Canada is home to two of the largest life and health insurance companies in the world – Sun Life and Manulife. Now expanding into Asia, these are Canadian success stories.
Yet both have a contradiction at the heart of their business model. They are also two of Canada’s largest investors in fossil fuels, including dirty coal, investments that adversely affect the health of the clients they’re insuring.
The German NGO Urgewald just published a global database of fossil fuel investors, companies that own the most stocks and bonds in oil and gas and coal companies. The top five for Canada…
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GoHealth Confirms Receipt of Unsolicited Acquisition Proposal From Centerbridge Partners and NVX Holdings
CHICAGO, May 19, 2023 /PRNewswire/ — GoHealth, Inc. (GoHealth) (NASDAQ: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, as noted in a recent 13D filing, has received a proposal from its two largest shareholders to acquire all of the outstanding Class A Common Stock and LLC Interests that these shareholders do not already own. Independent members of GoHealth’s Board will review the proposal in due course. The Company remains committed to serving Medicare Advantage beneficiaries, working with health plans, and generating value for all stakeholders.
About GoHealth, Inc.
GoHealth is a leading health insurance marketplace and Medicare-focused…
Massachusetts’ Misguided Middle-Class Health Insurance Subsidy Expansion
Proposal to Expand Subsidies Up to $150,000 for a Family of Four Will Have Huge Unintended Consequences
The average annual family health insurance premium in Massachusetts costs more than buying a new compact car (over $21,000/yr), so it is understandable that some are calling for ways to shield patients from this ever-increasing expense. However, the latest proposal on Beacon Hill to expand insurance subsidies up to 500 percent of the federal poverty level (FPL) (ie $150,000 for a family of four or $73,000 for an individual), could have long-term irreversible impacts that merit its rejection .
(Photo by Christopher Furlong/Getty…
CLHIA says health insurers will support Albertans displaced by wildfires
CLHIA says health insurers will support Albertans displaced by wildfires | Insurance Business Canada
Catastrophe & Flood
CLHIA says health insurers will support Albertans displaced by wildfires
Over 19,000 residents have evacuated their homes
Catastrophe & Flood
By Mika Pangilinan
Health insurers have taken special measures to support those who have been displaced by the recent wildfires in Alberta.
The wildfire situation in the province has continued to escalate as fire officials declared more fire evacuation orders over the weekend.
More than 19,000 residents have been ordered to flee their homes as of Sunday afternoon, according to a report by…
Can Your Practice Afford a Data Breach?
Probably not.
A recent study found that the total average cost of a healthcare breach is $10.10 million.
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Can your healthcare practice afford a breach? Most healthcare entities cannot.
Since 2020, healthcare breach costs have risen by 42%.
As we know healthcare breaches are incessant, it is important to understand trends.
The trends that have emerged over the past few years are:
Repeat attacks. Many healthcare entities have seen repeat attacks.…