Health Insurance Industry News
A collection of Health Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Health insurance CEOs point fingers over soaring health care costs
Some of the nation's top health insurance executives sought to deflect blame for the soaring cost of health care in the U.S., arguing that rising hospital and prescription drug prices were driving premiums higher and making health care less…
US health insurance executives testify before Congress about increasing costs of healthcare
Executives from five of the country's largest health insurance companies appeared before Congress on Thursday as lawmakers examined why healthcare has become increasingly harder for Americans to afford. In one effort to address the affordability…
Health insurance executives grilled by House GOP and Democrats
Total healthcare spending rose by 7.2% in 2024 to more than $5.3 trillion, according to the Centers for Medicare & Medicaid Services. Healthcare spending accounted for 18% of the United States's gross domestic product in 2024. Energy and Commerce…
Health insurance CEOs grilled on high costs of care in back-to-back House hearings
WASHINGTON — Lawmakers on both sides of the aisle pressed health insurance CEOs on premium hikes, prior authorization rules and claim denials in back-to-back House committee hearings Thursday, zeroing in on how the insurers' decisions are…
Health insurance CEOs to appear before House committees as premiums soar
The CEOs of five major health insurers are set to face a grilling from members of Congress on Thursday as House Republicans seek to place blame for rising health care costs. The back-to-back hearings before the Energy and Commerce and the Ways and…
Health insurance, takaful costs calculator coming soon, says Dr Dzul
Nation KUALA LUMPUR: Patients will soon be able to make more informed decisions about their insurance and private healthcare costs with tools such as a health insurance calculator. Health Minister Datuk Seri Dr Dzulkefly Ahmad said insurance and…
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Health Insurance Plans: 'Cashless Network' vs 'Network Hospital' - Why the Wording Matters
Many people assume that if a hospital is listed in the insurer's network, the treatment will automatically be cashless. In practice, network hospitals and cashless networks are not always used in the same way, and this terminology can affect…
Why health insurers face new pressure from GOP on affordability
Health insurers are feeling political heat as Republicans try to shape the affordability narrative and counter Democratic messaging on health care costs. Why it matters: President Trump and his allies have been increasingly assailing health plans…
Farmers Now Owe a Lot More for Health Insurance
This article is from a partnership that includes the Gulf States Newsroom, NPR, and KFF Health News. It can be republished for free. Last year was a tough one for farmers. Amid falling prices for commodity crops such as corn and soybeans, rising…
Health insurance execs shift blame for costly, confusing health care system
Health insurance executives agree that the U.S. health care system is overpriced, wasteful, and confusing. And they also agree that those problems are someone else's fault. On Thursday, the CEOs of America's largest health insurance companies…
Video: Vermonters Struggle With Rising Health Insurance Costs, and Some Are Going Without
Kathleen Gill, 35, and her husband, Daniel Fifield, 38, have dangerous jobs working with large animals: She is a mobile equine veterinarian; he's a dairy farmer. The Cornwall residents have both been hurt on the job and need health insurance. But…
3,200 complaints lodged with Financial Markets Ombudsman in first year
KUALA LUMPUR: Some 3,200 complaints have been received by the Financial Markets Ombudsman Service since its inception a year ago, the Dewan Rakyat was told. Of the total, 2,268 complaints were resolved through mediation and adjudication, the…
Big Insurers Try to Shift Blame for High Health Costs to Hospitals and Drug Makers
In response to palpable, bipartisan frustration among lawmakers over soaring costs for medical care, the chief executives of the country's largest health insurers on Thursday attempted to place the blame on others, namely hospitals and drug makers.
Cigna Sees Up to $600 Million Earnings Hit From Pharmacy Plan
Cigna Group 's plan to end drug rebates will reduce earnings by $500 million to $600 million, the company's chief executive officer said at a congressional hearing Thursday in which the country's biggest health insurers were grilled about…
'Punch in the gut': West Virginia woman tells Congress her Obamacare premium jumped 323%
A West Virginia woman told lawmakers Tuesday that her Obamacare premium jumped 323%, calling the increase a 'punch in the gut' as Congress grilled health insurance CEOs over rising costs and the future of the Affordable Care Act. 'Last month, I did…
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