Live Insurance News

Health insurance rates set to rise in Rhode Island

July 22, 2014July 19, 2014 Marc

Higher rates approved by state’s insurance regulators Rhode Island Insurance Commissioner Kathleen Hittner has announced that rate proposals from the state’s health insurance companies have been approved for 2015. Insurers are seeking rate increases in order to balance out the losses that they incur from the cost of medical care. Many people have purchased insurance coverage over the past several months and are beginning to visit doctors and receive treatment for their conditions. In order to recover from the costs of these treatments, as well as other financial issues that…

Health insurance provider has big plans for exchanges in 2015

July 22, 2014July 19, 2014 S.Vagus

UnitedHealth Group plans to participate in more exchanges next year UnitedHealth Group, the largest provider of health insurance in the U.S., will be playing a much larger role in the country’s insurance exchanges. The insurer had initially been wary of the exchanges, unsure whether or not these digital marketplaces would find any traction with consumers. While exchanges had a turbulent launch, they managed to capture a massive portion of the insurance market, proving that they can be valuable platforms for companies like UnitedHealth. Insurers to offer policies in 24 insurance…

Health insurance giant sees massive spike in quarterly profits

October 17, 2012October 17, 2012 H. Cutner

UnitedHealth has announced its Q3 results with a tremendous jump of 23 percent. The largest health insurance company in the United States, UnitedHealth Group Inc. has released a statement of its third quarter earnings, and has shown that the strength of its Medicaid and Medicare business growth has led to a boost of 23 percent in its profits. The report also indicated that the overall medical claims costs appeared to be primarily as predicted. The health insurance company, which is based in Minnetonka, Minnesota, has now increased its forecasts for…

UnitedHealth Group acquire large Brazilian insurance company

October 9, 2012October 9, 2012 Nordstrom

UnitedHealth Group acquires Amil Participacoes SA Health insurance giant UnitedHealth Group has announced its acquisition of one of the largest health care companies in Brazil, Amil Participacoes SA. The move is part of UnitedHealth Group’s endeavor to boost its presence in Latin America, a region brimming with demand for health insurance coverage. UnitedHealth Group acquired the Brazilian company for approximately $4.9 billion. The company operates 22 hospitals and 50 clinics located throughout Brazil and boasted of an annual revenue of more than $5 billion. Move comes as company attempts to…

Aon Hewitt introduces new corporate health insurance exchange

September 28, 2012September 28, 2012 Nordstrom

Aon Hewitt provides alternative to state-run and federal health insurance exchanges Health insurance exchanges are on their way, thanks to the Affordable Care Act, but many of the country’s small and mid-sized businesses are still concerned for what these systems could mean for them. Health insurance exchanges are designed primarily with consumers in mind, not businesses. As such, many of the concerns some businesses are having concerning the changing landscape of health insurance go unaddressed. Aon Hewitt, the human resources and health benefits consultancy division of the Aon Corporation, has…

NYC health insurer to disclose information concerning rate increases

October 27, 2011October 27, 2011 H. Cutner

When it comes to insurance, information is a very powerful commodity. For insurers, it is not only important to ensure that all possible information is gathered when pricing policies, it is also imperative to control the flow of information to the public. Demand for transparency is on the rise in New York, where insurance prices have been soaring recently. The state’s insurance companies have been tight lipped on why rates are growing so quickly, but these companies may soon divulge this knowledge to the general public, thanks to pressure from…

Health insurance price increases may slow next year, shrinking profits for smaller insurers

October 13, 2011October 13, 2011 H. Cutner

An analyst at Wedbush has released estimates that have shown that in 2012, there may be a slowing in the rising cost of health insurance, but that this may cause smaller insurers that concentrate on commercial coverage to achieve smaller profit margins. The Wedbush analyst, Sarah James, released a research note that showed that employer and insurer surveys have been indicating that price increases will be slower next year than they were in 2011, as a result of some of the health care reform elements having been implemented. Though this…