Live Insurance News

Aetna insurance company sees surge in profits but still sees weaker forecast

February 4, 2016February 3, 2016 Julie Campbell

Despite the fact that the insurer has seen a strong close to 2015, its predictions aren’t as strong as Wall Street’s. The Aetna insurance company has closed 2015 with a very strong surge in its last quarter earnings, which rose by 38 percent when compared to its previous quarter. Even though its performance was better than predicted, its 2016 guidance has fallen short of Wall Street’s forecast. The insurance company is the third largest health insurer in the United States. Earlier this week, it announced that it is predicting adjusted…

Aetna steps out of America’s Health Insurance Plan

January 11, 2016January 10, 2016 G. Turner

The third largest and powerful healthcare plan provider in the country has stepped out of the group. The third largest medical insurer in the United States has now announced that it will be quitting America’s Health Insurance Plan, which is the powerful lobbying group in the industry that has been standing behind Obamacare. This is the second large health insurance company to leave the group, following the departure of UnitedHealthCare. Back in June, UnitedHealthCare announced that it was to be the first insurer to leave America’s Health Insurance Plan (AHIP).…

New Jersey will not stop selling OMNIA health insurance plans

December 4, 2015December 3, 2015 S.Vagus

Acting Insurance Commissioner refuses to stop selling OMNIA plans New Jersey’s acting Insurance Commissioner, Richard Badolato, has refused to halt the sale of OMNIA health insurance plans coming from Horizon Blue Cross Blue Shield of New Jersey. Badolato suggests that stopping the sale of these policies would “immediately trigger chaos” in the state’s health insurance market. Earlier this month, 11 hospital systems requested that OMNIA plans no longer be allowed to be sold in the state, but New Jersey officials believe that this would be the wrong move. Consumers are…

Poll shows health insurance industry tactics causes healthcare struggles

October 29, 2015October 28, 2015 Julie Campbell

The research has shown that delays and compromised medical care are resulting from common strategies. According to the results of a poll conducted by the largest advocacy group for emergency physicians in the United States, recent tactics being used by the health insurance industry are causing patients to have to give up on necessary medical care. The poll involved the participation of 1,433 physicians and was conducted by the American College of Emergency Physicians (ACEP). The survey was conducted throughout September 2015 and this nationwide poll’s results revealed that 70…

Coventry to exit Kansas health insurance exchange

October 29, 2015October 28, 2015 Nordstrom

Kansas residents may be forced to find new coverage as Coventry exits exchange Several thousand residents of Kansas may have to find new health insurance coverage soon. Coventry, a prominent insurer in the state, has announced that it will be exiting the Kansas insurance exchange. Currently, some 45,000 people receive coverage through Coventry policies that are sold through the exchange. Coventry accounts for approximately half of all policies that Kansas residents have purchased on the state’s exchange. These consumers still have options, but they may be more expensive, in some…

Cyber insurance coverage is very costly for health insurance

October 14, 2015October 13, 2015 Julie Campbell

Following the record breaking data breaches that were suffered by several insurers, premiums are soaring. The large number of high profile data breaches that have been suffered by health insurers over the last year or so have made the cost of cyber insurance coverage skyrocket for those companies. This rise in rates has affected not only insurance companies but also retailers and banks. The reason is that those sectors have also been victims of data breaches and cyber insurance companies are seeing that it is becoming increasingly costly to cover…

Another health insurance company in the US has been hacked

September 16, 2015September 15, 2015 Marc

hacking alert cyber attack health insurance company

Excellus announces that it has been hit by a major data breach Excellus BlueCross BlueShield, a prominent health insurance company operating in the United States, has announced that it has fallen victim to a data breach. The cyber attack affected Excellus as well as several of its affiliates, which may have lead to the information of some 10.5 million people being compromised. According to Excellus CEO Christopher Booth, the company was targeted by a “very sophisticated” cyber attack, making Excellus one of the most recent insurers to fall victim to…