| Bush eyes tax break for health insurance | | Posted Tuesday, January 23, 2007 3:00:33 PM by Blog57 Team | | WASHINGTON -- President Bush will propose deep tax breaks for Americans who purchase their own medical insurance, and would finance the plan with an unprecedented tax on a portion of high-priced healthcare plans that workers receive through their employers, according to the White House. The initiative, which the president briefly previewed in his radio address yesterday, has a dual purpose: It would create a financial incentive for the roughly 47 million Americans who lack health insurance to buy it. And it would rein in the soaring cost of health insurance by encouraging workers in high-priced plans to seek more modest coverage. "Today, the tax code unfairly penalizes people who do not get health insurance through their job," Bush said. "It unwisely encourages workers to choose overly expensive, gold-plated plans.... | |
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| | | Intermediary consolidation continues | | Posted Saturday, January 13, 2007 1:02:51 PM by Blog57 Team | | Private Health Partnership (PHP), the independent intermediary which is part of Skipton Building Society, has ramped up its acquisition ambitions. The group has taken over the medical insurance portfolio of JSP Medical Insurance Services (JSP) for an undisclosed sum. It is PHP's fourth acquisition in three years and is unlikely to be its last. JSP focuses on SME and individual medical insurance business. It claims to have good existing relationships with over 50 introducers, predominantly IFAs who are not specialists in medical insurance. The group was founded by John Stevens and current managing director Jim Niven. Stevens will retire following the acquisition, while Niven will continue to work closely with PHP sourcing additional potential introducers.... | |
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| | | Malpractice insurance rates decline | | Posted Saturday, November 11, 2006 7:12:23 PM by Blog57 Team | | Ohio medical-malpractice insurance rates declined for the first time in five years, spurred by litigation reform and regulatory measures to more closely monitor premiums. The Ohio Department of Insurance said yesterday that four of Ohios five largest medical malpractice insurers have filed for rate changes, which resulted in a 1.7 percent decline overall in medical-malpractice premiums statewide. Rates increased 195 percent between 2000 and 2005. Ann Womer Benjamin, director of the Ohio Department of Insurance, credited the state legislature and her agencys efforts with stabilizing rates. The department created an insurance pool for physicians unable to find affordable coverage, and is more closely monitoring rate increases. The state also passed several tort-reform measures in recent years to limit damages and frivolous medical-malpractice lawsuits, said Tim Maglione, senior director of government relations for the Ohio State Medical Association.... | |
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| | | CASHIN Launches Prepaid Medical Insurance Product | | Posted Friday, November 10, 2006 1:11:01 PM by Blog57 Team | | CASHIN is launching a prepaid medical insurance product linked to its prepaid airtime and electricity vending, wireless payment terminal offering. Merchants renting CASHIN terminals will be given the option to package a number of prepaid medical insurance policies with the CASHIN terminal. These medical insurance packages are designed to give low income workers previously unaffordable cover including: - accidental hospital cover for admission and treatment at any private hospital for up to R50,000 - accidental hospital cover at any state or provincial hospital (unlimited) - illness and out-of-hospital benefits, entitling the policy holder to treatment at over 17,700 service providers countrywide - R10,000 funeral cover, inceasing to R50,000 in the event of accidental death - HIV/AIDS package including access to drugs and counselling - Dentistry cover - Optometry cover The CASHIN terminal is an EMV certified payment terminal with innovative payment applications bundled together.... | |
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| | | Clark County Commission picks new insurance provider | | Posted Wednesday, November 08, 2006 3:02:49 PM by Blog57 Team | | Medical Mutual of Ohio will be Clark County's new medical insurance provider, after the county commissioners in a split vote Tuesday chose the proposal most similar to the current plan with the lowest increase in cost. Commissioners John Detrick and Roger Tackett supported MMO, which had been recommended by commission staff, a 12-member Labor-Management Health Insurance Committee and an insurance consultant. .... | |
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| | | Money spent on ugly ads could help so many | | Posted Sunday, November 05, 2006 7:01:27 PM by Blog57 Team | | Dear campaign contributors: If you really want to improve society, I have an idea: Dont send money to politicians so they can make idiotic TV ads. Instead, buy food, medical insurance or an education for the people whom politicians like to bluster about helping. Next election, youll eliminate the middleman and clean up the airwaves at the same time. Heres the math: I took a quick survey of media executives to come up with $30 million a conservative estimate of how much will be spent on televised political ads in the Columbus market by Tuesday. The total immediately brings to mind three words: What a waste. So then I tried to think of agencies and people who could put all those millions to better use. Its a long, long list. But heres an idea of what $30 million could buy: More than 15 million meals for the hungry.... | |
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| | | 2 plead guilty to insurance fraud | | Posted Friday, November 03, 2006 3:15:40 AM by Blog57 Team | | TRENTON -- A Camden County businessman and his girlfriend have pleaded guilty to filing thousands of dollars in fraudulent insurance claims for chiropractic services and supplies provided to accident victims, many of whom were recruited with "runners," Attorney General Stuart Rabner and Division of Criminal Justice Director Gregory A. Paw announced. Orlando Rolon, 49, of Runnemede, pleaded guilty this week to third-degree criminal use of runners before Judge Samuel D. Natal in Superior Court in Camden, authorities said. Rolon's accomplice, Erika Ramos, 32, of Pennsauken, pleaded guilty to fourth-degree uttering a forged document. Rolon, who had no medical or chiropractic license, admitted that between Jan. 11, 2000 and Nov. 3, 2001, he used runners to solicit accident victims as patients for his Brotherhood Rehabilitation clinic on Westfield Avenue in Camden, authorities said.... | |
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| | | PaperFree Medical Solutions, Inc. Executes Agreements to Provide Up To $1.5 Million in New Financing | | Posted Tuesday, October 31, 2006 7:05:28 AM by Blog57 Team | | PaperFree Medical Solutions, Inc. (OTCBB:PFMS), a Managed Services Provider to the medical practice market, today announced that it had entered into an agreement with a group of accredited investors, pursuant to which the investors will provide to PaperFree Medical up to $1.5 million principal amount in connection with the sale of 8% Senior Secured Convertible Redeemable Notes. The investors also will receive 1,500,000 warrants as part of the agreement. The company has received gross proceeds of $1,000,000 under this facility and will receive a further $200,000 of additional gross proceeds upon the filing of a registration statement covering the common stock underlying the Notes and Warrants; with an additional $300,000 upon effectiveness of such registration statement. William L.... | |
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| | | Witness: Medi-Share not an insurance program | | Posted Friday, October 27, 2006 11:05:16 PM by Blog57 Team | | FRANKFORT - A Christian cost-sharing ministry set up to help cover medical costs for churchgoers is not an insurance program and doesn't claim to be, the head of the American Evangelical Association testified Wednesday. E. John Reinhold said the cost-sharing ministry, known as Medi-Share, is careful not to use terms associated with the insurance industry in its publications so that people won't be confused. Franklin County Circuit Judge Thomas Wingate is expected to rule in December on whether Medi-Share should be permitted to continue operations in Kentucky. The state has had a long-standing legal dispute with the Medi-Share program, which helps Christians pay for medical care. The program, which is supported by contributions from churchgoers, is based on the biblical belief that Christians should take care of one another's needs.... | |
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| | | Cash Technologies subsidiary licenses medical insurance product to ... | | Posted Friday, October 27, 2006 1:06:43 PM by Blog57 Team | | Claim-Remedi Services Inc., a subsidiary of Cash Technologies Inc., has entered a non-exclusive three-year service and license agreement with Innovative Managed Care Systems Ltd., the company said Friday. The agreement is for Claim-Remedi's ProIdentify networking and data management product that allows clients to determine the status of a patient's medical insurance including allowed procedures, deductible and other information from most commercial and government payors in the U.S. The agreement provides a per-transaction fee that Cash Technologies says could generate more than $4 million over the life of the agreement. .... | |
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