rooms, or entered the state health care system as indigents. 

In addition, many states have covered a limited number of addicted adults under special state-funded programs aimed at helping their poorest residents with severe mental illness and addictions. As a result, the number of new Medicaid enrollees with severe addiction cases, those that already have caused serious health problems, could be relatively low.

But states are no longer willing to wait for people to walk into a local clinic and ask for help. Instead, many state Medicaid agencies are working with primary care physicians and hospitals to reach people with addictions before their physical and mental health crumbles and their work and family relationships fall apart.

“We’re talking about those that are pre-catastrophic cases,” Birch said. “We hope we can keep people from getting worse before they get into the organ transplant and suicide realm,” she said. Colorado has launched a statewide collaboration program between primary care doctors and behavioral health specialists to ensure that happens.

A Huge Payoff 

Much of the current emphasis on addiction services stems from medical research showing that individuals with untreated drug and alcohol disorders are among the heaviest users of the health care system, contributing to a substantial share of rising Medicaid, Medicare and private health care spending. Mounting evidence also shows physical health care costs decline dramatically when people with substance addictions get treatment. The longer they maintain sobriety, the lower their medical bills are.

“All of a sudden there’s a great deal of interest in people who are ‘high utilizers’ of emergency rooms and who don’t have any connection to health care,” said Art Schut, CEO of Arapahoe House, Colorado’s largest provider of drug and alcohol addiction services. “Many of the people we used to deal with didn’t have a primary care physician, and we couldn’t get them one,” he said.

A major goal for nearly all states is to find ways to better integrate physical and behavioral health, including addiction treatments. Now that addiction treatment is an integral part of Medicaid’s overall health plan, Schutt says he expects health outcomes to improve and costs to go down.

“We’re at the point where we’re actually treating substance use illness the way we treat other illnesses. There’s a realization in the commercial and public marketplace that health outcomes are important and that SUD (substance use disorder) treatment contributes significantly to overall health. It’s transformational for health care, not just substance use,” he said.

In Washington state, for example, the health agency invested in a drug and alcohol treatment program in 2005 and found that for every dollar spent, the state saved $2 in medical and nursing facility costs in the first four years.  

“It’s hard for Medicaid directors watching mounting claims for addiction medications and treatments to take into account the expenses they’re not seeing,” said Morrison, director of the state alcohol and drug abuse group. But he said nearly every state agency is on board with the concept that addiction treatments, including medications, do result in substantial overall health care savings.

Colorado’s Schut says most providers already are trying to integrate physical and behavioral health, but until Medicaid agencies develop better financing options, their efforts will be hard to maintain. “The ACA opportunities are a dream come true,” he said, “but we’re not quite there yet.” Reported by Huffington Post 18 hours ago.
Viewing all 22794 articles
Browse latest View live