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Industry Updates

This broad category includes articles concerning health insurance costs, carrier and health plan news, changing benefits technology, and surveys by the Kaiser Family Foundation and others on employee benefits.

Uninsured Rate To Rise To 8.9% By 2034, CBO Finds

The percentage of Americans who lack health insurance, which currently hovers around 7.2%, is projected to rise steadily through the years, hitting 8.9% by 2034, according to the latest data presented by the Congressional Budget Office.

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Drug Patent Bill Could Cut The Federal Deficit By $3B, Analysts Predict

CBO analysts reported last week that the new version of the Affordable Prescriptions for Patients Act bill could cut spending by $2.4 billion over the period from 2024 through 2034 and increase federal revenue by $585 million over that same period.

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Half Of U.S. Workers Financially Unprepared For Unexpected Medical Event

Many U.S. employees are experiencing “financial fragility,” according to the “2023-2024 Aflac WorkForces Report,” which examines employer and employee benefits trends and attitudes. The survey of 1,200 employers and 2,000 employees revealed that a full 50% of workers say they would not be able to afford more than $1,000 in out-of-pocket expenses for an unexpected medical event. ...

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CalPERS Enters Into Contracts With Blue Shield Of California, Included Health

Blue Shield of California will partner with Included Health to provide support and service to about 400,000 CalPERS PPO members.

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Nation’s Health Care Tab Projected To Hit Nearly $8 Trillion In A Decade

Growing demand for care, record levels of insured patients and swelling Medicare enrollment will drive up annual health care spending to $7.7 trillion by 2032, up from $4.8 trillion last year, according to new projections from federal actuaries.

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Amazon Pharmacy Expands RxPass Subscription Service To Medicare Patients

Amazon Pharmacy is expanding its prescription drug subscription program, called RxPass, to Prime members on Medicare insurance. The RxPass program, launched in January 2023, provides unlimited access to 60 eligible generic medications and will ship the medications to customers’ homes for a flat monthly fee of $5, along with 24/7 access to a pharmacist, according to the ...

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Uninsured Americans Dropped by One-Quarter Over Five Years

The number of Americans without health insurance dropped by about a fourth from 2019 to 2023, US health researchers said, as the government tried to bolster coverage during and after the Covid-19 pandemic. In 2023, 25 million Americans of all ages were uninsured, down from 33.2 million in 2019, according to preliminary survey results released Tuesday by ...

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Leaked Documents Reveal Patient Safety Issues At Amazon’s One Medical

Since Amazon acquired the primary-care service One Medical, elderly patients have been routed to a call center — staffed partly by contractors with limited training — that failed on more than a dozen occasions to seek immediate attention for callers with urgent symptoms, according to internal documents seen by The Washington Post. When one patient ...

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California Telehealth Execs Charged In ADHD Prescription Scheme Amid Nationwide Med Shortage

As many as 50,000 U.S. patients’ access to treatment for attention deficit hyperactivity disorder could be disrupted after two executives at Done, a California-based telehealth company, were indicted Thursday on healthcare fraud charges, federal officials said. The Justice Department alleges that Chief Executive Ruthia He and company clinical President David Brody schemed to provide easy ...

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Insurance Firms Reach Settlement With U.S. Department Of Labor

The US Department of Labor has announced separate settlements with Unum Life Insurance Co. of America and the Lincoln National Life Insurance Co. that relate to their practices on evidence of insurability.

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