Tag Archives: insurance

Insurers Won’t Yet Cover Commercial Space Tourism

Reuters reports: Launching one of the richest individuals on earth into orbit has proved a leap too far for insurers, who are not ready to price the risk of losing Jeff Bezos or his fellow space travelers. And while insurers are well known for offering cover for even the most outlandish of risks, at a price, potential accidents in space …

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Axios: Most Major Hospitals Charge Over 5X Costs

Axios reports: Some of the hospitals with the highest revenue in the country also have some of the highest prices, charging an average of 10 times more than the actual cost of the care they deliver, according to new research by Johns Hopkins University provided exclusively to Axios. Hospitals each determine their own charges, or list prices. While few patients …

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Insurers Ask: Who Pays When Self-Driving Cars Crash?

Roll Call reports: The advent of self-driving cars is raising questions in the insurance sector about who should pay when the vehicles crash and how insurers will set equitable rates. When cars can operate themselves, the central question will be whether accidents are the manufacturer’s responsibility and therefore covered by product liability insurance or whether the fault would lie with …

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Some Denied Life Insurance Due To Having Had COVID

Axios reports: Because of the pandemic, more people than ever are seeking out life insurance — just as insurers seek ways to identify people who have had COVID-19, and in some cases deny them coverage. If the coronavirus makes it harder for people to get life insurance — or to collect on existing policies — it could diminish access to …

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Pence: Major Insurers Will Waive Virus Testing Copays

Politico reports: Vice President Pence said Tuesday that a group of major health insurance companies have agreed not to charge patients copays when they get tested for coronavirus. Pence made the comments at a meeting at the White House with the CEOs of major health insurance companies aimed at encouraging people to get tested by removing cost barriers. Some insurance …

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Court Strikes Down Obamacare’s Individual Mandate

Axios reports: A federal appeals court on Wednesday ruled that the Affordable Care Act’s individual mandate is unconstitutional, but ordered a lower court to take a fresh look at how much of the rest of the law should fall along with it. This decision will likely keep the ACA’s protections for pre-existing conditions in legal limbo well past the 2020 …

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Axios: Fake “Trumpcare” Insurance Offers Are Growing

Axios reports: Do a quick search for health insurance, and you’ll find plenty of ads for “Trumpcare” plans that cost $59 or less per month. But there’s a catch: Trumpcare doesn’t exist, and many of these advertised plans offer bare-bones coverage. Why it matters: For people who buy health insurance on their own instead of receiving it through an employer, …

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Uninsured Number Up For First Time Since Obamacare

The Associated Press reports: The proportion of Americans without health insurance edged up in 2018 — the first evidence from the government that coverage gains under President Barack Obama’s health care law might be eroding under President Donald Trump. The Census Bureau also said in an annual report Tuesday that household income rose last year at its slowest pace in …

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Trump Moves To Toss Out All Of Obamacare

USA Today reports: The Trump administration told a federal court late Monday that it would ask judges to toss out the entire Affordable Care Act, a decision that cast further uncertainty over the future of a federal law that has extended health insurance to millions of Americans. Justice Department attorneys said in a letter filed with the U.S. Court of …

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CVS Finalizes $70 Billion Merger With Aetna

CNBC reports: It’s been a year in the making, but CVS Health finally closed Wednesday on its acquisition of Aetna, creating a new health-care powerhouse. The merger combines CVS’ pharmacies with Aetna’s insurance business, blurring traditionally distinct lines in hopes of lowering costs. CVS also has one of largest pharmacy benefits managers through CVS Caremark and a major Medicare Part …

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UTAH: Insurance Company For Public Employees Pays Patients To Fly To Mexico For Cheaper Medications

The Salt Lake Tribune reports: Amid a flurry of national proposals to bring exorbitant U.S. drug prices in line with other countries’ charges, one Utah insurer has a different option for patients: Pay them to go to Mexico. PEHP, which covers 160,000 public employees and family members, is offering plane tickets to San Diego, transportation to Tijuana, and a $500 …

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GOP Senators Vote Down Democrats’ Attempt To Overturn Trump’s Attack On Pre-Existing Conditions

The Washington Post reports: Senate Democrats fell one vote short Wednesday in a bid to overturn the Trump administration’s expansion of short-term health insurance plans that do not have to cover preexisting conditions and certain kinds of health care that the Affordable Care Act requires. By forcing a vote on what they term “junk” plans, however, Democrats managed to put …

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NRA To Lose Insurance Program After State Rules It Provides Coverage For “Acts Of Intentional Wrongdoing”

Reuters reports: Lloyd’s of London said on Wednesday it would direct underwriters to terminate all insurance offered, marketed, endorsed or otherwise made available through the National Rifle Association of America. The move comes after insurer Chubb was fined $1.3 million over its role in an NRA insurance program after an investigation found the NRA’s “Carry Guard” insurance program unlawfully provided …

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Aetna To Pay $17 Million For HIV Disclosures

STAT News reports: Health insurer Aetna has agreed to pay $17 million to settle claims that it breached the privacy of thousands of customers who take HIV medications. Attorneys for the plaintiffs announced the settlement Wednesday in Philadelphia. Court documents say the Hartford, Conn.-based company sent a mailing in envelopes with large, clear display windows that revealed confidential HIV information. …

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2017 Obamacare Enrollments Robust Despite Trump

Talking Points Memo reports: The Department of Health and Human Services announced Thursday that despite the Trump administration’s many attempts to undermine and weaken the Affordable Care Act, enrollment in the federal health care marketplace nearly reached last year’s total of 9.2 million, clocking in at 8.8 million. Considering that the Trump administration cut the length of the open enrollment …

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Court Blocks New Trump Rules On Birth Control

The Associated Press reports: A federal judge in Philadelphia on Friday ordered the Trump administration not to enforce new rules that could significantly reduce women’s access to free birth control. Judge Wendy Beetlestone issued the injunction, temporarily stopping the government from enforcing the policy change to former President Barack Obama’s health care law. The law required most companies to cover …

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LIVE VIDEO: Trump Signs Executive Order To Destroy Obamacare Markets, Enable “Junk” Health Insurance

Politico reports: President Donald Trump is trying to do with the stroke of a pen what Republicans in Congress could not — bring about the end of the Obamacare markets. Trump is expected to sign an executive order on Thursday directing an overhaul of major federal regulations that would encourage the rise of a raft of cheap, loosely regulated health …

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Kimmel Eviscerates “Phony Little Creep” Fox Host Brian Kilmeade For Mocking His Healthcare Plea [VIDEO]

Yesterday morning Fox & Friends host Brian Kilmeade mocked Jimmy Kimmel as a member of the “Hollywood elite” after Kimmel trashed Sen. Bill Cassidy’s Obamacare repeal bill. Last night Kimmel went ballistic. “This is a guy, Brian Kilmeade, who whenever I see him, kisses my ass like a little boy meeting Batman. Oh, he’s such a fan. He follows me …

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Homocon Trashes Obamacare, Posts Money Beg For “Thousands” In Hospital Bills After Car Accident

Arizona-based Twitter user Sassy Gay Republican is relatively popular as homocons go, with 30,000 readers following his prolific attacks on Obamacare, progressive politics, and “lying and corrupt Democrats.” But today he’s rather a laughingstock after posting a GoFundMe to pay his hospital bill after a car accident. From his money beg: It all happened so fast & my brain is …

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Trump Attacks Rand Paul On Obamacare Repeal

Politico reports: Libertarian-leaning Sen. Rand Paul is “such a negative force” on Republican efforts to repeal and replace Obamacare, President Donald Trump wrote on Twitter Wednesday morning amid a final GOP push to overhaul the nation’s healthcare system. Senate Republicans have restarted in recent days their stalled efforts to undo former President Barack Obama’s signature healthcare legislation, throwing support behind …

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