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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.

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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Insurers Likely To Pay Out $1.1B In Premium Rebates This Year

Insurers are likely to pay $1.1 billion in Affordable Care Act (ACA) medical loss ratio rebates in 2024, according to a new analysis. Payers have made a total of $11.8 billion in rebates since 2012, when they became required under the ACA, according to a report from KFF and data compiled by Mark Farrah Associates. Health plans ...

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What Retailers Might Do Next On Health Care

Major retailers are abandoning or scaling back their ambitions to become health care providers — but don’t look for them to pull out of the market entirely. Why it matters: Retailers hoping to grab a bigger piece of the $4.5 trillion health care market are likely to lean into their core strengths: consumer products, alongside some health services ...

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Let’s Get Phygital: 5 Ways To Blend Physical & Digital Client Interactions

One of the many ways that the 2020 pandemic ushered in change in our lives was by increasing the prevalence of remote and virtual client and work interactions. No longer do meetings and presentations need to be in person. The pervasiveness of virtual business meetings and our sometimes lack of physical interaction has coined a ...

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Cyberattacks, Medicare Changes Hang Over Health Insurers’ Meeting

America’s Health Insurance Plans is meeting in Las Vegas this week, and everything has changed. A year ago, the health insurers that belong to AHIP were focusing on efforts to expand and improve Medicare plan operations. UnitedHealth was excited about its newly acquired Change Healthcare health data services unit. This year, the Centers for Medicare ...

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Retirement Roadblocks: Why Are Many Employees Not Participating In Their 401(K)S?

Since employees generally go along with most retirement plan provisions, adding plan design features, such as auto-enrollment and auto-increase, are some of the fastest ways to help boost participation rates, says a new survey.

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Higher Premiums, Out-Of-Pocket Costs Drive Higher Health Care Financial Burden

The nearly 180 million Americans with private health insurance coverage have experienced increased premiums and decreased benefits. However, little is known about how changes in privately insured families’ contributions to insurance premiums and out-of-pocket spending have affected the financial burden.

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Why Half Of All Workers May Struggle To Get Weight-Loss Drug Health Insurance Coverage

Companies are increasing access to new blockbuster weight-loss drugs for employees, but size of employer may make a big difference in early access. Small businesses and their workers are often stuck between a rock and a hard place when it comes to this burgeoning health insurance coverage market. Small businesses employ roughly half of the ...

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Fauci Says No Evidence For Pandemic Guidance On Masking Or Social Distancing

Dr. Anthony Fauci said in congressional testimony that he reviewed no scientific evidence behind the specific recommendations for masking children or maintaining 6-foot social distancing before advocating these policies during the height of the COVID-19 pandemic. The revelations come from the full transcript, released Friday, of Fauci’s closed-door transcribed interview session in January before the Select Subcommittee on the Coronavirus Pandemic. The publication ...

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How CVS Is Betting Big On Healthcare Services ‘Locally Delivered’ On A National Scale

CVS Health continues to invest heavily in healthcare delivery services with a focus on affordability, convenience and better access to primary care. “What we’re fundamentally trying to do is build that world of health around every American,” Sree Chaguturu, M.D., CVS Health’s executive vice president and chief medical officer, said Thursday at the thINc360 – The ...

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