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Commonwealth Bank boss admits insurer wrong on heart attack claims
2016-03-05 06:47:26| Automakers - Topix.net
The chief executive of Australia's largest bank has admitted its CommInsure insurance business had used an outdated and discredited definition of a severe heart attack to deny some claims from clients, and said he would apologise to any customers who were adversely affected. "I am saddened and disappointed by the handling of these cases," Commonwealth Bank of Australia Chief Executive Ian Narev said in a statement on Saturday.
Insurer warnings cast doubt on ACA exchange future
2016-02-26 17:43:53| Beverages - Topix.net
In this Oct. 6, 2015, file photo, the HealthCare.gov website, where people can buy health insurance, is displayed on a laptop screen in Washington. Health insurers are reporting steep losses from their business on the Affordable Care Act's insurance exchanges and some are considering dropping the business.
Tags: future
exchange
cast
doubt
Big health insurer defections signal AHIP's fading clout
2016-01-12 08:04:07| Beverages - Topix.net
Aetna Inc.'s departure from AHIP months after UnitedHealth Group Inc. bolted is further evidence that the large national insurers are increasingly happy to fight their own battles on Capitol Hill. Managing members of a trade group is often like herding cats.
Tags: health
big
signal
fading
Stamford insurer sells line to Swiss Re
2016-01-06 17:51:53| IT Services - Topix.net
Independence Holding is selling its IHC Risk Solutions "stop-loss" insurance line to Swiss Re and subsidiary Westport Insurance for $153 million, if approved by shareholders. Stamford-based Independence Holding ran IHC Risk Solutions through its New York City-based subsidiary American Independence , offering stop-loss coverage that self-insured organizations can purchase that covers exorbitant medical costs incurred by any members.
Tags: line
swiss
sells
stamford
Top Obamacare Official Makes Tweaks as Insurer Complaints Grow
2015-11-24 22:45:22| Beverages - Topix.net
To reduce turbulence in Obamacare's fledgling insurance markets, the Obama administration's top health official is pushing to get more information to consumers about what they'll actually pay for health care, which can include out-of-pocket costs as well as premiums. The changes are meant to help people choose coverage that fits their needs when up-front premiums and out-of-pocket costs are added together, Health and Human Services Secretary Sylvia Mathews Burwell said during an interview at Bloomberg News's Washington bureau.
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