Health insurance deal may have an impact on mental health care

mental health insurance

American Psychiatric Association raises concerns about Anthem deal The American Psychiatric Association has warned government regulators that proposed health insurance mergers could have a major, negative impact on the availability of mental health care services. Anthem Inc. is looking to acquire Cigna Corp. through a $47 billion deal. The deal would make Anthem the largest health insurance provider in the United States, but the company also has plans to acquire Humana Inc., which would also make it the largest provider of Medicare plans in the country. Organizations warn regulators of…

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Mergers among health insurance companies could drive rates skyward

health insurance companies profits

The American Medical Association has said that the reduction in competition will raise rates. The American Medical Association (AMA) has recently released the results of a study that claims that most health plan markets in the United States are currently led by a small number of insurance companies that may become even fewer with the current trend of mergers and acquisitions. The organization representing doctors and hospitals is criticizing the impact of this market shrinking. The reason is that they feel that if the current intentions of insurance companies to…

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Health insurance market in Texas may not be competitive

Texas Health Insurance Program

Study highlights lack of competition within the Texas insurance market The American Medical Association has released a new study that suggests the insurance market in Texas is becoming less competitive. According to the study, Blue Cross Blue Shield of Texas is the dominant insurance provider in all but one of the state’s metropolitan areas. UnitedHealth Group is also a major player in the health insurance market. Together, these two companies account for 63% of the state’s commercial health insurance market, up from 57% in 2010. Blue Cross dominates many of…

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Health insurance competition low in South Carolina

South Carolina Health Insurance

South Carolina health insurance market lacks competition A new report from the American Medical Association suggests that South Carolina may have one of the least competitive health insurance marketplaces in the U.S. The state falls behind Alabama, Hawaii, Michigan, Delaware, and Alaska in terms of a lack of competition in its insurance market. Despite the existence of the state’s health insurance exchange, competition among insurers remains low, limiting the options that state residents have regarding the coverage they have access to. Blue Cross Blue Shield boasts of majority of the…

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Health insurance industry shows improved claims processing capabilities

Health Care Reform

Report targets the health insurance industry The American Medical Association (AMA) has released its fifth annual National Health Insurer Report Card. The report aims to rank the country’s health insurance companies based on their ability to serve customers and provides ratings based on issues such as transparency and business practices. According to this year’s report, the health insurance industry has made radical improvements to its operations. The report details these improvements and how they may be affecting consumers and highlights an issue that has garnered a great deal of interest…

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American Medical Association suggests physicians and consumers play a governing role in state-run health insurance exchanges

As states continue to show indecision regarding the establishment of health insurance exchanges, the American Medical Association has decided to enter the fray. The association, comprised of medical professionals throughout the U.S., has issued a number of recommendations to the Department of Health and Human Services. The AMA has suggested a number of rules that would serve as protection for patients and physicians participating in the exchanges. The AMA has also stated that physicians and patients should have a governing role in a state’s health insurance exchange program. Though the…

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American Medical Association seeks open market-style health insurance exchanges

The American Medical Association has started to apply pressure to the states in order to send the system in a direction that would permit all health insurance companies of meeting the minimum standards to take part in the insurance exchanges that will be created by 2014 as a part of the healthcare overhaul. This significant doctors organization has announced that it will be putting its full support behind the health insurance exchange structure that allows for an open marketplace instead of the “active purchaser” style alternative. That latter technique would…

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Michigan is home to the nation’s fourth worst insurance market, according to report

A recently released report from the American Medical Association casts some doubt on the insurance market in Michigan. The report shows that the state has the fourth least-competitive health insurance market in the U.S. The findings are the result of rigorous studies done throughout the country to find how many companies are actually participating in the various markets. The lackluster status of Michigan’s market may be due to the fact that Blue Cross Blue Shield encompasses the majority of the market. According to the report, the large insurance corporation controls…

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American Medical Association gives the health insurance industry a poor grade in new report

The American Medical Association has announced disturbing finding regarding the nation’s health insurance companies. The AMA has released their latest National Health Insurer Report Card, which is a report that informs both the public and the health care industry about the accuracy insurance claims processing. Last year, the report found that nearly one in five of claims received by insurers had been processed incorrectly. The AMA had hoped that their report would spur health insurer to make changes to how they process claims. The latest report, however, shows that little…

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Big Insurer, Big Information!

Later this year, heavyweight insurer Blue Cross and Blue Shield Association will transform their healthcare data analysis service into its own business. Founded only 4 years ago, Blue Health Intelligence reviews millions of claims and details how healthcare is being put to use by policyholders. Claiming its database surpasses that of the government, Blue Health Intelligence uses its analysis to determine trends and offer insights to quality of coverage – a service that is quite cost effective. Current trends in the industry, spurred by looming legislative reform, are suggesting that…

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