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Healthcare Cyberattacks: Protecting Facilities with the Right Insurance Partner

Atlanta, Georgia – Health care facilities in the United States face an increasing risk of cyberattacks, with hackers targeting vulnerable systems for financial gain. The need for enhanced cybersecurity measures and comprehensive insurance coverage is essential in protecting hospitals and other healthcare organizations from malicious cyber threats. Cybercriminals view health care networks as lucrative targets due to the vast amount of sensitive information they store, making them susceptible to ransomware attacks. Stephanie Snyder Frenier, SVP …

Insurance Legislation in Missouri Raises Concerns Over Consumer Protections and Coverage adequacy

Jefferson City, Missouri – A controversial legislation allowing the Missouri Farm Bureau to sell health insurance plans that bypass certain federal regulations is causing concern among critics who fear it may leave consumers vulnerable without adequate protections or coverage. The bill, already approved by the Missouri House and awaiting a Senate committee hearing, permits the Farm Bureau to offer health plans that do not comply with the rules outlined in the Affordable Care Act, commonly …

Healthcare Clash: Trump vs. Biden on Insurance Coverage, COVID Response, and Drug Prices

Washington, D.C. – The stark contrast between former President Donald Trump and current President Joe Biden on health care issues highlights a key difference between the two major presidential candidates. Over the past four years, Biden has championed the Democratic Party’s longstanding goal of ensuring universal health insurance coverage through government intervention. In contrast, Trump pursued a more traditional GOP approach aimed at dismantling such coverage, ultimately falling short in his efforts. The response to …

Mary Lou Retton’s Lacking Health Insurance Draws Questions During Hospitalization

Hoffman Estates, IL – Former Olympic Gold Medalist in Women’s Gymnastics, Mary Lou Retton, recently discussed her month-long hospitalization due to a rare and potentially life-threatening form of pneumonia on the “Today” show. During her appearance, Retton revealed details about her hospital ordeal, including the moment when she nearly required life support. However, Retton was not questioned by co-host Hoda Kotb about certain factors, such as why she did not have health insurance at the …

Biden Administration Targets Short-Term Health Insurance Plans in Effort to Protect Consumers

Washington D.C. – The Biden administration recently announced plans to revise short-term health insurance policies, a reversal of a key aspect of former President Donald Trump’s healthcare agenda. Under the newly finalized rule, short-term health insurance plans will now be limited to three months with an option for a one-month renewal. These plans, known for their lower monthly premiums but limited coverage, previously allowed consumers to remain on them for up to three years. Critics …

Insurance Dispute Between ProMedica and Cigna Leaves Ohio Patients Uncertain

Toledo, Ohio – The contract between ProMedica, a healthcare provider in northwest Ohio, and Cigna Insurance came to an official end on Monday, April 1, 2024. This termination has left many Ohio patients with Cigna commercial insurance concerned about potentially having to cover 100% of billed charges for services provided by ProMedica out-of-network facilities and PPG providers. Despite the contract coming to an end, both companies are still in discussions to find a resolution, which …

Insurance Stocks Take a Hit as Medicare Increases Rates by 3.7%

Orlando, FL – The Centers for Medicare and Medicaid Services (CMS) recently approved a 3.7% payment rate increase for Medicare Advantage plans for the 2025 calendar year. This decision had a significant impact on leading health insurance managed care stocks, causing a sharp decline in stock prices for companies like Humana, CVS Health, and UnitedHealth Group. Investors were surprised by the modest 3.7% rate increase, as many had anticipated a larger hike to help offset …

Insurance Landscape Shift in Kansas Marketplace for 2024: Cigna Out, Aetna In

Topeka, Kansas – The landscape of health insurance plans in Kansas for 2024 is shifting, with changes in offerings from key insurers impacting the choices available to consumers. Cigna Health and Life Insurance Company’s decision not to offer plans in Kansas for 2024 has contributed to a decrease in the number of health plans on the marketplace. Additionally, Aetna Life Insurance Company, a newcomer to the Kansas marketplace for 2024, is offering a limited selection …

Insurance Stocks Plunge as US Regulators Hold Firm on Medicare Payments

New York, NY – Health insurance stocks experienced a significant drop in late trading on Monday following the unexpected decision by US regulators to keep payments for private Medicare plans steady for 2025. This move by President Joe Biden’s administration marks a departure from recent practices, catching Wall Street off guard. According to research from JPMorgan Securities analysts, final rates have typically improved from regulators’ initial proposals over the past decade, making this decision a …

Medical Practices Innovate to Bridge Traditional Care Gaps Without Insurance

Marquette, Michigan – In the current landscape of healthcare, private pay medical practices are stepping in to address the gaps left by traditional care and insurance. These practices are offering a unique approach to healthcare delivery that focuses on personalized care and convenience for patients. As the cost of healthcare continues to rise and insurance coverage becomes more complex, many individuals are turning to private pay practices for their medical needs. These practices often offer …