Tag: health insurance industry

Health insurance industry shows improved claims processing capabilities

Marc
Health Care Reform

Report targets the health insurance industry The American Medical Association (AMA) has released its fifth annual National Health Insurer Report Card. The report aims to rank the country’s health insurance companies based on their ability to serve customers and provides ratings based on issues such as transparency and business practices. According to this year’s report, the health insurance industry has made radical improvements to its operations. The report details these improvements and how they may be affecting consumers and highlights an issue that has garnered a great deal of interest…

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Obesity leading to higher medical costs in the U.S.

Nordstrom
Health Insurance Report on obesity

Insurance industry again targets obesity as culprit in rising costs Obesity in the U.S. is beginning to creep into the limelight once again as insurers begin to draw more attention to the costs associated with being overweight. The insurance industry has long decried obesity because of its impact on the medical world. Those that are excessively overweight are more likely to require costly medical care. The U.S. is currently aced with a rapidly increasing obesity rate, which is beginning to put strain on the country’s health care system and causing…

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Federal regulators warn that nanotechnology could present dangers to consumers

S.Vagus
health insurance news

FDA calls for proof of safety for nanotechnology Nanotechnology is gaining traction in the world of medicine. The technology has a myriad of uses from prosthetics to cancer treatment, but the federal Food and Drug Administration (FDA) believes that nanotechnology could present serious dangers to consumers. Health regulators have released a study concerning nanotechnology and have warned that products that use this technology cold have harmful effects on the human body. The health insurance industry is also wary of the technology because these possible effects could be somewhat costly. Nanoparticles…

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Health insurance analysis suggests that insurance may be completely unaffordable by 2031

S.Vagus

Two leading medical professionals have published a new analysis of the future of health insurance in the latest issue of Annals of Family Medicine. Richard A. Young and Jennifer E. Devoe have taken a look at the Affordable Care Act and how it will affect the health insurance industry from when it is fully enacted in 2014 to the state of the industry in 2037. The study assumes that the federal health care law is successful in its goal of lowering health insurance premiums. Despite this supposed success, the study…

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Insurers to disclose information regarding their efforts to improve medical care this year

Nordstrom

Last week, the Department of Health and Human Services (HHS) announced that consumers will begin receiving information on how their premiums are being spent this year. The Affordable Care Act requires insurance companies to spend no less than 80% of the money they collect from premiums on improving medical care. The federal law also requires insurers to inform consumers on how this money is being spent and how much has been spent thus far. HHS Secretary Kathleen Sebelius believes that this is a major step toward keeping insurance companies accountable…

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