Tag: health insurance coverage

Why are many people looking to long term care insurance again in 2024

Nordstrom
Long term care insurance 2024

Consumers have been drifting away from this costly coverage in recent years but are looking into it again. Long term care insurance is a type of coverage that many people have been abandoning in recent years due to the skyrocketing cost associated with keeping it up. That said, this year, consumers are starting to inquire about it once more, which many people hadn’t expected in the current economy. There are many reasons that consumers are wondering if this type of policy has value after all. Within the current economy, many…

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Many kids in the US don’t have health insurance or are underinsured

Marc
No health insurance for kid

A recent study showed that children across the country have inconsistent medical coverage. Kids with public health insurance in the United States are experiencing greater rates of inconsistent coverage, though lower rates of underinsurance when compared to those covered on the private market, said a recent study published in the JAMA Health Forum. The results of the study were based on an analysis of data from 203,691 children in the US. The health insurance research was conducted by a team from Columbia University Mailman School of Public Health under Jamie…

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All undocumented immigrants in California offered health insurance

Logan B.
Health insurance - California coverage

This makes California the first state in the country to implement such a regulation. California has become the first state in the country to offer health insurance to all undocumented immigrants. The coverage is available as of January 1 and represents a first anywhere in the country. Beginning this year, all undocumented immigrants in California will be able to qualify for Medi-Cal, which is the state’s version of the health insurance. This is true regardless of the age of the individual. Until last year, undocumented immigrants could not qualify to…

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Number of Pennsylvania kids without health insurance rose by 19,000 last year

Marc
Pennsylvania Health insurance - Kids in shadow reaching for sky

From 2021 to 2022, the uninsured rate among children in the state saw a sharp spike. Pennsylvania is among only three states in the country in which the percentage of children without health insurance rose from 2021 to 2022. The data was released by the Pennsylvania Partnerships for Children in a report on the subject. The data doesn’t appear all that worrying at first glance. The increase in kids without health insurance rose by 4.4 percent in 2021 and by 5.2 percent in 2022. That said, that small shift in…

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Cigna insurance company ends its Humana acquisition intentions

Logan B.
Insurance Company - Acquisition Cancelled

The insurer is now developing a $10 billion share buyback plan after a failure to agree on a price. Health insurance company Cigna has ceased its pursuit of a negotiation for acquisition of its rival insurer Humana. The company left its efforts when the two insurers were unable to agree on price. Cigna announced that it is working on plans for buying back $10 billion worth of shares. The health insurance company resulting from an acquisition of Humana by Cigna would have resulted in an insurer with an estimated value…

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Many lapsed Medicaid recipients will enroll in ACA health insurance plans

Logan B.
Health insurance - Affordable Care Act Form

Experts and insurers have predicted that after losing old coverage, there will be an influx of policy shopping. Health insurance companies and advisors alike are preparing for a notable surge of consumers looking for assistance in navigating Affordable Care Act enrollment after having lost Medicaid coverage in 2023. As of April, this year, the extensions for coverage that were put into place during the pandemic ended. Beginning April 1, 2023, the Medicaid and Children’s Health Insurance Program (CHIP) coverage extensions that were put into place throughout the worst of the…

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Health insurance could soon cover weight loss drug Wegovy

G. Turner
Health Insurance - Pills wrapped in measuring tape

Novo Nordisk announced that the highly popular drug could have expanded FDA approval in six months. Novo Nordisk recently announced that its headline-making weight loss drug Wegovy could receive expanded US Food and Drug Administration (FDA) approval within six months, opening the door to much more readily available coverage by health insurance plans. The drug is already highly sought-after, but is not necessarily covered by most policies. Novo Nordisk’s chief financial officer Karsten Munk Knudsen said that the company’s application for approval of Wegovy as a cardiovascular disease reduction medication…

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