Medical tourism industry suffers as health insurance companies stop paying some bills

Health insurance - Medical Tourism

Insurers have begun excluding certain procedures for patients out of the country. American health insurance companies have started placing a limit on the procedures they will cover for patients traveling to other countries to get them. Patients had been traveling to cities such as Tijuana to receive their medical procedures. According to the Tijuana Convention and Tourism Committee, medical tourism has plummeted as US health insurance companies have started limiting the procedures their policyholders are covered for outside the country. The new regulations implemented by the insurers are impacting both…

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Cigna insurance company ends its Humana acquisition intentions

Insurance Company - Acquisition Cancelled

The insurer is now developing a $10 billion share buyback plan after a failure to agree on a price. Health insurance company Cigna has ceased its pursuit of a negotiation for acquisition of its rival insurer Humana. The company left its efforts when the two insurers were unable to agree on price. Cigna announced that it is working on plans for buying back $10 billion worth of shares. The health insurance company resulting from an acquisition of Humana by Cigna would have resulted in an insurer with an estimated value…

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AIA health insurance company says Apple Watch wearers are more active

Health insurance company - Woman exercising wearing watch

The fitness tracking smartwatch wearers move 51 percent more than those without a tracker. AIA health insurance company in Australia provides its customers with Apple Watches and is now showing that wearers are as much as 51 percent more physically active than non-wearers. The insurer showed that the impact of the fitness tracking was particularly helpful among those over 50. A report released by the AIA Australia health insurance company showed that people aged 50 years or older increased their physical activity by an average of 51 percent once they…

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Collateral “Insurance” Measures To Protect Your ENT Health

healthcare insurance

ENT Considerations Ear, Nose, and Throat issues can be hard to handle. Some ENT issues are going to be more impacting than others. To determine where you stand, it’s going to require some level of professional examination. Now certainly, some things are pretty affordable right out of your pocket, but not all. Also, insurance companies may or may not cover you. Here’s what you need to understand when it comes to insurance: providing settlements isn’t their real business. The real business of insurance companies is collecting enough money to invest…

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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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