health insurance News

Vermont Town Sues Opioid Manufacturers and Distributors for Damages

A Vermont town has filed suit seeking damages against opioid manufacturers and related companies. The town of Bennington is being represented by attorneys from two firms that have been involved in similar suits filed in other states. The Bennington Banner …

At $20K a Year, Health Insurance Costs Undermine Job-Based Health Insurance

The cost of family health coverage in the U.S. now tops $20,000, an annual survey of employers found, a record high that has pushed an increasing number of American workers into plans that cover less or cost more, or force …

Costs, Underinsurance Bigger Challenge Than Uninsured in U.S. Health System

America’s much-maligned health care system is covering 9 out of 10 people, a fact that hasn’t stopped the 2020 presidential candidates from refighting battles about how to provide coverage, from Bernie Sanders’ call for replacing private insurance with a government …

China’s Ant Financial Provides Health Coverage to 65 Million Clients for Pennies a Month

Ping An Insurance (Group) Co. employed about 1.4 million people to peddle policies last year. Yet it’s Jack Ma’s newest online disruptor that is stealing the show — with 50 workers and visions of serving 300 million customers. Ma’s Ant …

Ant Financial Aims to Disrupt Health Insurance with New Chinese Health ‘Collective’

Billionaire Jack Ma’s Ant Financial has done more than perhaps any company to disrupt China’s gargantuan banking and asset-management industries. Now it’s trying to re-imagine health insurance. Ant’s Xiang Hu Bao, which means mutual protection, has attracted 50 million people …

Munich Re’s India Partner Weighs Selling Health Insurer Stake: Sources

Prathap C. Reddy and his family, founders of India’s Apollo Hospitals Enterprise Ltd., plan to sell their holdings in an insurance venture with Munich Re AG to repay debt, people with knowledge of the matter said. The family is seeking …

Delaware Officials Say Data Breach Affects Five Companies, 650 Consumers

Officials in Delaware say a data breach at a third-party administrator for health insurance companies has affected five companies and 650 consumers. The Department of Insurance announced Thursday that BenefitMall’s Oct. 11 breach has affected five companies in Delaware and …

Lockout of Gas Workers to be Focus of Massachusetts Legislative Hearing

Massachusetts lawmakers are considering a bill that would require National Grid to provide health insurance to locked-out gas workers and prohibit public funds from flowing to the company until the labor dispute ends. The bill scheduled for a legislative hearing …

Healthier Workplaces Help to Reduce Group Insurance Costs: Canada’s Manulife

When Canadians hit the gym, they’re not the only ones who benefit. Their insurers stand to gain as well. “If we can have a healthier workplace it is going to decrease disability costs, it’s going to decrease general health costs …

I’m Trying to Figure out my Health Coverage. Rant ahead.

It’s time for another departure from what I normally write about. Or maybe I should just realize that I don’t “normally” write about anything consistent. I finished my annual trip down open enrollment lane. Oh yes. I finally did it. …