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August 2, 2021

INSURERS

Biogen Alzheimer’s drug hits roadblocks with some hospitals, insurers

Reuters
July 15 (Reuters) – Biogen Inc’s (BIIB.O) Alzheimer’s drug, the first new treatment for the memory-robbing disease in nearly 20 years, hit new barriers on Thursday with some large hospitals declining to use it and health insurers delaying a decision while awaiting coverage terms from Medicare. An influential panel of......

Insurers plan green replacements for car and property write-offs

BBC
https://www.bbc.co.uk/news/business-57834049 “We accept that our sector’s emission are amongst the most of any industry in the economy but, conversely, this means we are uniquely placed to drive the transition including through huge investment potential in the green economy and our reach to millions of customers.” BBC – For more and......

A Hospital Charged $722.50 to Push Medicine Through an IV. Twice.

KHN
Rae Ellen Bichell Claire Lang-Ree was in a lab coat taking a college chemistry class remotely in the kitchen of her Colorado Springs, Colorado, home when a profound pain twisted into her lower abdomen. She called her mom, Jen Lang-Ree, a nurse practitioner who worried it was appendicitis and found......

Bezos’ 2021 Space Odyssey a risk too far for insurers

Reuters
June 24 (Reuters) – Launching one of the richest individuals on earth into orbit has proved a leap too far for insurers, who are not ready to price the risk of losing Jeff Bezos or his fellow space travelers. Amazon (AMZN.O) CEO Bezos, a lifelong space enthusiast, has been vying......

U.S. Supreme Court rebuffs insurers on Obamacare reimbursements

Reuters
WASHINGTON, June 21 (Reuters) – The U.S. Supreme Court on Monday declined to hear a bid by health insurance companies to seek a full reimbursement from the federal government under a provision of the Obamacare law aimed at encouraging them to offer medical coverage to uninsured Americans. The justices turned......

Insurers brace for lawsuits as workers return to the office. Employers should avoid these pitfalls

CNBC
CNBC – For more and to sign up click here As U.S. businesses bring workers back to the office, big insurers like Chubb, AIG and Travelers are bracing for an onslaught of claims related to employment and labor lawsuits. Covid-related litigation and complaints have steadily risen throughout the pandemic, with......

Covid Testing Has Turned Into a Financial Windfall for Hospitals and Other Providers

KHN
Pamela Valfer needed multiple covid tests after repeatedly visiting the hospital last fall to see her mother, who was being treated for cancer. Beds there were filling with covid patients. Valfer heard the tests would be free. So, she was surprised when the testing company billed her insurer $250 for......

Mental Health Services Wane as Insurers Appear to Skirt Parity Rules During Pandemic

KHN
Emmarie Huetteman Therapists and other behavioral health care providers cut hours, reduced staffs and turned away patients during the pandemic as more Americans experienced depression symptoms and drug overdoses, according to a new report from the Government Accountability Office. Use Our Content It can be republished for free. The report......

Insurers launch pilot program aimed at getting 2 million American seniors vaccinated

CNBC
CNBC – For more and to sign up click here Resident wait to receive a Pfizer-BioNtech Covid-19 vaccine at The Palace, an independent living community for seniors, at Coral Gables in Miami, Florida, United States on January 12, 2021. Eva Marie Uzcategui Trinkl | Anadolu Agency | Getty Images More......

California Bars Insurers From Dropping Policies in Wildfire Areas

@BreaknNews
As California reels from this year’s record wildfires, the state announced on Thursday that it would prevent insurance companies from dropping homeowners for one year in many parts of the state, a sign of the growing financial turmoil caused by climate change. The measure, which applies to almost one-fifth of......

‘An Arm and a Leg’: She Tangled With Health Insurers for 25 Years — And Loved It

KHN
Can’t see the audio player? Click here to listen. Barbara Faubion’s boss, an insurance broker, used to tell clients: “Listen, you don’t need to be on the phone for four hours with Blue Cross Blue Shield. Let us do that. I have a person.” Faubion was that person. And she got......

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