Tag: health insurance

Insurance and Technology: The Rise of Insurtech

Guest Author
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

Logan B.
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

G. Turner
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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It took 2 days to reach the Colorado health insurance cap for undocumented residents

G. Turner
Colorado Health insurance - File folders, medical, Colorado flag

According to experts, the program is now seeing greater demand than ever before. The Colorado health insurance program OmniSalud has opened coverage to low-income undocumented residents of the state as well as DACA recipients. The program offers coverage at affordable rates while providing additional financial assistance. That said, the Colorado health insurance program has a cap. This year, it took only two days for the 11,000 available plans to be filled. “What we know is that the vast majority of folks are living here without documentation are really struggling to…

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Understanding if Your Local GP Doctor is Covered by Your Health Insurance Policy

Guest Author
health insurance policy terms and insurance jargon

Health insurance is a crucial aspect of managing healthcare costs, providing financial security when unexpected medical issues arise. However, the specifics of what is covered and what is not can sometimes be confusing. In this article, we will explore a commonly asked question: Is your local General Practitioner (GP) doctor or therapy centre covered by your health insurance policy? The Importance of Knowing Your Health Insurance Coverage Within the healthcare landscape, providers are categorized as either in-network or out-of-network. This distinction plays a significant role in determining the cost of…

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Navigating Insurance in Lithuania: Protecting Your Future

Guest Author
Vilnius Lithuania

Insurance is an essential aspect of financial planning, ensuring security and peace of mind for individuals and families. In Lithuania, understanding and selecting the right insurance can significantly impact your financial well-being. Let’s conduct a small expert study of the insurance system in Lithuania and try to find some of its features. Insurance Essentials in Lithuania To make informed decisions about insurance in Lithuania, it’s crucial to understand the fundamental aspects: Diverse Insurance Options: Lithuania provides a wide range of insurance products, catering to various needs – life insurance, property…

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Private health insurance customers get 70% Eli Lilly insulin drug discount

H. Cutner
Private health insurance - Money - medical

The drugmaker will cap the monthly cost of the medication at $35 per month for those policyholders. Pharmaceutical company Eli Lilly & Co. has announced that it will reduce the price tag on its most commonly prescribed insulin products for private health insurance customers. This discount is by 70 percent, with a cap at $35 per month at certain retail pharmacies. The price of the Lispro injection will be discounted to $25 per vial, starting on May 1, 2023. Lilly also announced that it would be reducing the price of…

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