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…
aetna
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…
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…
Here’s why insurance experts suggest travel health insurance
When planning your summer vacation, insurance experts suggest you make your health coverage part of all that prep.
PORTLAND, Ore. — Summer vacation has arrived and while you’re planning where to go, what to do and how much it will cost, insurance experts encourage you to also plan ahead when it comes to health insurance.
Traveling in-state versus out of the country makes a difference, but there are some important basics to know no matter where you’re going to ensure an unexpected health event while on vacation doesn’t turn into a bigger financial problem.
“It’s important to know before you…
Estate Planning: 5 Things to Consider
If you are preparing to draft your estate plan with your estate planning attorney, there are a variety of issues that you will need to think about before your documents can be finalized.
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Prior to drafting your estate plan, we recommend that you give some thought to the following items:
How do you want your money and assets handled if you die? Do you want any restrictions? If you are married,…
Generali appeals against health insurance premium cap in Slovenia
June 19 (SeeNews) – Italian insurer Generali has filed an appeal with Slovenia’s Supreme Court demanding that the cap on supplementary insurance premium be scrapped, local media reported.
The 35.67 euro ($39.0) upper price limit for supplementary health insurance has a negative effect on the operations of the company, as it is not sufficient to cover all obligations amid the higher costs of medical services, the STA news agency quoted sources from Generali as say.
Earlier this year, Slovenia’s Appeals Court dismissed an appeal by Generali, Triglav and Vzajemna against the price limit, set by the Slovenian government in mid-April.…
It’s Not Just You: Many People Confront Health Insurance Obstacles on Care and Bills
TheNews
A majority of Americans with health insurance said they had encountered obstacles to coverage, including denied medical care, higher bills and a dearth of doctors in their plans, according to a new survey from KFF, a nonprofit health research group. As a result, some people are delayed or skipped treatment.
Those who were most likely to need medical care — people who described themselves as in fair or poor health — reported more trouble; three-fourths of those receiving mental health treatment experienced problems.
“The consequences of care are delayed and missed altogether because of the sheer complexity of the…
Many Americans Face Insurance Obstacles Over Medical Care and Bills
A majority of Americans with health insurance said they had encountered obstacles to coverage, including denied medical care, higher bills and a dearth of doctors in their plans, according to a new survey from KFF, a nonprofit health research group. As a result, some people are delayed or skipped treatment.
Those who were most likely to need medical care — people who described themselves as in fair or poor health — reported more trouble; three-fourths of those receiving mental health treatment experienced problems.
“The consequences of care are delayed and missed altogether because of the sheer complexity of the system…