OAKLAND — California Attorney General Rob Bonta today announced a $2.1 million settlement against two companies, Shared Health Alliance, Inc. (SHA) and Alliance for Shared Health (ASH), to resolve allegations that they offered and deceptively advertised sham health insurance and violated insurance regulations that protect consumers. ASH, a nonprofit corporation that purported to be a healthcare sharing ministry (HCSM), created, operated, and sold unauthorized health insurance through its for-profit administrative vendor, SHA. An investigation by the California Department of Justice (DOJ) found that ASH and SHA advertised their plans as the equivalent of standard health insurance when in reality, the…
health insurance marketplace
Physicians Say Health Insurer Prior Authorization Is Rising And So Are Care Delays
The American Medical Association, which is pushing in Washington for health insurance reforms of … [+] prior authorization, released March 13, 2023 a new survey of 1,000 practicing physicians showing such requirements lead to “to unnecessary waste and avoidable patient harm.”
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Physician complaints about prior authorization – the vehicle that requires them to get approval from a health insurer before performing a procedure – is on the rise along with treatment delays that could harm patient health outcomes.
The complaints come as physicians generally have less autonomy than they are used to and doctors are worried about the increasing…
TEAMSTERS LOCAL 639 RATIFIES FIRST CONTRACT WITH KEOLIS TRANSPORTATION
Published: Mar. 13, 2023 at 5:50 PM CDT|Updated: 10 hours ago
Annual Raises, Health Care, and Much More Secured for 150 Drivers
Manassas, Va., March 13, 2023 /PRNewswire/ — Teamsters Local 639 members voted overwhelmingly to ratify an agreement with Keolis Transportation, the contractor for OmniRide. The ratification puts an end to a strike authorized on February 13after months of unproductive negotiations, and re-instates public transportation for residents of Prince William and Stafford counties.
International Brotherhood Of Teamsters. (PRNews Foto/International Brotherhood of Teamsters)(PRNewswire)
“Authorizing a strike is always a last resort,” said Bill Davis, Local 639 Secretary-Treasurer. “However, it’s clear…
BC promises $3-million to expand programs that partner police with health care workers
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BC Minister of Mental Health and Addiction Jennifer Whiteside did not provide a specific timeline for when the new programs would be running, but said she anticipated them in a ‘fairly short order.’DARRYL DYCK/The Canadian Press
British Columbia is spending $3-million to expand a program that partners health-care workers with police in mobile teams to respond to mental health-related calls.
Public Safety Minister Mike Farnworth said Monday that the program aims to connect people in crisis to the appropriate services in their community, while taking pressure off stretched police resources.
“Currently, police have been the…
Joe Lieberman Weighs the Trump Risk
Joe Lieberman wants to make one thing clear. “The last thing I’d ever want to be part of,” the former Connecticut senator and onetime vice-presidential nominee told me by phone last week, “is bringing Donald Trump back to the Oval Office.”
Democrats have their doubts. Lieberman and his former party have been warring for years, ever since he won a fourth Senate term, in 2006, as an independent after Connecticut Democrats dumped him in a primary. Suddenly liberated, Lieberman endorsed the Republican John McCain over Barack Obama in 2008 and proceeded to tank the Democrats’ dreams of enacting a public…
DekaBank Deutsche Girozentrale Lowers Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)
DekaBank Deutsche Girozentrale reduced its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA – Free Report) by 14.6% in the 1st quarter, according to the company’s most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 142,998 shares of the real estate investment trust’s stock after selling 24,479 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Sabra Health Care REIT were worth $1,594,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Raymond James & Associates grew its position in shares of…
State worker health insurance premiums may see double-digit hikes. What CalPERS is considering
CalPERS health insurance policyholders will likely see their premiums grow by more than 11% on average next year, according to preliminary prices that the board of the nation’s largest pension will consider at its meeting next week in Monterey.
The California Public Employees’ Retirement System provides health insurance for more than 1.5 million people, including roughly 770,000 state and local public employees and retires and about 770,000 dependents.
The price hikes reflect the larger trend of medical inflation across the country. A combination of rising demand for non-COVID-related health services, high labor costs and a desire to recover pandemic-era losses…
Should You Invest in the First Trust Health Care AlphaDEX ETF (FXH)? – July 14, 2023
If you’re interested in broad exposure to the Healthcare – Broad segment of the equity market, look no further than the First Trust Health Care AlphaDEX ETF (FXH Quick QuotesFXH – Free Report) , a passively managed exchange traded fund launched on 05/08/2007.
An increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors.
Investor-friendly, sector ETFs provide many options to gain low risk and diversify exposure to a broad group of companies in particular sectors. Healthcare – Broad is one of…