Government Health Insurance Markets Holding Up--Barely

U.S. News

FILE - In this Tuesday, Oct. 1, 2013, file photo, Alan Leafman, center, president of Health Insurance Express, Inc., helps Raquel Bernal, right, and her husband John Bernal, both of Apache Junction, Ariz., navigate the nation's health care insurance system online at the Health Insurance Express store in Mesa, Ariz. Enough insurers are planning to sell coverage through the Affordable Care Act in 2018 to keep the market place working, if only barely, in most parts of the country. However competition in many markets has dwindled to one insurer, or none in some cases, and another round of steep price hikes is expected to squeeze consumers who don't receive big income-based tax credits to help pay their bill.


The Insurance Industry Is Dead... Long Live the Insurance Industry

Forbes Technology

The health insurance industry as we know it is dead. No matter how much the behemoths of the sector defend their current positions and attempt to catch up with the disruptors, their hegemony is over. Whether it's updating ancient or legacy systems, inherited technology from acquisitions or bolting IoT products on to insurance policies such as Fitbit or black boxes monitoring data in vehicles, the end is nigh for these companies. Crowdfunding, going'mutual', easy-profit philanthropy, PR budgets that make the mind boggle, none of it is working. The so-called InsurTech industry in many ways resembles the FinTech revolution.


The Insurance Industry Is Dead... Long Live the Insurance Industry

Forbes Technology

The health insurance industry as we know it is dead. No matter how much the behemoths of the sector defend their current positions and attempt to catch up with the disruptors, their hegemony is over. Whether it's updating ancient or legacy systems, inherited technology from acquisitions or bolting IoT products on to insurance policies such as Fitbit or black boxes monitoring data in vehicles, the end is nigh for these companies. Crowdfunding, going'mutual', easy-profit philanthropy, PR budgets that make the mind boggle, none of it is working. The so-called InsurTech industry in many ways resembles the FinTech revolution.


From Anthem to Aetna, major health insurers are leaving ObamaCare marketplace

FOX News

Anthem, one of the largest health insurers in the U.S., announced Monday that it will not offer plans through the Affordable Care Act's insurance marketplace in Nevada next year. The insurer also is expected to drastically scale back the plans it offers in Georgia, leaving only some insured in rural counties that otherwise would be left without coverage. With the removal of Anthem, there are 14 counties in Nevada that will not have health insurance for individuals, according to Fox Business. "Planning and pricing for ACA-compliant health plans has become increasingly difficult due to a shrinking and deteriorating individual market, as well as continual changes and uncertainty in federal operations, rules and guidance, including cost sharing reduction subsidies and the restoration of taxes on fully insured coverage," Anthem said in a statement Monday. Analysts said four months ago that the insurance company was expected to exit a "high percentage" of its plans in the 144 regions where it participated.


Behind the Scenes, Health Insurers Use Cash and Gifts to Sway Which Benefits Employers Choose

Mother Jones

This story was originally co-published by ProPublica and NPR's Shots blog. The pitches to the health insurance brokers are tantalizing. "Set sail for Bermuda," says insurance giant Cigna, offering top-selling brokers five days at one of the island's luxury resorts. Health Net of California's pitch is not subtle: A smiling woman in a business suit rides a giant $100 bill like it's a surfboard. "Sell more, enroll more, get paid more!" In some cases, its ad says, a broker can "power up" the bonus to $150,000 per employer group. Not to be outdone, New York's EmblemHealth promises top-selling brokers "the chance of a lifetime": going to bat against the retired legendary New York Yankees pitcher Mariano Rivera.