Tag: WellPoint

Health insurance rates could spike in small states

Nordstrom
health insurance costs subsidies

Baby boomers relying more heavily on medical care could lead to a surge in spending Baby boomers are entering their “golden years” and this may have a significant impact on health insurance premiums for everyone else. An estimated 76 million people from the baby boomers generation are expected to create a surge in spending on prescription medications, health care, and hospice car. This may become a major financial issue for insurance companies, with insurers like UnitedHealth and WellPoint seeing few other options than raising rates. For some states, premiums may…

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Insurers take the business approach to Obamacare

Note From The Editor
health care reform

Insurers are finding ways to omit Obamacare from their marketing The Affordable Care Act, often called “Obamacare,” has become a hyper-politicized issue within the U.S. While consumers and politicians throughout the country are arguing the merits of the federal law and how to fix its faults, insurance companies are looking at the issue from the perspective of business. Insurers throughout the U.S. are preparing for a public relations barrage, which will target the estimated 7 million new customers that could find coverage through health insurance exchanges. Insurers are expected to…

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Loophole could help health insurance companies avoid Affordable Care Act

Logan B.
Health Insurance book report law

Health insurance companies may find major benefit in loophole in federal law Health insurance companies throughout the U.S. have been working to find ways to avoid the costly implications associated with the federal Affordable Care Act. There are several provisions associated with the federal law that are expected to have a major impact on the cost of health insurance coverage, largely due to the fact that these provisions institute more regulations on insurers. Some health insurance companies seem to have found a possible way to avoid complying with the federal…

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Supercomputer Watson to take on the health insurance industry

Marc
Health Insurance IBM Watson

Watson making an entry into health insurance The Watson supercomputer, one of the most advanced computers on the planet, has made an entry into the insurance industry. Since 2011, IBM, makers of the advanced artificial intelligence computer, has been using Watson to improve the health care industry. The supercomputers capabilities have drawn a great deal of acclaim in this field and has helped modernize many of the computer systems that govern health care. Now, Watson is graduating from the medical world to take on health insurance. Supercomputer will help assess…

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IBM supercomputer to recommend action on thousands of insurance claims for WellPoint Inc

H. Cutner

IBM’s famed supercomputer, Watson, is taking on a new challenge, the results of which may have a sweeping impact on the nation’s insurance industry. The supercomputer has successfully overcome several challenges in the past, including a “Jeopardy!” competition in which the computer won a decisive victory against some of the brightest minds in trivia knowledge. Watson has shown that its computing power surpasses the capabilities of a human mind and, because it is a machine, is not prone to typical human error. For this reason, the computer is now being…

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