If you’ve been wondering where all your health insurance premiums have been going, UnitedHealth Group just posted its third quarter numbers, and the news is a very healthy jump of 23% in its quarterly profits. The health insurance giant is the first major health insurer to post its third quarter profits, and is often an . . . → Read More: UnitedHealth Posts 23% Jump in Third Quarter Profits
Good news for Michigan consumers who have bought their own health insurance. The Department of Health and Human Services ruled that Michigan health insurers will have to comply with the new federal law that requires them to spend 80 cents of every health insurance premium dollar on direct patient care. Health insurers who haven’t been . . . → Read More: Michigan Consumers Could Get $89 Million Back From Health Insurers
Could it actually be some Christmas cheer on the horizon in Florida? Maybe, after the Department of Health and Human Services ruled that Florida health insurers will have to comply with the new federal law that requires them to spend 80 cents of every health insurance premium dollar on direct patient care. Health insurers who . . . → Read More: Christmas Comes Early? Health Insurers Could Be Returning Money to Floridians
It’s a small bright spot in a gloomy healthcare picture, but major insurers around the country are reporting an increase in the number of small businesses which are signing up to provide health insurance benefits for their employees. With more than 50 million Americans going without health insurance, small business employees are one area that . . . → Read More: Major Health Insurers Reporting Increase in Health Insurance for Small Business Employees
Major health insurers may be kicking and screaming, but they will be returning to sell child-only health insurance on the California health insurance market come January 1st. Under a new California state insurance rule, health insurers who abandon the child-only health insurance market will be barred from selling health insurance policies in the greater health . . . → Read More: Child-Only Health Insurance Policies Return to California on January 1
At this point, it may be more of a surprise to hear that a California hasn’t been fined for some misdeed, and this week is no exception. The California Insurance Commission has fined the state’s seven largest health insurers nearly $5 million for failing to properly pay medical claims from doctors and hospitals:
California’s seven . . . → Read More: California Fines 7 Largest Health Insurers for Failure to Pay Claims; Is It a Slap on the Wrist?
Does paying $2 for your prescription drugs sound good to you? It certainly does to us, and UnitedHealth has taken a step to making it a reality for some senior citizens. UnitedHealth has announced that is launching a program to allow participants in its Medicare prescription-drug plans to buy generic prescription drugs for as low . . . → Read More: UnitedHealth Group Announces $2 Generic Prescription Drugs in Medicare Plans
I’m under 40. I don’t smoke. I rarely drink. I run 6 miles a day, teach dance several times a week and my diet is excellent. My health is generally very good, and much better than the average American’s.
I am also medically uninsurable because of a pre-existing condition, and based on a report from . . . → Read More: 1 in 7 Denied Health Insurance based on Pre-Existing Conditions
Just another quick update for those you who are about to age out of your parents’ health insurance policies or who may have children who are about to roll off your policy. In the wake of Wellpoint’s announcement that it would allow adult children to remain on their parents’ health insurance policies beginning on June . . . → Read More: Healthcare Reform: United Healthcare and Humana Join Wellpoint (Anthem Blue Cross) in Extending Health Insurance to Adult Children
I came across this interesting sidebar on the healthcare debate battles in The New York Times today. Health insurance giant UnitedHealthcare (which includes the Oxford health plans) has taken steps to institute a number of cost-saving measures recently, including a stiff 50% penalty if a hospital does not notify them within 24 hours of admittance.
. . . → Read More: Clash of the Healthcare Titans: UnitedHealthcare vs. Continuum Hospitals in New York