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Health Insurance Blog

Archives for May, 2008

The application of Web 2.0 technologies to the healthcare industry is changing the world of care delivery. With the availability of new technologies, innovative services are rapidly and radically revolutionizing how healthcare is offered and consumed. Healthcare is finally catching up with other industries, such as travel, entertainment and retail, to bring care online. In this exclusive Web conference, Lynne Dunbrack from Health Industry Insights, an IDC Company, presents a fresh market overview of Health 2.0, outlining the state of the market and its key players. Roy Schoenberg, CEO of American Well Systems, defines online care and introduces the Online Healthcare Marketplace, an innovation at the cutting edge of Health 2.0.

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The Great Depression of the 1930s devastated the health insurance industry. Millions of people lost their jobs and had little money to pay for “extras” like insurance, so few bought new policies and many stopped paying the premiums on their existing policies

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Pricing health insurance is a complex process in which many factors are taken into account. An insurer must set a premium amount that both makes the coverage advantageous and attractive to the insured and also enables the insurer to cover its costs and make a profit (for stock companies) or add to surplus (for mutual companies).

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In February 2006, Congress approved legislation clearing the way for expanded, nationwide public-private long-term care (LTC) insurance partnerships. The law authorizes changes in state law to allow individuals to purchase private LTC insurance that coordinates with Medicaid. Specifically, in states adopting the Partnership approach, individuals can purchase private LTC insurance policies with the assurance that Medicaid will cover LTC costs incurred beyond the terms of the private coverage. In these states, under the terms of the Partnership, people with private insurance are not required to “spend down” their remaining assets to qualify for Medicaid.

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Medicaid - Long-Term Care

Unlike Medicare, Medicaid provides extensive benefits for long-term care. But the Medicaid program was created to pay for care needed by the poor, and only those who meet the program’s definition of poverty can receive these benefits.

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Medical Coverage

The state and the Hawai’i Medical Service Association have reached an agreement to provide an estimated 3,500 uninsured children in “gap group” families with health coverage.

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Prescription & Vision Insurance

A health insurance plan may not cover prescription drugs that are not administered in a hospital or other facility. Health plans also do not generally cover vision exams, eyeglasses, and contact lenses. What supplemental coverages meet these needs?

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Lower Costs for Care

Health officials outline plans to expand kids’ insurance program Read more… »

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More than 10 million children aged less than five die every year in developing countries in the continent of Asia. The number is astounding, alarming and more specifically its true. For more than three decades now developed nations have held summits to understand the severity of the matter and consequently attempted to come up with achievable solutions. But according to records, all efforts have been in vain since only three nations seem to have experienced tangible improvement in terms of child health care and welfare. Philippines, Indonesia and Vietnam are the only three nations that have been successful in bringing down the infant mortality rate to less than 70 deaths in about 1000 children. For other countries the figures are not as impressive but they definitely do much to deliver hope- Bangladesh and Nepal have seen reduction in infant mortality rate in a sustained way but the case is definitely not so with India. This country is still way behind in ensuring a lower infant mortality rate and if the current progress is sustained, the country will have no hopes of securing a better life for its children in the near future.

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