health insurance News

Munich Re Raises Shareholding in India’s Apollo Munich Health Insurance

Munich Re will acquire an additional 23.27 percent of shares of Apollo Munich Health Insurance Co. Ltd., from its joint venture partner, the Apollo Hospitals Group, India, increasing its shareholding from 25.5 percent to 48.75 percent. Representatives of both companies …

Hospital Says KanCare Insurers Denying Legitimate Claims

Lawrence Memorial Hospital officials say the three insurance companies managing Kansas’ Medicaid system routinely turn down legitimate claims to hold down costs. The three contractors for the state’s privatized Medicaid system, known as KanCare, deny the accusation. Other hospitals have …

Once Profitable, Maine’s Community Health Option Is Now Losing Millions

The lone health insurance cooperative to make money last year on the Affordable Care Act’s public insurance exchanges is now losing millions and suspending individual enrollment for 2016. Maine’s Community Health Options lost more than $17 million in the first …

Vermont Health Connect Promises Fixes After Critical Review

Although Vermont Gov. Peter Shumlin recently proclaimed the Vermont Health Connect a “totally different ballgame” in comparison to last year’s performance, a House committee on Monday heard of several unresolved problems affecting the insurance exchange. “There’s a heck of a …

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 …

R.I. AG Sues Health Insurance Commissioner Over 10% Blue Cross Rate Hike

Rhode Island’s attorney general has sued the state’s health insurance commissioner for allowing Blue Cross Blue Shield of Rhode Island to hike premiums for some residents 10 percent. Attorney General Peter Kilmartin says even though Insurance Commissioner Kathleen Hittner pared …

300K Massachusetts Resident to See Their Health Insurance Rates Jump 6%

About 300,000 Massachusetts residents who buy their own health insurance or work for small businesses are about to see their premiums jump more than 6 percent on average. The increase approved by the state Division of Insurance that takes effect …

N.H. Seeks to Update Insurance Rules for Health Care Provider Networks

The New Hampshire Insurance Department is moving forward with changing its rules for health care provider networks, but some insurance companies aren’t yet sold on a key part of the proposed approach. Department officials say the rules are ripe for …

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 …

Affordable Care Act Attracting Younger, Healthier Insureds

Obamacare is attracting younger and healthier people to its coverage plans this year, according to research by Express Scripts Holding Co., a trend that could help balance and sustain the law’s insurance markets. According to the report, which looked at …