Health care costs propelled skyward by labor, inflation, and insurance rates

Health care - stethoscope on folded bills
Long term care insurance premiums a...
➡️ WATCH TOP INSURANCE NEWS STORIES IN: ENGLISH & SPANISH

There are several factors all contributing to the rising cost associated with medical services and products. Consumer prices are rising across the country, but it hasn’t been specifically determined how much higher health care costs will be headed skyward and how quickly. Product and labor costs alike have been rapidly climbing throughout the United States. With consumer prices climbing as they are, health care expenses are expected to go with them, which will send insurance rates upward in 2023 as well. According to a presentation by the Kaiser Family Foundation,…

Read More

New States Add Medicare Supplement Birthday Rules

medicare birthday rules

Insurance agents competing to sell Medicare Supplement insurance in five states can now capitalize on rules benefiting Medicare beneficiaries.  According to the American Association for Medicare Supplement Insurance (AAMSI), the five states include California, Illinois, Oregon, Nevada and Idaho. “Medicare insurance agents now face a daunting task of competing with the millions of dollars being spent on television ads featuring celebrity spokespeople,” explains Jesse Slome, director of the American Association for Medicare Supplement Insurance.  “Survival of the independent Medicare insurance agent will depend on the ability to take advantage of…

Read More

How Healthcare Reform May Impact Physicians

Healthcare reform is a touchy topic in America today. Phrases like “single-payer system” and “public option” are tossed around a lot these days, but the emphasis usually centers on the patient experience. However, as the past year has shown us, the functions of our healthcare system are heavily dependent on healthcare workers and physicians who are equally impacted by U.S. healthcare reform. Let’s explore the insurance versus cash-only debate to better understand available insurance alternatives and physician involvement in healthcare reform. Insurance vs. Cash-Only  Healthcare demand is growing rapidly in…

Read More

Half of adults over 65 lack dental insurance, study finds

Dental Insurance - Study - Dental Work - Dentist

A December 2019 poll conducted by the University of Michigan revealed that around 50% of adults aged 65 to 80 go without dental insurance. The same poll, titled the University of Michigan National Poll on Health Aging, also found that cost is a main factor in choosing whether or not to opt-in to dental insurance — and that NOT having dental insurance is the main reason people choose to forgo needed dental care.  Lack of Insurance Affects Ability to Get Proper Care The poll found that 1 in 5 adults…

Read More

Health care importance is high in the American Presidential Vote

Health care importance - I Voted American Sitcker

77 percent of survey respondents said this was a significant factor and 35 percent said it was critical. The results of a recent survey have revealed the health care importance when voting for the next US president. The survey was conducted by Insure.com and discussed the connection between this factor and the country’s politics. Over three quarters of the survey’s respondents felt that it was a significant election issue this year. At the highest level of health care importance was reducing the costs, said the participants in the survey. The…

Read More

Walmart health plans for seniors available in time for 2021 open enrollment

Walmart health plans - Front of Walmart Store

The retail giant is selling the policies for Medicare medical and drug benefits that will begin next year. Walmart health plans are launching through a new brokerage that will make the policies available in time for seniors to enroll during the Medicare medical and drug benefit open enrollment for 2021. Seniors will be able to enroll in this coverage this fall throughout the open enrollment period. The retailer announced the move earlier this week, bringing Walmart health plans into heavy competition within an industry facing a rapidly increasing number of…

Read More