health insurance News

Penn. Supreme Court Says Malice Not Required to Win Bad Faith Claims

The Pennsylvania Supreme Court unanimously affirmed a decision by the state’s Superior Court that although ill-will or malice is one factor that can be used to assess insurer bad faith, it is not a prerequisite for policyholders to prevail in …

Uninsured Rate Keeps Dropping in Pennsylvania, Census Says

The number of people without health insurance in Pennsylvania continues to decline, reaching what Democratic Gov. Tom Wolf’s office says is the lowest uninsured rate on record. U.S. Census Bureau data released this week shows Pennsylvania’s 2016 uninsured rate at …

Bayer-Backed Health Startup, Medopad, Seeks $30M in New Funding: Sources

Medopad Ltd., backed by pharmaceuticals giant Bayer AG, is looking to raise new funds, joining the clutch of fast growing U.K. startups that are mixing artificial intelligence and health care. A London-based mobile platform for health-care companies, insurers, doctors and …

Anthem to Exit Obamacare Plans in Virginia as Legislative Uncertainties Continue

U.S. health insurer Anthem Inc. said on Friday [Aug. 11] it will exit Obamacare markets in Virginia and reduce its plan offerings in Washington and Scott counties and the city of Bristol next year. The move comes nearly two weeks …

Trump Delivers To-Do List for McConnell: Repeal & Replace, Infrastructure, Tax-Code

President Donald Trump laid out a path for Senate Majority Leader Mitch McConnell to get back in his good graces: replace Obamacare, overhaul the U.S. tax code and find a way to pay for big infrastructure improvements. Yet clearing Trump’s …

Aetna Acquires Bupa Thailand to Expand in Asia Health Insurance

Aetna Inc. announced it has acquired UK-based Bupa Group’s Thai business, Bupa Thailand, for an undisclosed sum. The acquisition will significantly increase Aetna’s presence in Asia, and is key to the company’s strategy to go “broader and deeper” into local …

Aetna Settles on New York for New Headquarters in 2018

Aetna Inc., the third-largest U.S. health insurer, will move its corporate headquarters to New York City next year, making it the latest company to leave Connecticut as the state raises taxes and deals with a budget deficit. New York will …

Cuomo Takes Steps to Keep New York Insurers in Obamacare

New York Governor Andrew Cuomo announced steps on Monday to encourage insurers to keep selling health plans in the state’s Obamacare exchange, as the companies withdraw from other markets amid uncertainty surrounding the health law. The state is tying participation …

Connecticut Governor Says State Senate Bill Ignores Insurance Industry Concerns

Connecticut Governor Dannel P. Malloy sharply criticized the Connecticut Senate for unanimously passing legislation early Friday that creates a new mandate for health insurers, arguing the bill shows a “lack of awareness and blatant disdain for the industry’s expertise.” The …

UK’s Aviva Buys Remaining 50% Share in Vietnam Joint Venture

Aviva plc has acquired VietinBank’s entire 50 percent shareholding in its life insurance joint venture VietinBank Aviva Life Insurance Ltd. Aviva also has signed a new distribution agreement with VietinBank to sell life and health insurance products through VietinBank’s network …