NEW YORK, December 5, 2011 – A vast majority of New York State’s small business owners are giving two thumbs up to health insurance exchanges as a viable way to provide health insurance to their employees, according to a statewide survey commissioned by HealthPass New York, a NYC-based commercial health insurance exchange. The survey also found that exchanges have the potential to change the health care marketplace in New York at a time when many small business owners are struggling to keep afloat. HealthPass New York commissioned Hudson TG to…
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Massachusetts health insurer posts earnings, shows marked increase in profits and narrowing of losses
Despite a tumultuous year, Blue Cross Blue Shield of Massachusetts is reporting high earnings in the second quarter. Thus far, 2011 has proven to be relentless in the number of natural disasters occurring throughout the U.S. While speculations regarding the losses faced by insurance companies have been somewhat grave, the fact of the matter is that many insurers are earning more than they did before the disasters. There can be no doubt that these insurers, most of whom operate in the property market, have, indeed, suffered losses, but their ability…
Read MoreNew insurance mandates in Connecticut incite criticism from the business community
Connecticut lawmakers have introduced a bevy of new health insurance mandates that may drive up the cost of insurance in the state. These sorts of mandates have been popular amongst legislators in recent years. Most of these provisions are confronted with a tide of opposition from the state’s business community who say that increased costs will reach excessive levels and stop employers from providing health benefits. Lawmakers, however, are sure that the benefits of the mandates serve the greater good. Among the mandates in a provision to expand the coverage…
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