Health Insurance Roundup, April 5, 2016

Allianz Worldwide Care is first-to-market with comprehensive health insurance plans for Equatorial Guinea | Business Wire

Allianz Worldwide Care has partnered with Equatorial Guinea Insurance Company (EGICO) to create the most comprehensive group health insurance plans to date for companies employing both domestic and international workers in the country.

The plans offer the first health insurance solution for employers who require dedicated plans for their Equatorial Guinean workers and their international staff. The local plan, Salud GE, offers full domestic coverage within Equatorial Guinea. The international plan, Salud Global GE, offers coverage worldwide, outside of the United States, and is aimed at both Equatorial Guinean employees who may work abroad and expatriate staff living in Equatorial Guinea. 

Health insurance no assurance | The State Journal

My local hospital is a preferred provider with my health insurance company. I thought I was having a heart attack last summer and immediately went to their emergency room.

Seven months later I got a “large” bill from the local ER physician. It was for the full amount — no health insurance reduction. I called and was informed that he did not accept my health insurance. 

Private health fund rebates cut to add to policyholder costs

The government-funded discounts on policies for people earning under $140,000 were watered down further on April 1, adding about 1 per cent to premiums.

The extra cost increase comes amid calls by the Greens and some health groups to scrap the rebate, which was introduced in 1999 and was set at 30 per cent before the previous Labor Government introduced a tiered system and indexation. 

Taxpayers to commit $660 billion for health insurance subsidies

This year, taxpayers in the United States will commit more than $660 billion to help subsidize health insurance coverage for those over the age of 65, according to the. The federal agency has released one of its most comprehensive reports concerning the cost of subsidized insurance coverage, highlighting the potential these subsidies have to reduce the national deficit. According to the report, the 2016 tax bill accounts for 3.6% of the country’s gross domestic product. The bill includes many provisions concerning insurance coverage and health care programs. 

Dunmore getting $190,000 refund from health consortium – News – The Times-Tribune

The borough will get a $190,000 refund on its 2015 health care expenses to cap Dunmore’s first year in the 254-member Pennsylvania Municipal Health Insurance Cooperative.

Dunmore will receive the refund for April 1 through the end of 2015 because the borough spent fewer dollars than administrator Benecon budgeted for its claims, employee benefits consultant Michael Cummings said.

Before joining the cooperative, Dunmore came out ahead after a couple years of self-insurance, but officials were concerned about the potential for catastrophic claims to create financial chaos in a spending category that represents 12.86 percent of the 2016 budget. 

Public vs private – is it good for our health?

The voice on the radio advertisement is warm and reassuring, clearly that of an older person, extolling the virtues of the emergency department of the private hospital. Given that many of us, particularly as we age, may be unsociable enough to fall ill at night time, a first warning signal to lay people that the service is not similar to public hospitals is that is only open during the day. 

Willis Towers Watson’s PulseModel to predict death for insurance purposes – Business Insider

One of the world’s largest advisory groups, Willis Towers Watson,just created a new piece of technology designed to more accurately predict when you will die.

But the piece of risk technology, called PulseModel, was created by Willis Towers Watson for a very specific reason — to give insurance companies the tools to make more precise predictions on when you’re likely to die and therefore to give more accurate price calculations for insurance for you. 

How does the state employee health plan compare? | The CT Mirror

As lawmakers grapple with massive projected budget deficits and officials plan to lay off state workers, Connecticut leaders have called for employee unions to consider changes to their benefits package.

That’s drawn renewed focus on the state employees’ health plan, a package that requires workers to pay less for coverage and care than typical employer-sponsored insurance, according to national surveys. Legislative leaders from both parties have suggested, among other things, raising co-pays. 

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