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…
Read MoreTag: UnitedHealth Group
Health insurance price increases may slow next year, shrinking profits for smaller insurers
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…
Read MoreUnitedHealth launched new initiative to make hearing aids available to more Americans
The UnitedHealth Group, one of the largest health insurance companies in the U.S., has announced that it will begin offering hearing aids as part of its myriad of health care products. The company has introduced four different kinds of hearing aids each made by IntriCon Corp., a manufacturer of small medical devices. UnitedHealth has begun offering hearing aids as part of a way to promote Medicare enrollment. The company will be offering hearing aids for eligible Medicare plan members at retail prices, which will be lower than prices found outside…
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