Tag: health insurance coverage

Many lapsed Medicaid recipients will enroll in ACA health insurance plans

Logan B.
Health insurance - Affordable Care Act Form

Experts and insurers have predicted that after losing old coverage, there will be an influx of policy shopping. Health insurance companies and advisors alike are preparing for a notable surge of consumers looking for assistance in navigating Affordable Care Act enrollment after having lost Medicaid coverage in 2023. As of April, this year, the extensions for coverage that were put into place during the pandemic ended. Beginning April 1, 2023, the Medicaid and Children’s Health Insurance Program (CHIP) coverage extensions that were put into place throughout the worst of the…

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Health insurance could soon cover weight loss drug Wegovy

G. Turner
Health Insurance - Pills wrapped in measuring tape

Novo Nordisk announced that the highly popular drug could have expanded FDA approval in six months. Novo Nordisk recently announced that its headline-making weight loss drug Wegovy could receive expanded US Food and Drug Administration (FDA) approval within six months, opening the door to much more readily available coverage by health insurance plans. The drug is already highly sought-after, but is not necessarily covered by most policies. Novo Nordisk’s chief financial officer Karsten Munk Knudsen said that the company’s application for approval of Wegovy as a cardiovascular disease reduction medication…

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Mercy Health and Anthem strike health insurance deal

Logan B.
Health insurance - Deal - Handshake

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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Blue Cross claims Ford’s health insurance lawsuit was filed too late

Logan B.
Health insurance - Ford logo - lawsuit

According to the insurer, the automaker took too long to file the suit accusing them of conspiracy. Blue Cross Blue Shield Association and that health insurance company’s Michigan affiliate are seeking to have a US judge dismiss a lawsuit filed against them by Ford Motor Co. Ford accused the insurer of an artificial inflation conspiracy for how much the automaker paid in premiums. The automaker stated that the insurer was recording higher health insurance premiums and other commercial medical coverage services expenses that were being paid. The lawsuit included two…

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Ukrainian war refugees to receive health insurance in Israel until the end of 2023

Logan B.
Health Insurance - Israel flag and Ukraine flag

The Israeli government is extending coverage to include the refugees from the war in Ukraine. Ukrainian war refugees to Israel had been receiving health insurance coverage within that country until the start of this month, when the cover was stopped. This occurred when the country’s Finance Ministry decided not to allocate funds to that purpose. Now, the Israeli government has decided to extend coverage back to those refugees until the end of the year. The Israeli government recently announced its intention to extend the health insurance coverage to the Ukrainian…

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Vermont health insurance rate hikes eased by state regulators

H. Cutner
Health insurance - Vermont flag

The state has attempted to take steps to keep premiums from rising over a certain limit. Health insurance price increases proposed by two major insurers in the Vermont marketplace have been slimmed down by state regulators. The decision to pare down the requested rates took the form of a pair of rulings issued last week. The Green Mountain Care Board issued two rulings last week that notably shrank the health insurance rate increases requested by MVP Health and Blue Cross Blue Shield for their small group and individual plans being…

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Number of Americans with health insurance hit record high in Q1 2023, said CDC

Nordstrom
Health insurance Coverage Q1 2023

That said, this figure was measured just before the changes to Medicaid rules were implemented. During the first quarter of this year, the number of Americans without health insurance dropped to a record low of 7.7 percent. Unfortunately, this record-breaking figure was achieved just ahead of the expiration of the rule implemented during the pandemic. In April, the Medicaid coverage of 15 million people was on shaky ground, possibly increasing uninsured rates. The data was measured in a survey released by the Centers for Disease Control (CDC) this month. It…

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