Health Insurance Roundup, April 29, 2016

Health Insurance Companies Set to Hike Obamacare Premiums – NBC News

Expect insurers to seek significant premium increases under President Barack Obama’s health care law, in a wave of state-level requests rippling across the country ahead of the political conventions this summer. 

Health insurance spikes in 2017 may mean more competition

In the small universe that is health insurance, 2017 may turn out to be pretty nice for the men and women who predict how much insurers have to pay out in claims. 

Striking Verizon workers soon to lose company health insurance coverage | Business Insurance

A strike by nearly 40,000 Verizon Communications Inc. workers is in its third week with unions and the company still far apart on contract talks, even as employee healthcare benefits are set to expire on Saturday. 

30 Issues | A Quick and Helpful History of Health Insurance in America – The Brian Lehrer Show – WNYC

If you want a brief history of presidents, campaigns, and the health insurance debate, listen to the first 10 minutes or so of the segment above. You’ll hear Lyndon B. Johnson signing medicare into law in 1965, Bill Clinton asking for Congress’ support in fixing a broken healthcare system in 1993, and Obama signing the ACA. 

A.M. Best Withdraws Ratings of InStil Health Insurance Company | Business Wire

A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of InStil Health Insurance Company (InStil) (Columbia, SC). The outlook for each rating is stable. Concurrently, A.M. Best has withdrawn the ratings in response to the company’s request to no longer participate in A.M. Best’s interactive rating process. 

Rate increase on long-term care health insurance being debated – Baltimore Sun

Senior citizens already paying heavy premiums on their long-term care insurance plans strongly urged state regulators on Thursday to oppose any additional rate hikes wanted by insurance carriers. 

Consumer Engagement Vital in Health Insurance Exchanges

The Patient Protection and Affordable Care Act has brought a variety of changes for both insurers and healthcare providers with the establishment of health insurance exchanges holding a top place in reforming reimbursement between payers and providers. The new provisions of the Affordable Care Act as well as the operation of health insurance exchanges, however, have brought more of a financial loss for some payers selling health plans through the marketplace. 

Three steps to slash family health costs –

YET again the cost of private health insurance is on the rise. Vhi Healthcare is increasing its rates by up to 6pc from May 1, and GloHealth has announced a price increase on a range of plans by up to 8pc from the same date. 

Grand Traverse County Commissioners Approve Pension and Health I – Northern Michigan’s News Leader

At the end of the year, Grand Traverse County will have owe more than $58 million dollars liability for retiree pensions and health care. 


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