The Obama administration introduced the Affordable Care Act (ACA) in an attempt to temper medical cost inflation and decrease the uninsured rate. For this reason, industry research firm IBISWorld has updated a report on Health & Welfare Funds. NEW YORK, Dec. 29, 2016 /PRNewswire/ — The industry provides healthcare coverage and welfare-related benefits to employees, unions and other professional associations. Thus, …

New Aon data reveals health care issues that are top of mind for employers in the wake of the election LINCOLNSHIRE, Ill., Nov. 18, 2016 /PRNewswire/ — With the results of the 2016 election now in the record books, Congress and the president are set to engage, for the second time in less than a decade, in a debate over …

Strengthens Medicare Advantage Business in Key Markets Positions Company for Growth with Addition of High-Quality Medicare Advantage Plans Transaction Expected to be Accretive to Earnings TAMPA, Fla. and WHITE PLAINS, N.Y., Nov. 17, 2016 /PRNewswire/ — WellCare Health Plans, Inc. (NYSE: WCG) and Universal American Corp. (NYSE: UAM) announced today that they have entered into a definitive agreement under which WellCare …

ARLINGTON, Va., Nov. 15, 2016 /PRNewswire-USNewswire/ — A report by the National Alliance on Mental Illness (NAMI)  reveals new information about the gap between health insurance coverage of mental health and substance abuse conditions and that of other medical conditions. Out-of-Network, Out-of-Pocket, Out-of-Options: The Unfulfilled Promise of Parity focuses specifically on the limits of in-network mental health care providers and excessive …

Bryon Ehrhart , Global Head of Strategic Growth & Development at Aon Benfield, discusses the threats and opportunities in today’s insurance market. Mr. Ehrhart says the threats do not surround the same issues faced 20 years ago after Hurricane Andrew and the Northridge Earthquake.  Now that the industry has managed the risk down to lower levels of earnings and capital, …

Largest workforce segment showing strong desire for broad benefits, simplified enrollment experiences COLUMBUS, Ga., Oct. 4, 2016 /PRNewswire/ — Millennials now represent the largest segment of the U.S. labor force (53.3 million), and they have strong feelings about the compensation and other benefits they expect their employers to offer. Nearly two-thirds (65 percent) of millennials expect an annual raise, followed by …

LONDON, September 20, 2016 DavidShield won the prestigious Expatriate Management and Mobility Award (EMMA), recognizing best practice and outstanding contribution in global mobility, at the FEM APAC Summit held at the Orchard Hotel in Singapore on September 8, 2016 DavidShield, a privately-held Managing General Underwriter and Administrator (MGU/MGA) and a leader in expatriate health insurance, announced today that its DavidShield …

In highlights from a recent “First Monday” episode, A.M. Best Managing Director, Analytics Greg Carter discusses the top issues affecting the European insurance markets, including technology, product design and regulation. According to Mr. Carter, there are several overarching issues impacting the UK and Europe markets, including the fragile economies in the Eurozone amid shifting regulations. He sees long-term opportunities for insurers …

In highlights from A.M. Best’s First Monday series, A.M. Best Senior Financial Analyst Thomas Zitelli and Financial Analyst Frank Walko discuss how the U.S. Life/Health insurance market performed in 2014, exploring positive retirement market trends amid interest rate and reinvestment risks. While the Life/Health industry demonstrated the ability to handle its business very well during a slow growth environment, it …

Jay Sheehy, Global Head of Health Consumer Business at AIG, spoke with WRIN.tv about the aging population and its impact on the health insurance market during the 2015 Global Insurance Forum in New York. It is a growing issue for governments and the insurance industry around the globe. Mr. Sheehy points to a number of trends affecting health and populations …

eHealth, the online health insurance broker, is cutting about 15% of its workforce. eHealth has seen lower than expected membership in its individual and family health business. Pretax restructuring charges could reach as much as $4.7 million

Health insurance giant Anthem was the target of an external cyber attack, which compromised personal member information including names, birthdays, social security numbers, addresses and employment information. Anthem said there is no evidence that credit card or medical information was compromised. Attorneys general… in several states… are investigating.  

In a recent edition of First Monday, Sally Rosen, Assistant Vice President Life/Health, discussed the rationale for A.M. Best’s “Stable” outlook for the Health insurance segment. According to Ms. Rosen, “2014 was the first year…where many aspects of the Affordable Care Act came together…Overall. Health insurer earnings remain favorable…most have remained adequately or more than adequately capitalized for the level …

Monday Morning Headlines are compiled by SNL Insurance and produced by WRIN.tv as a weekly video digest of the news making headlines in the U.S. Insurance industry.  In this edition of Monday Morning Headlines: Lawsky seeks information from NY insurers on impact of TRIA expiration Lack of natural catastrophe activity keeps pressure on pricing Willis Re: Challenging conditions for reinsurers at January renewals 2014’s top insurance …