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Despite challenges in Medicaid and MA, major insurers still posted large earnings in the second quarter — many helped by growing health services divisions.
The healthinsurer sees Medicare Advantage as an area for future growth, despite selling the division for $3.7 billion earlier this week. Cigna’s CEO called the sale a “win-win” on a call with investors Friday.
Medicare Advantage enrollment will swell, with fewer sweeping regulatory changes. The uninsured rate will rise. Major pharmacy benefit managers will launch more transparent products. Here’s what experts see coming down the pike for 2024.
Medicare Advantage stars, Medicaid redeterminations, individual exchange growth and GLP-1s. Many payers beat Wall Street expectations in the quarter, despite ongoing utilization concerns. Other hot topics?
Overview of Major Health Plan Types Medicare: A federal program for individuals 65+ or those under 65 with disabilities, offering coverage for facility, outpatient, and prescription drug services. Medicare and Medicaid can work together for dual-eligible beneficiaries, offering comprehensive support.
Introduction For many physician practices, Medicare beneficiaries represent a significant portion of their patient population. However, navigating the complexities of Medicare billing can be a challenging task, especially when considering its distinct differences from private insurance models.
What You Should Know: – Healthinsurance members, both in commercial and Medicare Advantage plans, are increasingly relying on their health plan’s websites and mobile apps for communication. Commercial member health plans: Average app satisfaction is 653 (on a 1,000-point scale). – The J.D.
Finally, SB 1120 limits the degree to which healthinsurers can use AI to determine medical necessity for member health care services. SB 1223 amended the California Consumer Privacy Act of 2018 to include neural data as sensitive personal information, whose collection and use companies can be directed to limit.
The head of the Senate Finance Committee sent letters to several healthinsurance exchanges on Tuesday, as part of an inquiry into allegedly predatory Medicare Advantage marketing to seniors.
A decade ago, federal officials drafted a plan to discourage Medicare Advantage healthinsurers from overcharging the government by billions of dollars—only to abruptly back off amid an “uproar” fr | Filings and testimonies in a multibillion-dollar Justice Department civil fraud case against UnitedHealth Group outline industry pressure that led the (..)
As the calendar turns to October, the healthinsurance industry is gearing up for Medicare's annual enrollment period. | As the calendar turns to October, the healthinsurance industry is gearing up for Medicare's annual enrollment period.
CareNu is starting to sign members up for healthinsurance through its Medicare Advantage plan for the first time. CareNu's subsidiary is launching an Institutional Special Needs Medicare Advantage plan in Florida for patients with chronic illness.
UnitedHealth, CVS, Elevance and peers sidestepped the worst of medical cost growth in the quarter, but many payers face uncertainty from Medicare Advantage star ratings, GLP-1s and other pressures.
The Affordable Care Act (ACA) recently celebrated its 13th anniversary with historic enrollment growth in the healthinsurance Marketplaces and the lowest-ever recorded uninsured rate.
More than 450,000 individuals had their information exposed in the incident. Several lawsuits were filed in response to the breach against Somnia, Anesthesia Services of San Joaquin, Palm Springs Anesthesia Services, Resource Anesthesiology Associates of IL, Resource Anesthesiology Association of NM, and Anesthesia Associates of El Paso.
Jessica Altman, Pennsylvania’s insurance commissioner sums it up well : “When we talk about bringing something back to state control, that is a real narrative that can appeal to both sides of the aisle. There is nothing political about making healthinsurance more affordable.”.
This article is copyrighted strictly for Electronic Health Reporter. Medicare is a federal healthinsurance program in the United States that provides coverage to people 65 or older and some younger people with specific disabilities. Illegal copying is prohibited. appeared first on electronichealthreporter.com.
What You Should Know: – Digital senior care navigator Fair Square Medicare raises 15M in series A funding led by Define Ventures. Launched in 2020 out of YC, Fair Square Medicare is a digital health platform company that’s revolutionizing how seniors navigate their healthcare. Care Navigator for Seniors.
By Laura Dolbow Merck recently filed a lawsuit that challenges the constitutionality of the Medicare price negotiation program created by the Inflation Reduction Act. Merck argues that this form of price regulation charts a “ radical new course ” for Medicare that violates the Takings Clause of the Fifth Amendment.
In other words, both convicted individuals and those still presumed innocent are stripped of their access to the federal healthinsurance program for low-income individuals. Gamble (1976), affirmed that incarcerated individuals have the constitutional right to health care. The Supreme Court’s ruling in Estelle v.
million being defrauded from Medicaid, Medicare, and private healthinsurance programs. Five state Medicaid programs, two Medicare Administrative Contractors, and two private healthinsurers were tricked into changing the bank account details for payments. million, and $6.4
Data released this past week from the Centers for Medicare and Medicaid Services show that more than 34.5 million services were delivered via telehealth in Medicare and in the Children's HealthInsurance Program from March through June.
Fast-forward through the 1990s and the advent of PBMs — pharmacy benefit management companies — the intermediaries managing drug benefits for healthinsurance plans. Today, the three largest PBMs, processing about 4 in 5 retail prescription claims, are embedded in large healthinsurance companies.
The account was reviewed, and on January 24, 2025, it was confirmed that emails in the account contained the protected health information of patients of Beacon Health Systems Three Rivers Health Hospital in Michigan. Restorix sent notification letters to the affected patients on December 18, 2024.
A recent rule by the Centers for Medicare & Medicaid Services (CMS) extending healthinsurance to children of undocumented immigrants under the Deferred Action for Childhood Arrivals (DACA) pro | A coalition of right-leaning states are calling foul on a recent CMS rule that would expand healthinsurance for DACA recipients under the Affordable (..)
with employer-sponsored healthinsurance worry that a major health event in their household could lead to bankruptcy, according to research gathered by West Health and Gallup in Business Speaks: The Future of Employer-Sponsored Insurance. Health Populi’s Hot Points: U.S. One-half of U.S.
At that time, current chief operating officer Jim Rechtin will take the reins of the healthinsurer, which is struggling with challenges in Medicare Advantage.
Researchers limited the study population to individuals covered through employer-based, Affordable Care Act and other private healthinsurance plans, but not Medicare or Medicaid – an important limitation, given emerging evidence about virtual care's role in exacerbating the digital divide.
For those with chronic and mental health conditions covered by Medicaid and the State Children's HealthInsurance Program, reimbursement for digital platforms and applications that can improve health outcomes has been limited. The bipartisan bill, S.5238,
John summarized a study in the American Journal of Managed Care highlighting how real-time interventional analytics reduced 30-day readmissions and Medicare spending per beneficiary for Penn Medicine affiliates. Read more… Funding and M&A Activity: Healthinsurance verification vendor Nirvana raised $24.2
Finding the best private Medicare drug or medical insurance plan among dozens of choices is tough enough without throwing misleading sales tactics into the mix. The problems are especially prevalent during Medicare’s open-enrollment period, which began Oct. “You’re not from Medicare,” Heimer told her.
Last month we read about health system competition in metropolitan areas, health care affordability prior to the American Rescue Plan (ARPA,) how high deductible healthinsurance can exacerbate racial and ethnic wealth disparities, and about unmet dental vision and hearing needs among low-income Medicare Advantage beneficiaries.
Billing medical insurance for Spravato involves codes for both drug delivery and supervision because treatment requires administration of the drug (using the intranasal spray) and a monitoring period of at least 2 hours at a certified treatment center. Spravato is covered by Medicare Part B , which pays 80% of expenses.
Among our most-read stories of the year, one topic clearly rose to the top: Medicare Advantage. Many of the most-read healthinsurance stories from Fierce Healthcare in 2023 center on Medicare Advantage.
In 2023, for the first time, more than half of Medicare beneficiaries were enrolled in Medicare Advantage (MA) plans, which offer private insurance alternatives to traditional Medicare, with 34 million enrollees in MA and 23 million in standalone Part D drug plans.
Power reveals significant shortcomings in the digital experiences offered by healthinsurance providers in the United States. Healthcare Digital Experience Study found that a surprising 42% of insured adults have encountered problems using their healthinsurance company’s website or app in the past year.
The payer mix of healthinsurance is typical, with 35% of patients representing government insurance such as Medicare or Medicaid, 60% commercial insurance, and 6% self-pay patients. The majority of patients using the virtual-first clinic are females (70%), and the average age range has been 40-50.
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