Live Insurance News

Private health insurance customers get 70% Eli Lilly insulin drug discount

March 7, 2023March 6, 2023 H. Cutner

Private health insurance - Money - medical

The drugmaker will cap the monthly cost of the medication at $35 per month for those policyholders. Pharmaceutical company Eli Lilly & Co. has announced that it will reduce the price tag on its most commonly prescribed insulin products for private health insurance customers. This discount is by 70 percent, with a cap at $35 per month at certain retail pharmacies. The price of the Lispro injection will be discounted to $25 per vial, starting on May 1, 2023. Lilly also announced that it would be reducing the price of…

California considers private health insurance for immigrants

March 2, 2023March 1, 2023 Nordstrom

Health insurance - Immigration - United States

The state has yet to determine if such a strategy can be achieved affordably for the demographic. Though many Californians whose income is too high to be eligible for Medi-Cal can receive subsidized health insurance through Covered California, an estimated 460,000 residents without legal status can’t purchase coverage through the Affordable Care Act’s state-run plans. Some lawmakers are seeking to create a bill to help close that gap for those uninsured Californians. “We’re going to need to figure out how to provide universal coverage for all who call this state…

Oregon is looking into a universal health care plan

February 24, 2023February 22, 2023 Julie Campbell

Universal health care - Welcome to Oregon Sign

The state is considering the creation of a nine-member board that would be responsible for its development. In Oregon, a panel of lawmakers recently received two days of public testimony at its Capitol in Salem regarding a proposed nine-member governance board that would be responsible for developing a universal health care plan to provide coverage for everyone in the state. The governance board under Senate Bill 704 would develop a single-payer system for the coverage. Under Senate Bill 704, the nine-member board would be responsible for the creation of a…

The Serious Illness Insurance Market Will Reportedly Hit $354 Billion By 2031!

February 17, 2023 Guest Author

On a global scale, the serious or critical insurance market is reported to remain on a rise! Advancements in science and medicine makes it easier than ever for consumers to consider the possibility of having to live with cancer, heart disease or kidney failure during their lifetimes. By understanding more about common diseases, it appears that consumers are also wanting more insurance coverage to adequately address potential future medical emergencies. Allied Market Research was able to release their 2021 findings that clearly stated that the serious illness insurance market generated…

Millions of Americans could lose Medicaid health insurance as pandemic eases

February 16, 2023February 14, 2023 Nordstrom

As uninsured figures reach record lows, the expiration of pandemic policies is now looming. Health insurance experts are wondering if the massive gains in reducing the number of uninsured people there are living in the country will be lost as pandemic policies start coming to an end. The uninsured rate has dipped to yet a new low, having reached approximately 8 percent of the population. Some of that considerable achievement is the result of the policies put into place as a result of the pandemic. The government launched a range…

Texas has more new health insurance plan enrollments than any other state

February 9, 2023February 7, 2023 Nordstrom

This year, the state has added 570,000 new enrollments to its Affordable Health Care Plans. Texas now leads all states across the US in people newly covered by health insurance, after having added 570,000 people to its Affordable Health Care Plans. The state made a number of important changes to boost the appeal and affordability of coverage. To help overcome its uninsured problem and bring in almost 570,000 new enrollments for 2023, Texas boosted its subsidy, implemented a new state rate law, and repaired the “family glitch”. The outcome has…

US government intends to take $4.7 billion from health insurance companies

February 6, 2023February 3, 2023 Marc

Insurance companies - paying back - American Flag

A new Medicare regulation will aggressively audit Advantage plans for indications of overbilling. The Biden administration has announced a new rule designed to crack down in Medicare private plans that have allowed insurance companies to overcharge the US government. The regulation is seeking a more aggressive approach to auditing the Medicare Advantage program’s plans. The Medicare Advantage program enrolls almost 50 percent of all the beneficiaries of Medicare. According to the Biden administration, it is expecting to recoup as much as $4.7 billion from insurance companies that have overcharged the…