Health Insurance Roundup, May 10, 2016


Health insurance – do you need it, and when will insurers pay out?

Health insurance isn’t for everyone. Premiums can be expensive, and they won’t pay out all the time. And as some policyholders discover, some conditions just aren’t covered, no matter what policy you take out. 


Is this proof private health insurance is a rip off?

A confidential source from not-for-profit private health insurer HCF told news.com.au that most of the fund’s members on top hospitals cover, which costs $270 per month for a family of four, are 70 per cent in deficit as their fees are significantly greater than the benefits they’ve received. 


How the U.S. can lower out-of-control health-insurance premiums – MarketWatch

They say in life you can only be certain of two things: death and taxes. But these days you can add rising health-insurance premiums to that list. 


Who Will Take On The Brunt Of Rising Health Insurance Prices? – Forbes

Donald Trump, the new presumptive Republican nominee for President, has been vocal about his issues with the Affordable Care Act (ACA). He has specifically pointed to the increasing price of premiums as a huge problem facing exchange customers. To anyone following news surrounding the ACA marketplaces, Mr. Trump’s words are not breaking news. While his claims may sometimes be exaggerated, it’s impossible to deny the cost of plans is on the rise. According to analysis by the Kaiser Family Foundation, the prices for a benchmark premium changed on average 10.1% from 2015 to 2016. While unsubsidized Americans will see their costs rise, the U.S. government will absorb the increasing prices for a majority of people on the exchanges. 


ReWalk Robotics (RWLK) Announces Health Insurance Co. Becomes First to Implement Policy Finding Powered Exoskeletons Medically Necessary

ReWalk Robotics Ltd. (Nasdaq: RWLK) announced today that a commercial health insurance plan has implemented a medical policy stating that powered exoskeletons for ambulation in patients with lower limb disabilities are considered medically necessary when certain patient-specific medical criteria have been met. The health plan’s determination was based on a review of the most up-to-date clinical literature on powered exoskeleton-assisted walking in patients with spinal cord injury (SCI). 


NCAA ADs consider pooling athletes for cheaper, better health insurance – CBSSports.com

Many NCAA athletic directors are exploring the idea of pooling their school’s athletes together in order to purchase cheaper health insurance that could provide better and longer-term medical coverage for players. If the plan goes through, this would be the first comprehensive medical insurance model in college sports instead of a piece-meal approach handled individually by states, conferences and universities. 


What We’re Reading: Arizona Revives Its Children’s Health Insurance Program

A week after Arizona lawmakers chose not to restore the federal Children’s Health Insurance Program, making it the only state to not participate, the program was revived. The Arizona Legislature agreed to attach the program to another bill and the amended measure received enough votes to restore the program, reported Arizona Public Media. The program provides subsidized healthcare for 30,000 children, but enrollment was frozen 6 years ago. 


Switch from federal health insurance platform would cost Oregon more – Portland Business Journal

It would cost about 10 percent more a year to switch to a new, state-based platform for Oregon’s health exchange, rather than sticking with the federal technology. 


Health insurance mechanism for forest guards of Kaziranga | Business Standard News

Government has launched a health mechanism for forest guards of Kaziranga Tiger reserve and also approved a revolving fund for it, was informed today.  


Warning over European Health Insurance Card websites – Bognor Regis Observer

The card entitles UK citizens to free or reduced-cost medical treatment while travelling or staying in a European Economic Area (EEA) country, or in Switzerland. 


Lloyds Bank’s health insurance policy covers gender reassignment surgery

Former Olympian Bruce Jenner, now Caitlyn Jenner, attempted to transition gender in the 1980s, but partly achieved gender reassignment only in 2015. Had Caitlyn been an employee of a top British bank, the gender shift could have possibly be 100 percent. 

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