insurers
Congresswoman Dean Avoids Healthcare Reform Debate Accepts Thousands in Campaign Donations from For Profit Health Insurers
Philadelphia Area Unions for Medicare for All picket Congresswoman Madeleine Dean for opposing Medicare for All. Tweet this As the pandemic crisis continued the group followed up with Congresswoman Dean’s office six months later, in March of this year, to again push for a meeting on the health care question. She again failed to respond. …
Health insurers have the means, moral obligation to invest in affordable housing and improve health
It’s been more than one year since COVID-19 appeared, yet families across the nation and the U.S. health care system are still straining under the weight of yet another surge in cases. While vaccine testing, development and even administration are underway, it is still difficult to imagine our daily lives, health care system and economy …
Judges break down consolidated business interruption claims – boost for insurers
A panel of judges has preemptively moved to prevent 1,000 COVID-19-related business interruption (BI) insurance lawsuits from consolidating, which would have swamped the one judge overseeing all the cases. Last week, a group of judges said that it would be too unwieldly for one judge to administer over 1,000 BI cases from all across the …
Michigan health insurers agree to provide COVID-19 testing, treatment at no cost to patients through end of year
LANSING, Mich. – Gov. Gretchen Whitmer and the Michigan Department of Insurance and Financial Services announced that the state has secured agreements from nearly all of the state’s health insurers to waive all out-of-pocket costs for COVID-19 testing and treatments through the end of 2020, including copays, deductibles, and coinsurance. These agreements cover more than …
Profiteering? Health insurers bank big profits during COVID-19 and still raise rates for next year
Health insurance companies are racking up big profits during the pandemic, sometimes two to three times higher than a year ago. That’s largely because so many customers are putting off their usual care. Elective surgeries, office visits and even trips to the emergency room have dropped sharply, which means fewer claims on insurance plans. Four …
NJ lawmakers advance a tax on health insurers
CLOSE Public workers and health insurance Wochit With small businesses buckling under the pandemic-induced recession and more than 120,000 newly unemployed New Jersey residents estimated to have lost health insurance coverage so far this year, lawmakers Thursday advanced a measure to impose a state tax on health insurers. The $300 million raised through a 2.75% “health …
Vt. health insurers ask state regulators for rate hikes
MONTPELIER, Vt. (WCAX) – Vermont health care regulators are mulling over a proposed rate hike which could raise health insurance premiums for the state’s largest carrier. In a year that has thrown the predictability of the heath care system for a loop, it’s the latest effort by the industry to stabilize costs. Blue Cross Blue …
Driver-assist technology benefits insurers; it should also benefit the auto industry
After spending billions of dollars and years of time chasing the dream of autonomous vehicles, the auto industry is beginning to realize that — while there have been some excellent technological developments along the way — true Level 5 and even unsupervised Level 4 autonomy are still well into the future. Some executives in the …
Insurers Are Giving Consumers a Break Amid Pandemic
Many insurance companies are providing some needed assistance to consumers amid the coronavirus pandemic. Offerings vary depending on the insurer and the state. Broadly, though, the combination of regulatory and industry-driven efforts includes extended grace periods for payments, flexible payment options, auto-policy premium refunds, increased reliance on online applications and digital signatures, extended time periods …
Some Insurers Offer a Break for Drivers Stuck at Home
The best kind of financial help is the kind that you don’t have to ask for. On Monday, Allstate and American Family Insurance said they would give their personal auto insurance customers a break, since most of them aren’t driving as much as they did a month or two ago. The savings don’t amount to …
