Consumers Need Better Communication From Their Health Plans, Survey Shows

More than half, or 58%, of health plan members are “overwhelmed” when it comes to managing their health plans. Insurers need to provide information in a way that's accessible and easy to understand, the report stated.

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The IRS Is Making Big Changes To FSAs And HSAs. Here's What To Know.

Employers typically offer a period of open enrollment in the fall, when their workers are allowed to pick new health plans, enroll in a Flexible Spending Account or make other changes to their benefits. This year, there are some changes ahead that could help employees, while also potentially opening up some financial pitfalls.

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Many Privacy Rights Act Provisions Take Effect Jan. 1

Originally passed in 2018 and effective in 2020, the California Consumer Privacy Act (CCPA) is a comprehensive privacy law aimed at enhancing California residents’ privacy rights and consumer protection.

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Market Update: ACA Family Glitch Fix Final Rule – Compliance Considerations

The Biden Administration released a final rule in October 2022, which closes the longstanding family glitch in the Affordable Care Act (ACA). The rule goes into effect on December 12, 2022, and it impacts Individual and Family Plan (IFP) coverage and employer-sponsored coverage effective in 2023.

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High Cost Of Health Care Is Top Concern As Employers Compete For Workers, Survey Finds

“Concerns about a recession and runaway inflation make it even more critical that employers are able to hire and keep top talent, and getting unreasonable health care costs under control can have a far-reaching impact on wages and ability to compete.”

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Pfizer’s COVID Cash Powers a ‘Marketing Machine’ on the Hunt for New Supernovas

The company has reaped nearly $100 billion from selling covid-19 vaccines and treatments to U.S. taxpayers and foreign governments. With that windfall, it plans to get richer, sinking the cash into developing and marketing potential blockbusters for conditions like migraines, ulcerative colitis, prostate cancer, sickle cell disease, and obesity.

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Millions Of Americans Have Health Insurance That Isn’t ‘Good Enough’

The open enrollment season for health insurance is gearing up at a time when more people in the United States have health insurance than ever before. Yet millions of Americans who enroll this fall still won’t be able to easily afford the health care they need or will be hit with medical bills they can’t pay. Why? ...

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Congressional Report Finds Health Care Sector ‘Uniquely Vulnerable’ To Cyber Attacks

Sen. Mark Warner (D-Va.), chairman of the Senate Intelligence Committee, released a report on Thursday outlining cybersecurity threats in the health care sector and ways the federal government can improve security standards in the industry. The report, which is divided into three sections, recommends that the federal government improve the country’s cybersecurity risk posture in the health care sector, help the private ...

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What A Divided Congress Could Mean For Healthcare In The Next Year

In the current Congress, Democrats were able to expand Affordable Care Act (ACA) subsidies and introduce drug price reforms, but experts say there could still be some progress on areas of common ground if Republicans take one or both chambers of Congress.

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Medicare Drug Price Negotiation: Key Decisions To Reach A “Fair Price”

Government negotiation of Medicare drug prices—even for a small set of older, single-source drugs—is a remarkable policy development. But how exactly will the government do it? The Inflation Reduction Act (IRA), signed into law August 16, contains an 86-page blueprint laying out which drugs are on the table, implementation timelines, “factors” to be considered, and rules of engagement ...

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