UnitedHealth Buying Medicare Advantage Plan With Chronically Ill Specialty
UnitedHealth Agrees To Acquire Medicare Managed-Care Insurer XLHealth
UnitedHealth Group Inc. (UNH), the largest U.S. health insurer by sales, said it will buy XLHealth Corp., a provider of managed care for chronically ill Medicare members, to strengthen a growth area likely to gain increasing support from the U.S. government as it trims costs. The purchase price was about $2 billion, according to a person familiar with the deal who asked not to be identified because the price wasn’t disclosed. … The purchase of XLHealth, with 111,000 members, is the seventh since Jan.
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The best winter sports travel insurance? We think so.
Of course, you’re not the only one who could get injured. The thought of comical slips and accidental slides might bring a smile to the face.
read moreIQ expert Jason Beans: Getting your health insurance plan to cover alternative treatments
A: You’re talking about contemporary and alternative medicine , whose use has been on the rise in the past decade. These alternative therapies, as opposed to traditional medicine, include acupuncture, chiropractic care, massage, energy healing, hypnosis, biofeedback, meditation, prayer and spiritual healing.
Americans spend $33.9 billion out of pocket on CAM annually, according to the National Center for Health Statistics. While that number represents just 1.5 percent of our total health care picture, it equates to a large portion of out-of-pocket spending. I argue that we’re better off keeping alternative medicines an out-of-pocket expenditure.
About 38 percent of Americans use CAM in one form or another, according to a survey by the federal Centers for Disease Control and Prevention.
read moreInsurance Employees Favourite TV Shows
It was very hot at the office of Insurance Blog today and not the best of working conditions.
However a bit of light relief went around the office with the results of the Insurance company department favourite gameshows of all time poll.
Here are the results in no particular order…….
Underwriters – Jeopardy
Loss Adjusters – The Price is Right
Actuaries – 15 to One
Marketing Department – Catchphrase
Claims – Total Wipeout
Accounts – Double Your Money
New Business – Blind Date
Personnel – Britains Got Talent
Senior Management – Big Brother
Claims Fraud – Give Us a Clue
IT Dept – Eggheads
Call Centre – 100 to 1
Products Department – Take it or Leave it
Risk Assessors – The Weakest Link
Account Executives – In it to Win it
Well its nearly silly season…
If your Insurance company department has a favourite gameshow or even maybe a favourite song, write and let us know at the email address at the bottom of the page……
read moreACOs: Docs, Hospitals A-OK On Revisions To Final Rule
The regulations, which were released Thursday, relaxed requirements for doctors and hospitals to participate in the program. Some insurers and employers, however, complained that the changes will increase the chances that providers will consolidate, which could reduce competition and drive up costs.
HHS Releases Final Regulations For ACOs
Kaiser Health News staff writers Phil Galewitz and Jenny Gold report: “The Obama administration on Thursday bowed to health industry concerns about its plans for Medicare accountable care organizations, making it easier for doctors and hospitals to participate in the program designed to lower medical costs.
Life insurance complaints during 2009-2010
Life insurance in India gained momentum since the entry of private insurance companies. Currently there are 23 life insurance companies that are operational in the country which includes 22 private life insurance companies and LIC of India. Life insurance products that cater to different needs of a customer include plans like Term Insurance Plan, Endowment Plan, Money-back plan, Pension Plan, Unit-linked Insurance Plan (ULIP), Child Plan etc.
All the private and public insurance companies in India are governed by the Insurance Regulatory and Development Authority (IRDA). Each year, IRDA’s grievance cell receives thousands of complaints from customers.
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