Tag: healthcare insurance

Uninsured rates are low in the US but health care costs continue to be burdensome

Logan B.
Health care costs - US - Money - Calculator

A new Commonwealth Fund study showed that underinsurance remains a strong concern. The Commonwealth Fund has released the results of a new study which found that health care costs remain a serious burden to working-age adults, even though many had insurance coverage. The study showed that 43 percent of adults had inadequate coverage despite having a plan. Even though many of the working-age adults who took part in the study had insurance, 43 percent of them were considered to be underinsured, meaning that health care costs were still a financial…

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New York health insurance rates could rise by double digits

Marc
Health insurance Coverage Rates - New York

Both consumers and small businesses alike are expected to see the rise in monthly premiums. New York health insurance companies are currently filing for rate hikes to be applied in 2023 on their small group plans and for individual consumers. Insurers are seeking to hike rates as much as 46 percent on plans covering companies with under 100 employees. New York health insurance companies have also asked for increases as high as 35 percent for customers who aren’t a part of groups with plans, but who will be buying their…

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Insurance agents hit with slashed commissions as new ACA enrollments launch

G. Turner
Insurance agents - Commissions

Insurers offering Affordable Care Act coverage are sometimes reducing the cut for those selling it. Insurance agents working for insurers selling coverage through the Affordable Care Act have started to alter the relationship they have with those employees by slashing – or eliminating – commissions for sales. Bright Health is among those that have advised their brokers that their commission structure is changing. According to a recent report in Fortune, Bright Health issued a note to its insurance agents stating that they had seen “extraordinary growth” in the enrollment into…

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Over 14.5 million Americans enrolled in Affordable Care Act health insurance

Nordstrom
Affordable Care Act - 14.5 million Americans - healthcare

Wednesday was the 12-year anniversary of the implementation of Obamacare in the United States. There are 14.5 million Americans currently enrolled in the Affordable Care Act for 2022, according to US government statistics released on Wednesday, the 12-year anniversary of the law’s implementation. That represents a substantial 21 percent increase in enrollment over the numbers from 2021. According to the data released by the federal government, 10.3 million people enrolled in the 33 states across the country that use the federal government’s own marketplace at healthcare.gov. The remaining 4.3 million…

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MedOrion announces first US health plans HBM software platform

Marc
Health Plans software person with computer 2

The announcement created a new insurance category for the Rise National conference today. MedOrion has announced that it has developed the first AI-based Health Behavior Management (HBM) platform for US-based health plans. The company specializes in guiding members toward better medical and wellness decisions. The platform helps health plans to better understand the concerns and motivators of their members, embedding them into every component of their business. The SaaS AI platform breaks complex real world data, member behavior, and healthcare environmental changes down into usable information. This way, it can…

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AIA health insurance company says Apple Watch wearers are more active

G. Turner
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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Are health insurance companies required to cover home COVID-19 tests?

Logan B.
Health Insurance Companies - COVID-19 home test

The Biden-Harris Administration announced that insurers and group plans must cover FDA-approved tests. This week, the Biden-Harris Administration announced that health insurance companies and group plans will be required to cover FDA-approved home COVID-19 tests as of January 15. As of January 15, policyholders will be able to obtain those home tests without out-of-pocket costs. “This is all part of our overall strategy to ramp-up access to easy-to-use, at-home tests at no cost,” said Xavier Becerra, Secretary of the US Department of Health and Human Services (HHS). “Since we took…

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