Texas officials on Thursday rejected attempts by several major insurers for needy families to cancel a proposal that would drop them from the state Medicaid program and shake up the coverage of nearly 2 million low-income Texans. At issue are some $116 billion in Medicaid contracts that Texas Health and Human Services officials are attempting […]
The recent heavy rains in the southern states of Bavaria and Baden-Württemberg are expected to cost insurers around €2 billion ($2.2 billion), the German Insurance Association (GDV) said on Friday, in an initial estimate The current floods in southern Germany were the third and largest in just a few months. In addition to the Danube, […]
The recent heavy rains in the southern states of Bavaria and Baden-Württemberg are expected to cost insurers around €2 billion ($2.2 billion), the German Insurance Association (GDV) said on Friday, in an initial estimate The current floods in southern Germany were the third and largest in just a few months. In addition to the Danube, […]
Humana and CVS, two of the largest Medicare Advantage insurers in the country, are poised to seriously downgrade their plan benefits and geographic presence next year as they chase profits in the privately run Medicare program. As a result, hundreds of thousands of Medicare Advantage seniors — and the billions in revenue they represent — […]
A spellbound performance. Here’s a word Bruhat Soma should spell easily: C-H-A-M-P-I-O-N. The rising eighth grader from Tampa reeled off 29 words inside a Maryland auditorium Thursday night to win a tiebreaker and take this year’s Scripps National Spelling Bee. Bruhat’s dizzying performance thrilled the crowd as he breezed from “brouette” (a small two-wheeled vehicle) […]
At first glance, Dave Langston’s predicament seems similar to headaches facing homeowners in coastal states vulnerable to catastrophic hurricanes: As disasters have become more frequent and severe, his insurance company has been losing money. Then, it canceled his coverage and left the state. But Langston lives in Iowa. Relatively consistent weather once made Iowa a […]
Two more insurance companies are ending property insurance coverage in California, adding to the growing list of insurers fleeing the state in what has become an escalating crisis. Tokio Marine America Insurance Co. and Trans Pacific Insurance Co., both owned by Japanese firm Tokio Marine Holdings Inc., filed notices to California’s Department of Insurance saying […]
(Bloomberg) — Health insurance stocks fell sharply Monday in late trading after US regulators didn’t boost payments for private Medicare plans like the industry had come to expect. Most Read from Bloomberg The decision by the administration of President Joe Biden to hold firm on proposed Medicare Advantage rates for 2025 shows a break with […]
UnitedHealth (UNH) and Humana (HUM) tumbled late Monday while other health insurers such as CVS Health (CVS) and Cigna (CI) ended mixed after the Biden Administration announced that final Medicare Advantage rates in 2025 won’t change from initial plans in January. X The Centers for Medicare and Medicaid Services announced late Monday that private Medicare […]
By Sinead Cruise, Jonathan Saul and Carolyn Cohn LONDON (Reuters) -Baltimore’s Francis Scott Key Bridge collapse could cost insurers billions of dollars in claims, analysts say, with one putting it at as much as $4 billion, which would make the tragedy a record shipping insurance loss. Six people are still missing after a collision with […]
Hospitals and insurance giants are clashing over wildly popular Medicare Advantage plans as both sides try to protect their profits. Many seniors enrolled in these plans are caught in the crosshairs. More hospitals and healthcare providers are terminating agreements with insurers that provide these private-sector alternatives to Medicare, citing too many denials, delays, and refusals […]
(Bloomberg) — Democratic senators led by Elizabeth Warren urged top Biden health officials to take a harder line on private Medicare Advantage health plans, arguing that insurance companies annually overcharge the government by tens of billions of dollars. Most Read from Bloomberg The lawmakers asked the administration to ensure “funds that are incorrectly going to” […]