Health insurance companies can’t use AI for Medicare

Health insurance - Medicare and AI

Newly released federal guidelines say that artificial intelligence can’t make all the choices. The Centers for Medicare and Medicaid Services (CMS) have released new guidance for health insurance companies to protect Medicare Advantage (MA) against bias from artificial intelligence (AI). The CMS is the federal agency overseeing Medicaid, Medicare and other programs CMS oversees the Children’s Health Insurance Program (CHIP), the Health Insurance Marketplace, Medicare and Medicaid. It recently issued a policy memo to insurers in which it banned them from using algorithmic systems or AI exclusively to decide on…

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Health insurance plan enrollment has shifted due to the pandemic

Health insurance plan enrollment - pandemic - American flag on face mask

As is the case with everything else, signing up for coverage has been impacted by COVID-19. As has been the trend with virtually everything in 2020, health insurance plan enrollment has been impacted by the presence of the pandemic. The coverage and benefits have altered due to the impact of the pandemic on health care. As insurers, employers, and even Medicare have seen the needs of policyholders change throughout the pandemic, they have made changes to coverage in an effort to better respond COVID-19. Consumers are also taking a closer…

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Alabama Children’s Health Insurance Plan will Start Removing Kids on January 1

CHIP alamaba children's health insurance plan

Low income families across the state are facing a rough start to the year as 7,000 kids will lose their coverage. The Alabama Children’s Health Insurance Plan (CHIP) is beginning their first stages toward shutting down coverage for all kids it covers in the state. The first phase will involve cutting 7,000 children from low income families starting on January 1, 2018. State officials say CHIP is running out of funds following Congress’s failure to renew in time. The kids whose Alabama Children’s Health Insurance Plan, also known as All…

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Texas Children’s Health Insurance Program to receive $135 Million

CHIP Texas children's health insurance program

The federal Centers for Medicare and Medicaid Services is sending funds to the state to keep the program alive. The Texas Children’s Health Insurance Program was rapidly running out of funds as federal Congress has yet to renew CHIP’s funding. That said, the Texas Health and Services Commission wrote to Governor Greg Abbott to inform him that the federal Centers for Medicare and Medicaid Services will be providing the state with $135 million to sustain the program until the end of February. In Texas, CHIP provides over 450,000 uninsured kids…

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Young consumers weigh the cost of health insurance and federal penalties

health insurance for young adults

Young adults are not convinced that insurance coverage is a viable financial option Young adults in the United States have faced a difficult decision during the latest open enrollment period. As open enrollment comes to an end, young and health consumers have had to decide whether or not to purchase health insurance coverage or face a federal fine and which of the two may end up being more expensive. Notably, the fine for those without insurance has gone up in 2016, which may have influenced many young people’s decision to…

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