Tag

Private Insurers

All articles tagged with #private insurers

insurance2 years ago•1 min saved

"Policyholder Decries 'Insane' Hurricane Tax Warning by Citizens Insurance"

Citizens Insurance policyholders in Florida are receiving notices about a potential "hurricane tax" that could be imposed if the state insurer of last resort runs out of funds. The tax, which could be as high as 45% of premiums, has sparked outrage among policyholders who argue that they are already paying high premiums. Citizens Insurance has been taking on policies at a record rate and its exposure to large claims has raised concerns. The company is offering take-out offers to lower its policies by moving them to private insurers, but many customers find the offers expensive. In extreme financial situations, the assessment program could also result in surcharges on all private insurance policies in the state.

via WPTV News Channel 5 West Palm|

#citizens-insurance #florida-residents #hurricane-tax

healthcare2 years ago•4 min saved

Limited Insurance Coverage for New Alzheimer's Treatment

Some private insurers in states like North Carolina, Pennsylvania, and New York are refusing to cover the newly approved Alzheimer's drug, Leqembi, citing it as experimental and questioning its safety and effectiveness. This decision contrasts with Medicare, which will cover most patients taking the drug. While the majority of patients taking Leqembi will be covered by Medicare, those under 65 with commercial coverage are being denied access to the treatment, leading to concerns of discrimination. The full picture on commercial insurance coverage is still emerging, with some insurers yet to make a decision. The high cost and serious side effects of the drug are factors contributing to the coverage denials.

via ABC News|

#alzheimers-treatment #coverage-denial #healthcare

healthcare2 years ago•0 min saved

The ACA legal battle's impact on HIV prevention

The legal battle over the Affordable Care Act's mandate for private insurers to cover preventive services, including HIV prevention drugs, could have a significant impact on accessibility to these medications, which can cost up to $6,000 for a 90-day supply. This high price makes it unaffordable for many individuals who could benefit from them.

via PBS NewsHour|

#affordable-care-act #drug-accessibility #healthcare

healthcare2 years ago•8 min saved

Private Insurers Take Charge of Medicare's Hospice Experiment

Medicare is testing a new approach to hospice care by allowing private insurers to run it, giving them more flexibility to reduce costs and expand access. The traditional hospice program has remained largely unchanged since its debut in 1983, and concerns about access, fraud, and costs have led to the federal pilot project. The experiment involves several thousand patients in its first year, but it is likely to eventually become national policy and reshape the hospice care available to roughly 30 million Americans. The pilot has already shown some insurers slashing payment rates by up to 12% and expanding eligibility criteria.

via NPR|

#costs #eligibility #healthcare