Live Insurance News

Massive $21 Billion Medicare Boost Set to Transform Senior Healthcare in 2026

January 14, 2025January 13, 2025 Logan B.

Proposed 2026 Medicare Advantage Reimbursement Rates See Positive Growth The Centers for Medicare & Medicaid Services (CMS) has proposed a 2.2% increase in reimbursement rates for Medicare Advantage (MA) plans in 2026, marking a sharp improvement from the 0.2% decline seen the previous year. When factoring in the 2.1% “risk score” adjustment to account for higher payments for individuals with severe health conditions, the total estimated increase in payments rises to 4.3%—equivalent to more than $21 billion. This proposal is poised to have a significant impact on insurers, healthcare beneficiaries,…

Insurance Companies Under Fire After Tyler Perry’s Viral Post

January 13, 2025January 13, 2025 Angela Linders

Tyler Perry’s Outrage Over Insurance Cancellations Hollywood mogul Tyler Perry recently expressed his frustration with home insurance companies canceling policies as Los Angeles battled catastrophic wildfires. His social media post highlighted what he described as “pure greed” from these insurers, pointing out the plight of homeowners left unprotected after faithfully paying premiums for years. Perry shared the heartbreaking story of a woman using a garden hose in a desperate attempt to save her 90-year-old parents’ home, which had lost its insurance coverage just before the fires. “Does anyone else find…

High Wind Warnings Issued as California Faces $20 Billion in Fire Losses

January 11, 2025January 13, 2025 Live Insurance News

California Wind Forecast and Fire Risk Southern California is bracing for another dangerous fire weather event as the Santa Ana winds are set to return. After a brief reprieve over the past 24 hours, forecasters predict wind gusts of up to 65 mph will sweep through the region late Saturday into Sunday morning, once again intensifying wildfire threats. The National Weather Service has issued High Wind Warnings for much of Los Angeles and Ventura Counties, elevating the fire outlook to a “Critical” risk level. Key fire zones, including areas affected…

Wildfire Smoke and Dementia Risk: An Overlooked Health Crisis

January 6, 2025January 5, 2025 Angela Linders

New Study Uncovers Emerging Dangers of Wildfire Smoke The connection between wildfires and their devastating effects on property and insurance markets has long been discussed. But emerging evidence from a University of Washington-led study reveals a critical health dimension to the problem. The study links long-term exposure to wildfire smoke with an increased risk of dementia, especially in vulnerable populations. These findings highlight the often-overlooked impact of wildfires, which could lead to higher health insurance rates and exacerbate existing health issues. Coupled with the broader impacts of climate change on…

California Insurance Companies Pull Out, But This Rule Could Bring Them Back

December 31, 2024December 30, 2024 Live Insurance News

California’s New Rules to Tackle Home Insurance Crisis with Reinsurance Costs California has unveiled a new regulation allowing home insurers to charge higher premiums to cover reinsurance costs. This decision, led by Insurance Commissioner Ricardo Lara, marks the latest step by the state to address its home insurance crisis, as insurers withdraw from high-risk wildfire areas. Here’s what you need to know about the changes and how they could reshape the state’s insurance market. What the New Reinsurance Regulation Means For the first time in California, insurers can factor reinsurance…