Health Exit Will Drive Greater Strategic Focus and Improved Capital Utilization
Company Announces Second Quarter 2023 Earnings Call
CAMBRIDGE, Mass., July 06, 2023 (GLOBE NEWSWIRE) — EverQuote, Inc. (Nasdaq: EVER), a leading online insurance marketplace, today announced that it will exit its health insurance vertical, beginning June 30, 2023. The health insurance vertical includes EverQuote’s marketplace and direct to consumer agency (DTCA) serving the Medicare and “Under 65” health insurance market, and represented approximately 10% of the Company’s revenue in fiscal year 2022.
“We are making the strategic decision to exit an area that requires significant capital investment and scale…
Health Insurance
How will AI affect the international private medical insurance market?
How will AI affect the international private medical insurance market? | Insurance Business America
Life & Health
How will AI affect the international private medical insurance market?
AXA head speaks on bias and freeing workers from the ’80/20 rule’
Life & Health
By Gia Snape
Artificial intelligence (AI) and machine learning (ML) are rapidly transforming the global insurance landscape. But AI biases and data privacy risks pose a significant concern in the international private medical insurance (IPMI) industry.
“AI can decide whether some claims are valid within seconds. This gives businesses within our industry the opportunity to both save costs…
Judge temporarily blocks Major Adams from switching NYC retires to Medicare Advantage
A trial court judge has temporarily blocked Major Adams from switching retired city workers to a cost-cutting Medicare Advantage Plan.
Manhattan Supreme Court Judge Lyle Frank granted a temporary restraining order Thursday that, until he issues a final ruling, prevents roughly 250,000 city retirees and their dependents from losing their current health insurance.
The retirees who brought the lawsuit “have shown that numerous promises were made by the City to then New York City employees and future retirees” about their coverage, according to court documents.
The court found a likelihood of it ultimately ruling in their favour, and that any…
Biden to crack down on short-term health insurance plans, Politico reports
July 6 (Reuters) – US President Joe Biden’s administration on Friday is expected to propose a new regulation cracking down on short-term health insurance plans, Politico reported, citing five Democrats with knowledge of the matter.
Biden is due to deliver an announcement on healthcare cost savings on Friday. A White House official told Politico on Thursday that Biden plans to announce major actions to lower costs and crack down on junk fees.
The regulation will curtail a Trump-era expansion of skimpy health coverage, which critics said undermined the 2010 Affordable Care Act, also known as Obamacare, and its broad protections…
What is an Irrevocable Trust?
A trust is an estate planning tool that allows a person to control their assets during their lifetime and make provisions for incapacity and death. Many trusts are revocable, however, irrevocable trusts can be an incredibly useful way to plan for your future.
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One thing you should know about irrevocable trusts is that, unlike revocable or living trusts, irrevocable trusts cannot be changed or amended. They are set in stone.
A…
Biden to crack down on ‘junk’ health insurance
President Joe Biden is also slated to give a speech Friday touting his health care agenda, during which a White House official said he plans to “announce major actions to lower health care costs and crack down on junk fees.”
The White House declined to comment, and the Democrats with knowledge of the matter cautioned that the timing of the rollout could still change.
But the White House’s budget office signed off on the proposed rule last week, according to a regulatory review notice posted to its website, a signal that the regulations had cleared the final internal hurdles. The…
12 Easy Ways to Save Money This Year (Without Sacrificing Your Morning Coffee Run)
Expert Tips to Save You Money This YearJ Studios
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The past year has been a rough one, y’all. If you feel like you’ve been struggling to stay afloat financially, you’re not alone.
It seems as if everywhere we look, costs are rising. A recent report from the US Bureau of Labor Statistics showed that the prices of food, housing, health insurance and other services increased by more than 6% in 2022. Harsh.
It doesn’t help that some financial experts believe these price hikes aren’t so…
Japan aims to fix medical fee errors linked to My Number by August
The health ministry said Thursday that it would take measures to resolve the issue of My Number card holders being overcharged for medical expenses by August.
System errors over the use of My Number cards as health insurance certificates have caused many patients to have to pay the full amount of medical costs out of their own pocket instead of the regular amount — basically set at 30% for those between ages 6 and 70 .
The ministry presented its plan to resolve the issue at the first meeting of a new task force that day.
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