Mayo Clinic insurance partnership forms with Medica to create new company

InsuranceBee and Hiscox launch insurance agent partner program

The two industry giants have joined forces to offer health plans on a national scale. A new Mayo Clinic insurance venture has been announced alongside a partnership with Medica. Medica, the health insurance company based in Minnetonka, Minnesota, will come together with the health care giant to be able to sell plans throughout the United States. The two companies will work together to bring health plans to consumers across the nation. The new Mayo Clinic insurance venture with Medica will provide national plans. Policyholders will be able to access care…

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Nearly 9 out of 10 US consumers blame surprise healthcare costs on insurance companies

Surprise health costs - American Money

Recent survey results show 86 percent of consumers blame their insurers for unexpected bills. Most insurance beneficiaries place the blame of surprise healthcare costs directly on their insurance companies. This, according to the findings in a newly published consumer survey. The report suggested that health insurance companies need to boost their education and communication. As 86 percent of consumers feel that surprise healthcare costs are their insurance company’s fault, there survey results show a disconnect between policyholders and their insurers. The survey was conducted by NORC at the University of…

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70 Percent of US health care companies don’t have cybersecurity insurance coverage

cybersecurity insurance - cyber security - screen - lock

Though the percentage of covered firms is rising, the vast majority are not protected from cyber attacks. A tremendous 70 percent of health care companies in the United States don’t have cybersecurity insurance. This was among the results reported by FICO in a recent study commissioned by the analytics firm. Health care is among those that could be most affected by a cyber attack such as a data breach. The FICO report showed that 7 out of every 10 firms in the American health care industry are not protected by…

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A new Amazon health insurance comparison site is in the works

Amazon health insurance - Woman Holding Iphone 6 Space Gray With Service Amazon

The online retail giant is in discussions with European insurers for a U.K. price comparison website. Amazon.com Inc. has entered into discussions with E.U. insurers in the hopes of forming an Amazon health insurance price comparison site for the United Kingdom. This new site is in its earliest planning stages and official details have yet to be released. A Reuters and Fortune report pointed to an Amazon health insurance price comparison website for consumers in the U.K. That said, neither stated whether or not there are any intentions to actually…

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Health plan premiums are stabilizing, regardless of Republican efforts to the contrary

Health Plan Premiums - Health - Family - Business

Despite the best efforts by the GOP to kick the pins out from under the ACA, prices are evening out. Even as Republicans work to undermine the Affordable Care Act, better known as Obamacare, health plan premiums are stabilizing. Insurance premiums have been rising, but they will be increasing only slightly in the majority of states that have already submitted their 2019 price proposals. Moreover, unlike last year, there are insurance companies stepping into the markets, not out of them. The improvements are the result of reduced political certainty regarding…

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