Independence Blue Cross, one of Southeastern Pennsylvania’s largest health insurance companies, is looking to expand into the Medicaid market. The company has been spending millions of dollars in the effort to carve out a larger share of the market. The Medicaid market has become a popular target for health insurers looking to offer affordable coverage to those that have fallen on hard economic times. Independence Blue Cross already holds a prominent place in this particular market, but is looking to further its hold as the market grows more lucrative. Michigan’s…
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American Medical Association gives the health insurance industry a poor grade in new report
The American Medical Association has announced disturbing finding regarding the nation’s health insurance companies. The AMA has released their latest National Health Insurer Report Card, which is a report that informs both the public and the health care industry about the accuracy insurance claims processing. Last year, the report found that nearly one in five of claims received by insurers had been processed incorrectly. The AMA had hoped that their report would spur health insurer to make changes to how they process claims. The latest report, however, shows that little…
Read MoreMore small businesses are offering health care coverage
There has been a recent increase in group health insurance plans offered by small business owners. This is due in part from the introduction of federal tax credit enticement from last year’s health care reform. In the fourth quarter of 2010, Blue Cross and Blue Shield of Florida Inc. saw a five to six percent increase in group health insurance and this trend is continuing in 2011. BCBS senior director of external communication, John Herbkersman, agrees that there is quite a bit of interest in coverage options from small businesses.…
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