Could Substantial Incentives Trigger a Nationwide Expansion of Medicaid?

medicaid us affordable care act

In the decade since the Affordable Care Act’s (ACA) inception, a critical coverage gap remains in the health insurance landscape. This gap prevails in the 10 states withholding the ACA Medicaid expansion, affecting 1.5 million uninsured individuals. In this detailed analysis, we investigate who is affected, the potential for expanded coverage, and examine new economic incentives that may prompt a shift towards the adoption of Medicaid expansion in remaining states. Understanding the Health Insurance Coverage Gap The ‘Coverage Gap’ is a situation in some states where adults can’t get Medicaid…

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Why are many people looking to long term care insurance again in 2024

Long term care insurance 2024

Consumers have been drifting away from this costly coverage in recent years but are looking into it again. Long term care insurance is a type of coverage that many people have been abandoning in recent years due to the skyrocketing cost associated with keeping it up. That said, this year, consumers are starting to inquire about it once more, which many people hadn’t expected in the current economy. There are many reasons that consumers are wondering if this type of policy has value after all. Within the current economy, many…

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Insurance and Technology: The Rise of Insurtech

insurtech insurance technology

The insurance industry, traditionally viewed as conservative and slow to adapt to change, is undergoing a dramatic transformation thanks to technology. This fusion of insurance with technology, known as ‘Insurtech’, is reshaping the landscape of insurance offerings, customer service, and business models. The Evolution of Insurtech Insurtech began as a response to the digital revolution that has swept across other sectors. Today, it represents a broad range of applications: from artificial intelligence and machine learning for underwriting and fraud detection, to blockchain for secure and transparent transactions, and the Internet…

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Cigna insurance company ends its Humana acquisition intentions

Insurance Company - Acquisition Cancelled

The insurer is now developing a $10 billion share buyback plan after a failure to agree on a price. Health insurance company Cigna has ceased its pursuit of a negotiation for acquisition of its rival insurer Humana. The company left its efforts when the two insurers were unable to agree on price. Cigna announced that it is working on plans for buying back $10 billion worth of shares. The health insurance company resulting from an acquisition of Humana by Cigna would have resulted in an insurer with an estimated value…

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Millions of people abandon the Chinese health insurance system

Health Insurance - Chinese Flag - Heart and stethoscope

The state program has already lost tens of millions of plan members, and the trend is continuing. The state health insurance system in China is bleeding plan members as tens of millions of them have left the coverage, citing higher costs as a primary reason. The expense associated with the coverage is increasingly viewed as unaffordable for many people in China. While the Chinese health insurance system was already too expensive for many people in China who continue to struggle within the economic downturn that has followed the pandemic, increasing…

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