Live Insurance News

Health insurance provider has big plans for exchanges in 2015

July 22, 2014July 19, 2014 S.Vagus

UnitedHealth Group plans to participate in more exchanges next year UnitedHealth Group, the largest provider of health insurance in the U.S., will be playing a much larger role in the country’s insurance exchanges. The insurer had initially been wary of the exchanges, unsure whether or not these digital marketplaces would find any traction with consumers. While exchanges had a turbulent launch, they managed to capture a massive portion of the insurance market, proving that they can be valuable platforms for companies like UnitedHealth. Insurers to offer policies in 24 insurance…

Insurance company sues California commissioner

July 14, 2014July 12, 2014 G. Turner

UnitedHealth Group has now filed a lawsuit with the intention of blocking a fine of $173 million. In order to try to stop itself from having to pay a $173.6 million fine as a result of an acquisition that went awry, the UnitedHealth Group insurance company has now sued the California insurance commissioner. The filing of the lawsuit was at the Orange County Superior Court near the end of last week. According to the insurance company, which is headquartered in Minnesota, the California commissioner, Dave Jones, is doing little more…

Three large insurers opt out of California health insurance exchange

May 27, 2013May 28, 2013 Marc

Health insurance companies choose to opt out of exchange program California’s health insurance exchange, called Covered California, is beginning to take shape as it inches closer to becoming fully active at the end of this year. The exchange has been accepting policy applications from numerous health insurance companies throughout the state, all of which seem eager to participate in the exchange system. Three of the state’s largest insurers, however, have decided to opt out of the exchange program, at least for the first year of its operation. Decision could limit…

Loophole could help health insurance companies avoid Affordable Care Act

April 11, 2013April 10, 2013 Logan B.

Health insurance companies may find major benefit in loophole in federal law Health insurance companies throughout the U.S. have been working to find ways to avoid the costly implications associated with the federal Affordable Care Act. There are several provisions associated with the federal law that are expected to have a major impact on the cost of health insurance coverage, largely due to the fact that these provisions institute more regulations on insurers. Some health insurance companies seem to have found a possible way to avoid complying with the federal…

Health insurance giant sees massive spike in quarterly profits

October 17, 2012October 17, 2012 H. Cutner

UnitedHealth has announced its Q3 results with a tremendous jump of 23 percent. The largest health insurance company in the United States, UnitedHealth Group Inc. has released a statement of its third quarter earnings, and has shown that the strength of its Medicaid and Medicare business growth has led to a boost of 23 percent in its profits. The report also indicated that the overall medical claims costs appeared to be primarily as predicted. The health insurance company, which is based in Minnetonka, Minnesota, has now increased its forecasts for…

Three large health insurers decide to uphold health care reform provisions despite fate of Affordable Care Act

June 12, 2012 S.Vagus

Insurers rally to support provisions of Affordable Care Act The future of health care reform currently resides in the hands of the Justices of the U.S. Supreme Court. The Court is expected to levy a judgment as to whether the Affordable Care Act is constitutional or not this month, which is expected to have a major impact on the state of the country’s health insurance industry and health care reform initiatives. Many consumers have expressed disdain for the law because of a provision concerning mandatory health insurance. The law holds…

UnitedHealth launched new initiative to make hearing aids available to more Americans

October 4, 2011May 8, 2013

The UnitedHealth Group, one of the largest health insurance companies in the U.S., has announced that it will begin offering hearing aids as part of its myriad of health care products. The company has introduced four different kinds of hearing aids each made by IntriCon Corp., a manufacturer of small medical devices. UnitedHealth has begun offering hearing aids as part of a way to promote Medicare enrollment. The company will be offering hearing aids for eligible Medicare plan members at retail prices, which will be lower than prices found outside…