health care News

China’s Biggest Insurer, Ping An, Plans $2B IPO of Health Tech Unit

Ping An Insurance Group Co., China’s biggest insurer by market value, is planning a Hong Kong initial public offering of its health-care technology unit that could raise about $2 billion, people with knowledge of the matter said. A listing of …

Amazon Plans Global Disruption of Health Care Marketplace

Amazon.com Inc. has global aspirations for its medical-supplies marketplace, according to a job listing posted on its website, highlighting the e-commerce giant’s sweeping ambitions to disrupt health care by selling products to hospitals, doctors and dentists and offering prescription drugs. …

Allied World Launches Professional Liability Policy for Healthcare Consultants

Allied World Assurance Co. Holdings has launched a professional liability policy, offering coverage specifically designed to address the risks of health care consultants and companies that provide consulting services to healthcare facilities. This comprehensive protection includes contingent bodily injury coverage …

Fosun Plans IPO of Healthcare Assets

Fosun International Ltd., the flagship of the Chinese conglomerate that owns Club Mediterranee SA, signaled the company will announce information related to initial public offerings of its healthcare assets before the end of the year. News about the matter and …

Aetna to Offer Individual Plans in Maine’s Health Exchanges

Aetna plans to offer individual plans in part of Maine on the Affordable Care Act’s health exchanges, bringing more competition to the market. A filing with the state indicates Aetna will join Community Health Options, Harvard Pilgrim and Anthem Blue …

Maine Insurers Request Double-Digit Rate Hikes Under Health Care Law

Insurers are seeking double-digit premium increases in the coming year for tens of thousands of Mainers who receive insurance through President Barack Obama’s health care law. Proposals filed with the Maine Bureau of Insurance would raise individual plan premiums between …

Massachusetts Woman, Son Get Probation for $100K Medicaid Scheme

A Worcester, Massachusetts, woman and her adult son have received probation for cheating the state Medicaid system out of nearly $100,000. The Telegram & Gazette reports that 68-year-old Beverly Cousin, a recipient of personal care attendant services through MassHealth, was …

Federal Audit Finds More Vermont Health Connect Startup Woes

A new federal audit of the first six months of operations of Vermont Health Connect details how the system failed to meet several federal requirements designed to ensure that people who sought health insurance through the system were qualified to …

Premiums on New Jersey Health Exchange Rising 5%

The premium for a mid-level plan offered on the federal government’s health insurance exchange will be up by 5 percent in New Jersey in 2016. But premiums will be lower, as expected, for people choosing a new plan that is …

Doctor Gets 5-Year Sentence for Medical Bribe Scheme in New Jersey

A New Jersey doctor is headed to prison for accepting $1.8 million in bribes from a medical lab company. Federal prosecutors say Frank Santangelo received a 63-month sentence on Tuesday and will have to serve three years of supervised release …