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Keyword: insurers

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  • In advance of tonight’s health care speech, Trump asks insurers to help achieve a smooth transition

    02/28/2017 11:25:29 AM PST · by Sean_Anthony · 5 replies
    Canada Free Press ^ | 02/28/17 | Dan Calabrese
    It's coming Tonight’s address to Congress will be the first of the Trump presidency, and it will be heavy on policy matters - especially as it relates to what’s coming next following the imminent repeal of ObamaCare. To help lay the groundwork for that, Trump met yesterday with many of the insurers who’ve been losing their shirts on ObamaCare exchanges and asked them to get on board and help ensure a smooth transition: Trump told the insurers that his changes would include expanded healthcare savings accounts, which are tax-free savings accounts typically used with high-deductible insurance plans, and the sale...
  • ObamaCare crashing: Insurers seek massive rate hikes . . . if they’re staying in at all

    08/11/2016 9:36:45 AM PDT · by Sean_Anthony · 41 replies
    Canada Free Press ^ | 08/11/16 | Dan Calabrese
    Gigantic losses put exchanges on the brink, send program careening into chaos Remember when everyone watching ObamaCare was focused on how many people had signed up? First they needed 7 million, then 11 million, and on it went as new targets replaced the old. These weren’t meaningless - at least it didn’t appear that way. The targets represented the critical mass the Obama Administration itself said the program needed to be economically sustainable. Insurance, they told us, is about risk pools. If you’ve got enough people in the risk pool, you’d have enough premiums being paid in to cover those...
  • Feds Hide Secret List Of 11 Staggering Obamacare Insurers

    10/19/2015 2:40:32 AM PDT · by markomalley · 8 replies
    Daily Caller ^ | 10/19/15 | Richard Pollock
    Federal officials have a secret list of 11 Obamacare health insurance co-ops they fear are on the verge of failure, but they refuse to disclose them to the public or to Congress, a Daily Caller News Foundation investigation has learned.Just in the last three weeks, five of the original 24 Obamacare co-ops announced plans to close, bringing the total of failures to nine barely two years after their launch with $2 billion in start-up capital from the taxpayers under the Affordable Care Act.All 24 received 15-year loans in varying amounts to offer health insurance to poor and low income customers...
  • Bill Clinton to Give Secret Address to Health Insurers "No press is allowed."

    06/03/2015 11:46:19 AM PDT · by Nachum · 24 replies
    The Weekly Standard ^ | 6/3/15 | MICHAEL WARREN
    Former president Bill Clinton will be the keynote speaker at a conference of health-insurance executives this week. America's Health Insurance Plans, the largest health-insurance provider trade group in the country, is holding its Institute 2015 conference in Nashville this week. Clinton, whose wife Hillary is running for president, will close out the conference Friday afternoon with his address to attendees. "The session is open to Institute attendees (who have registered and paid for the entire Institute) and Friday only registrants," says the conference's website. "No press allowed."
  • A Look At Direct Primary Care

    11/07/2014 8:41:41 AM PST · by Oldpuppymax · 7 replies
    Coach is Right ^ | 11/7/14 | Michael D. Shaw
    Let’s start with the doctor/patient relationship—the disappearance of which has been lamented by many. The pertinent definition of “relationship” in the Oxford Dictionaries deems it: “The way in which two or more people or organizations regard and behave toward each other.” In one sense, every patient wants to be treated well by his physician, and in many cases, so-called “continuity of care” is most desirable. Likewise, the physician may wish to spend more time with a particular patient, but is forced by economic realities to rush the process. Perhaps, some of this search for the ideal doctor/patient relationship is driven...
  • Former O-Care adviser: Health insurers will be ‘dead’ by 2025

    07/01/2014 5:15:41 PM PDT · by george76 · 23 replies
    Hill ^ | 07/01/14 | Jesse Byrnes
    A key former adviser behind President Obama's healthcare law said the traditional role of health insurers would be "dead" by 2025, predicting massive changes in the industry. "By 2025, insurance companies as we know them — taking in premiums and paying out — dead," Ezekiel Emanuel ... Emanuel, the older brother of former White House chief of staff and current Chicago Mayor Rahm Emanuel, has long argued that health insurers will shift away an employer-based system. By 2025.. ... Most Americans currently receive health insurance through their employers. ObamaCare includes an employer mandate, which requires companies with 50 or more...
  • Guess How Many Insurance Officials Raise Their Hands When Asked if Premiums Will Decrease By $2500..

    05/08/2014 12:09:18 PM PDT · by PoloSec · 3 replies
    Right Wing News ^ | May 82014 | Cassy Fiano
    Complete Title...Guess How Many Insurance Officials Raise Their Hands When Asked if Premiums Will Decrease By $2500 Like Obama Promised? We were given a lot of promises about Obamacare, from seeing premiums decrease to being able to keep our plans if we liked them — none of which, of course, ended up being true. And apparently, major insurance officials knew that premiums wouldn’t decrease, too. During a House hearing on Wednesday, Rep. Morgan Griffith (R-Va.) asked a group of seven insurance officials to raise their hands if they anticipated a premium reduction of $2,500 or more for the average American...
  • Insurers see double-digit Obamacare price rises in many states next year

    03/21/2014 7:27:16 PM PDT · by NormsRevenge · 18 replies
    Yahoo! News ^ | 3/21/14 | David Morgan and Caroline Humer - Reuters
    (Reuters) - U.S. consumers eligible for Obamacare health plans could see double-digit price hikes next year in states that fail to draw large numbers of enrollees for 2014, including some states that have been hostile to the healthcare law, according to insurance industry officials and analysts. The early estimates come as insurance companies set out to design plans they intend to sell in 2015 through the state-based health insurance marketplaces that are a centerpiece of the Affordable Care Act, President Barack Obama's signature domestic policy achievement that is widely referred to as Obamacare. WellPoint Inc, which sells plans on 14...
  • Steep market selloff continues weak 2014 for stocks, Dow tumbles over 300 points

    02/03/2014 1:54:13 PM PST · by SeekAndFind · 18 replies
    After a blistering four-month rally that took stocks to record highs last year, January could not have been more different, as the Dow Jones Industrial Average (^DJI) fell more than 5%. In the first month of the year, traders worried the financial health of both the U.S. and smaller nations meant stocks were too dangerous to continue owning for the time being, especially after a nearly uninterrupted rise that began in early 2009. Those jitters continued on the first trading day in February, driven by weakness in a manufacturing index from the Institute for Supply Management. By the close of...
  • Secretary Says Insurers Should Waive Premiums

    12/14/2013 7:49:33 AM PST · by John Semmens · 24 replies
    Semi-News/Semi-Satire ^ | 13 Dec 2013 | John Semmens
    While the Government continues to struggle with what seem to be insurmountable problems with the Affordable Care Act's implementation, Health and Human Services Secretary Kathleen Sebelius urged insurers to “cover whoever claims to have insurance.” “We fully understand that under normal conditions insurance isn't effective until the insured has paid a premium for coverage,” Sebelius said. “However, we aren't dealing with normal conditions. Many who have tried to sign up for insurance haven't been successful. For many of those who have been told they're signed up our system hasn't been able to properly bill them. Some have assumed that the...
  • No Payment System? No Problem

    12/05/2013 9:43:05 AM PST · by Oldpuppymax · 17 replies
    Coach is Right ^ | 12/5/13 | Michael D. Shaw
    One of the many huge issues with the infamous healthcare.gov website, that is only now getting the notoriety it deserves is this: There is currently no mechanism to get payments from the enrollees to the prospective insurance companies. But, hey…No prob, bro. The insurance companies can simply submit their estimates to the Feds, who will get them the money—all to be settled up later. Quoting from the article… Health plans will estimate how much they are owed, and submit that estimate to the government. Once the system is built, the government and insurers can reconcile the payments made with the...
  • Scapegoated insurers fire back at Obama over “administrative fix”

    11/14/2013 1:40:02 PM PST · by SeekAndFind · 44 replies
    Hotair ^ | 11/14/2013 | AllahPundit
    Don’t cry for these people, needless to say. They helped make ObamaCare happen. They were only too happy to see healthy young adults forced into buying their product by a constitutionally dubious mandate and to gouge healthy middle-class people with the new, more expensive plans required by the exchanges. They wouldn’t have partnered with the White House if this wasn’t a payday for them. But now they’re screwed twice over: Not only are Democrats trying to make them the fall guy for the cancellations, they’re looking at their payday melting down into red ink if they take Obama’s “advice” and...
  • 73,000 losing coverage as insurers drop plans (In Maryland)

    11/04/2013 6:31:47 PM PST · by icwhatudo · 58 replies
    Baltimore Sun ^ | 11/4/2013 | Meredith Cohn,
    About 73,000 policy holders around the state will lose their insurance in coming months because nine insurance companies are dropping some health plans that were not grandfathered under the Affordable Care Act, the Maryland Insurance Administration confirmed Monday.
  • Insurers reportedly receiving faulty data from ObamaCare exchanges

    10/18/2013 7:51:20 AM PDT · by sheikdetailfeather · 13 replies
    Fox News ^ | 10-17-2013 | Greta VanSusteren
    Insurers say faulty data from ObamaCare marketplaces is straining their ability to handle even the first wave of consumers who were able to sign up for health insurance using federally run exchanges during the glitch-ridden rollout of the new law. Executives at more than a dozen health insurance companies say they have received data from online marketplaces that is riddled with errors, including duplicate enrollments, missing data fields and spouses reported as children, The Wall Street Journal reported Thursday. "The longer this takes to resolve…the harder it will be to get people to [come back and] sign up," Aetna CEO...
  • HHS on Health Insurers' Costs: 'Expenses Like Profits and Red Tape'

    06/20/2013 4:38:31 PM PDT · by Nachum · 4 replies
    Weekly Standard ^ | 6/20/13 | JERYL BIER
    The Department of Health and Human Services (HHS) put out a press release today promoting the savings to consumers from Obamacare in 2012. The department claims that the average consumer receiving a refund will get about $100 as a result of rules on how insurers must spend premium dollars. The press release contains the following curious characterization of ineligible expenses health insurers might incur: Created through the Affordable Care Act, the rule requires insurers to spend at least 80 cents of every premium dollar on patient care and quality improvement. If they spend a higher amount on other expenses like...
  • Insurers predict 100%-400% Obamacare rate explosion

    05/13/2013 7:02:31 PM PDT · by Nachum · 40 replies
    Washington Examiner ^ | 5/13/13 | Paul Bedard
    Internal cost estimates from 17 of the nation´s largest insurance companies indicate that health insurance premiums will grow an average of 100 percent under Obamacare, and that some will soar more than 400 percent, crushing the administration´s goal of affordability. New regulations, policies, taxes, fees and mandates are the reason for the unexpected "rate shock," according to the House Energy and Commerce Committee, which released a report Monday based on internal documents provided by the insurance companies. The 17 companies include Aetna, Blue Cross Blue Shield and
  • Risk Management Advice to Physicians and their Insurers: Don’t Borrow Trouble

    01/17/2013 11:23:11 AM PST · by Stanwood_Dave · 8 replies
    2000 | Joe Horn
    Since retiring and leaving Law Enforcement, I have been active in Risk Management consulting, a field that has grown rapidly throughout every industry over the past 20 years. Some of the companies I have consulted to for risk management include IBM, Gates Lear jet, National Semiconductor, and Pinkerton International Protection Services.
  • Medical Practices and Health Insurers Must Use New Federally Mandated Medical Codes...

    02/07/2011 10:53:48 AM PST · by Nachum · 25 replies
    Cybercast News Service ^ | 2/7/11 | Susan Jones
    (CNSNews.com) - U.S. health care providers and health plans have two years left to adopt a new federally mandated system of medical coding--the shorthand used to list what's wrong with a patient and how much that patient should be charged. The new, vastly expanded coding system is intended to improve disease management, disease monitoring, and health care reimbursement. This will be the first major overhaul of the medical coding system in 30 years, and it is separate from the government’s push to have health care providers switch from paper records to electronic health records.
  • Big labor's ObamaCare escape hatch

    01/29/2011 2:50:09 AM PST · by Scanian · 22 replies
    NY Post ^ | January 28, 2011 | Michelle Malkin
    President Obama's storytellers re cently launched a White House blog series called "Voices of Health Reform," where "readers can meet average Americans already benefiting from the health reform law." I propose a new series: "Voices of Health Reform Waivers," where taxpayers can meet all the politically connected unions benefiting from exclusive get-out-of-ObamaCare passes -- after squandering millions of their workers' dues to lobby for the law from which they are now exempt. At the end of last year, the Department of Health and Human Services had granted some 222 temporary waivers to businesses small and large, insurers, labor and other...
  • New Rules Tell Insurers: Spend More on Care

    11/24/2010 1:29:21 PM PST · by ChicagoConservative27 · 30 replies
    WASHINGTON — The Obama administration issued new federal rules on Monday that will require many health insurance companies to spend more on medical care and allocate less to profits, executive compensation, marketing and overhead expenses. The rules, intended to benefit consumers, vastly expand federal authority to direct the use of premiums collected by companies like Aetna, Humana, UnitedHealth and WellPoint. While some states have had such requirements, Monday’s announcement is the first such mandate by the federal government and grows out of the new national health care law. “Millions of Americans will get better value for their health insurance premium...