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Archive for May 12th, 2009

CBS Evening News Spot on the Healthcare Company’s Promise to Cut Healthcare Costs over next 10 years

Posted in News on May 12, 2009 | 9 Comments »

Here is a link to the Video Clip:  http://www.cbsnews.com/video/watch/?id=5007497n Essentially, the plan is to reduce expected growth by 1.5% per year each and every year over the next 10 years.  Based on current Health Care Spending in the United States, this would result in the $2 trillion less in Health Care Costs. This would not [...]

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California Department of Insurance Announces Fee Reduction and Paperless Online License Retrieval

Posted in California on May 12, 2009 | Leave a Comment »

Here is the Bulletin from the CDI which implements two licensing changes effective July 1st, 2009.  Click here for bulletin: Paperless License Fees

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WellCare Posts a loss in Q1 2009

Posted in Wellcare on May 12, 2009 | 3 Comments »

Wellcare posted a $36.9 million loss for the first quarter of 2009.  The loss was due to higher Medical Expenses, one time charges and lower investment income. Last week Wellcare announced that they would be exiting the Private Fee for Service Medicare Advantage Marketing in 2010.  Although management doesn’t segment out PFFS versus Networked MA versus [...]

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