Insurers selling policies in and out of the Connecticuts Affordable Care Act Exchange are asking for an average 12.4% increase on individual health plans in 2024, lower overall than last year but still higher than last year’s. previous years. On small group policies, insurers have asked for an average rate hike of 14.8%, the same as in 2022. The state insurance department released the proposed hikes on Friday. Last year, the companies called for an average 20.4 percent hike on individual health plans, a move one health care advocate called…
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The future of health insurance: SMEs at risk from rising costs
Small and medium-sized enterprises (SMBs) across all sectors and geographies have demonstrated their agility and adaptability in the face of the largest pandemic in living history, pivoting on business models and delivery methods to keep them afloat in the face to the growing public restrictions. Three years after adjusting to a significant business disruption, many markets around the world are seeing increases in corporate health insurance prices, a trend that appears to be more prevalent for SMBs. Medical costs on the rise Healthcare costs are rising in most regions. Over…
Read MoreXSOLIS sponsor, will speak at America’s Health Insurance Plans 2023 conference
The company’s recent paying customer growth of 177% culminates with the main stage AHIP session sharing how the industry can save up to 35 billion dollars with collaborative platforms NASHVILLE, Tenn., June 8, 2023 /PRNewswire/ — XSOLIS, the artificial intelligence (AI) technology company building a more efficient healthcare system, today announced that Chief Medical Officer Dr. Erica Bassett and vice president of payment strategy Michael Drscher will speak at the ongoing America’s Health Insurance Plans (AHIP) 2023 conference 13-15 June 2023In Portland, Oregon. In their main stage session June 15Dr.…
Read MoreThe Coverage Reshuffle: Health Insurance Projections and Health Spending, 2023-33 | AdvantagesPRO
By Alan GoforthJune 08, 2023 at 08:44 The end of COVID continuing coverage requirements for Medicaid and the expiration of enhanced Obamacare premium subsidies after 2025 will affect both spending and sources of coverage, the Congressional Budget Office says. The end of COVID continuing coverage requirements for Medicaid and the expiration of enhanced Obamacare premium subsidies after 2025 will affect both health spending and sources of coverage. The Congressional Budget Office in late May released its latest estimates for Americans under the age of 65. By 2033, the uninsured rate…
Read MoreHealth Insurance Claim Denials Are On The Rise And Getting Weirder | Expert opinion
Millions of Americans in recent years have stumbled upon this experience: filing a claim for health insurance that once might have been paid immediately but instead is just as quickly denied. If insurers’ experience and explanation often seems arbitrary and absurd, this could be because companies seem increasingly willing to employ computer algorithms or people with little relevant experience to issue rapid-fire claim denials sometimes packets at the time without reviewing the patient’s medical records. One job title in one company was denial nurse. It’s a practical way for insurers…
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