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Archive for September, 2009

Medicare Advantage Outperfoms Traditional Medicare Fee for Service in Hospital Readmissions, Emergency Room Visits and Preventable Hospital Admissions

Posted in All, News on September 4, 2009 | 4 Comments »

Here is a link to the blog post.  The study was authored by Gerard Anderson, PhD, Professor and Director, Center for Hospital Finance and Management, Johns Hopkins University, and commissioned by the Alliance of Community Health Plans. The study of the ACHP Health plans found, across the board, that the ACHP Medicare Advantage plans studied outperfomed [...]

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Impact of CMS Capitation Rate Cuts on 2010 Medicare Advantage Premiums and Benefits

Posted in All, News on September 2, 2009 | 2 Comments »

The first stories are coming out now on the massive impact the 2010 CMS Capitation rate reduction is going to have on 2010 Medicare Advantage plan premiums and benefits. Here is a blog posting from US News and World Report.  This interviewee does a pretty good job of explaining the impact on the 11 million [...]

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White House Seen Shifting Away from Government Run Health Insurance Option

Posted in All, News on September 2, 2009 | Leave a Comment »

This came out this afternoon on the Politico.  I’m starting to get a bit dizzy of the back and forth on the “Public Option” but it seems that there are some tangible reforms which can be made without the necessity of starting up a Government-run Health Insurance Company.

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Sterling Investors to Discontinue Advanced Commissions Effective 9/10/09

Posted in All, Medicare Supplement, Sterling Investors on September 2, 2009 | Leave a Comment »

Sterling Investors will no longer advance commissions on monthly check-o-matic premiums effective 9/10/2009.  This includes all products:  Medicare Supplement, Medicare Select, Convalescent Care and Final Expense. See the Sterling Investor’s Commissions page for more info on Sterling’s Commissions.

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Health Insurers Set up Shop in a Mall Near You

Posted in All, Individual Major Med, News on September 1, 2009 | Leave a Comment »

It may seem a little paradoxical in the “internet age” that health insurance companies are setting up “retail” locations in malls to help passers by purchase individual health insurance.  While this article indicates that about 1% of the individual market is purchasing insurance from retail locations, this seems to be a growing trend.  Insurers may [...]

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Government Run Health Insurance Debate Rages on YouTube

Posted in All, News on September 1, 2009 | 3 Comments »

Thanks to Rick Bronstein for alerting me to this video and the rebuttal.  This might be worth your time to watch. . .educational and entertaining, as well.  There are plenty of additional points I could add, but the one of the most annoying things to me is when people link “administrative overhead” to efficiency.  You need [...]

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Wall Street Journal Report on Outlook for CVS Caremark, Parent of SilverScript Insurance Company

Posted in All, Part D, SilverScript on September 1, 2009 | Leave a Comment »

On Sunday, the Wall Street Journal Online, reported on the healthy outlook for CVS Caremark’s retail business and Pharmacy-Benefit-Management (PBM) unit.  You can view the article on the WSJ.com website here. Recently, I blogged about the new relationship Ritter Insurance Marketing formed with SilverScript, a CVS Caremark subsidiary.  You can learn more about SilverScript by [...]

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Conseco Announces Plan to Consolidate Insurance Subsidiaries to Build Capital

Posted in Conseco Insurance Company on September 1, 2009 | Leave a Comment »

Click here to view the entire Press Release. Conseco will be attempting to merge two of it’s insurance subsidiaries, Conseco Insurance Company and Conseco Health Insurance Company into a third subsidiary, Washington National Insurance Company (“WNIC”).  This is subject to approval by regulators in Arizona, California and Illinois. The intent is to reduce administrative costs [...]

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AM Best Withdrawals Public Data Ratings Assignments on 134 US Health Insurers Including Health Maintence Organizations (HMO) and Blue Cross and Blue Shield (BCBS) Plans

Posted in News on September 1, 2009 | Leave a Comment »

AM Best stopped providing financial ratings on 134 Health Insurers where they had relied on Public data to support financial ratings.  Among the group were closely held corporations and not-for-profit organizations.  The AM Best Press Release also cited lower margins, decreasing group sizes, Medicare Advantage cuts and the potential impact of health care reform.  View [...]

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