Live Insurance News

Government vs. Private: Who’s Really Paying for Your Weight-Loss Meds?

November 19, 2024November 18, 2024 Logan B.

In recent years, weight-loss meds like Novo Nordisk’s Wegovy and Eli Lilly’s Zepbound have gained significant attention in the United States. These drugs belong to a class known as GLP-1 medications, primarily developed for diabetes management but increasingly used for weight loss. As demand for these treatments rises, understanding the landscape of insurance coverage for these drugs becomes crucial for consumers. Weight-Loss Meds Insurance Coverage Overview Insurance coverage for GLP-1 weight-loss drugs is complex and varies significantly across different plans. While government-funded programs like Medicaid and those covering federal, state,…

WA Cares Survives: A Victory for Public Long-Term Care Insurance in the US

November 11, 2024November 10, 2024 Ben Jones

Washington State Upholds Innovative Long-Term Care Insurance Program In a decisive move, voters in Washington State have chosen to uphold the state’s pioneering long-term care insurance program, WA Cares. This decision comes after the rejection of Measure 2124, a ballot initiative aimed at dismantling the program. WA Cares stands as the first of its kind in the United States, offering residents up to $36,500 in long-term care benefits, with adjustments for inflation. The program is funded through a payroll tax surcharge of 0.58 percent, impacting all workers in the state.…

Bernie Sanders is returning donations in violation of private insurance pledge

July 23, 2019July 20, 2019 G. Turner

Private insurance - Hand holding US dollars

After calling on 2020 Democratic opponents to do so, he will also return donations against his pledge. Bernie Sanders’ campaign has announced his intention to return donations violating his pledges regarding private insurance and pharma money. The move was made after Sanders called on his Democratic 2020 opponents to do the same thing. In Bernie Sanders’ pledge regarding private insurance and pharma, he called for 2020 Democratic campaigns to decline or return donations involving: “contributions over $200 from the PACs, lobbyists, or executives of health insurance or pharmaceutical companies.” He…

Deposit insurance fund may soon be coming to China

December 12, 2013December 9, 2013 H. Cutner

The central bank in the country could be assembling this fund as soon as 2014. As a step toward the establishment of an independent deposit insurance company, the central bank in China will likely be assembling a fund of that nature within the next year so that it will be prepared to provide the necessary coverage when its new product arm is ready to launch Although this action has yet to be officially confirmed, the news has been leaked by several unnamed sources. These sources, close to the central bank,…

Healthcare reforms from White House encouraging Medicaid expansion

March 26, 2013March 25, 2013 G. Turner

Health insurance care reform confusion debate

The states are being persuaded to broaden their programs for providing coverage to the poor. The federal government is reissuing its encouragement to the states – particularly those where officials are skeptical about Medicaid expansion – to broaden that program through the use of federal healthcare reforms money to subsidize private insurance coverage purchase for individuals within the low incomes. This offer being proposed by the federal government was not a model that was originally part of the new law. At the same time, Kathleen Sebelius, the Health and Human…

Demand for breast pumps soars under Obamacare

January 8, 2013January 8, 2013 Marc

Breast Pumps Obamacare insurance coverage

Stories about organizations fighting the clause in the new Affordable Care Act or referred to as Obamacare which requires companies to cover birth control have dominated the headlines as of late, but a lesser known clause is causing a scramble to provide new mothers with breast pumps. Small clause creates big stir Some of the ACA clauses and conditions kicked in January 1, 2013. One of these is a requirement that breast pumps are covered by insurance companies. New mothers can get free consultations with lactation experts at no…

Medicaid report shows little difference from the private sector

November 21, 2012April 30, 2013

Medicaid offers nearly identical level of coverage As health insurance in the U.S. continues to be a controversial issue, the Government Accountability Office, the investigative arm of Congress, has released a new report concerning the much-debated Medicaid program. Under the Affordable Care Act, which was passed in 2010, states are required to expand the accessibility of their Medicaid programs. These states are meant to receive some degree of aid from the federal government, but many have opposed the notion of expanding their programs due to the high costs that would…