Mercy Health and Anthem strike health insurance deal

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The companies have come to an agreement that will keep the care provider in the insurer’s network. Mercy Health has announced that it will remain in Anthem’s health insurance network now that the companies have arrived at a deal. This means that the insurer’s members will be able to seek care through that healthcare system. The Catholic healthcare system in Ohio and Kentucky will be available to Anthem health insurance members on the Medicaid, Medicare Advantage and employer-based coverage plans. According to the new agreement, this will extend through to…

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Virginia health insurance to lose Anthem next year

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The insurer announced it will officially leave the state’s exchange for the 2018 marketplace. Anthem recently announced its intentions to step out of the Virginia health insurance marketplace for 2018. Moreover, it has also revealed that it will be reducing the number of health plans it sells in Bristol, as well as Washington and Scott counties. The withdrawal from the insurance exchange occurred after Republicans failed to repeal the Affordable Care Act. This news was also made on the heels of President Trump’s threat to slash healthcare subsidy payments which…

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New Hampshire insurance exchange won’t lose any insurers in 2018

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Regardless of the uncertainty in the industry, all companies have indicated their intent to return. The New Hampshire insurance exchange won’t be following the trend of states losing insurers next year. Instead, the marketplace has managed to hang on to the companies currently selling health plans there. The uncertainty regarding the future of the Affordable Care Act caused doubts in some states. There are four insurers selling on the New Hampshire insurance exchange and each have now submitted their applications to do so next year. The New Hampshire Insurance Department…

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Cyber insurance premiums are falling as major digital attacks drop in frequency

Premiums are beginning to decline due to the growing rarity of major cyber attacks Cyber insurance premiums are beginning to fall thanks to a decline in the number of major data breaches that have been reported. Major data breaches have made headlines in the past few years, but the frequency at which these digital attacks are occurring has fallen. As a result, cyber insurance rates have fallen during the first three months of this year for several high-risk industries, such as the retail and health care spaces. Large companies have…

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Insurance industry would prefer data security to tech innovation

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Cybersecurity is already among the top trends in many markets but especially among insurers. As the year is launched with the announcement of all new forms of technology, such as those being demoed at the Consumer Electronics Show (CES), the insurance industry is hoping that a larger focus will be placed on cybersecurity and data security. A number of high profile data breaches occurred throughout 2015, including among large insurance companies. Following the data breaches of health insurers Anthem and Premera, the insurance industry was given the evidence it needed…

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