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President vetoes legislation to repeal Obamacare

President vetoes legislation to repeal Obamacare

Posted: January 11, 2016 President Obama vetoed a bill Friday aimed at repealing his signature health care law. “This legislation would not only repeal parts of the Affordable Care Act, but would reverse the significant progress we have made in improving health care in America,” the president wrote […]

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15 state attorneys general join federal probe of health insurer mergers

15 state attorneys general join federal probe of health insurer mergers

Posted: January 12, 2016 About 15 state attorneys general have joined the Justice Department’s probe of two big insurance mergers, according to people familiar with the matter, increasing the scrutiny on proposed deals that would reduce the number of nationwide health insurers to three from five. According to […]

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2016 outlook for U.S. commercial lines negative, personal lines stable: A.M. Best

2016 outlook for U.S. commercial lines negative, personal lines stable: A.M. Best

A.M. Best is maintaining its negative outlook on the commercial lines segment of the U.S. property/casualty (P/C) industry, despite relatively solid aggregate results over the past several years, according to a report from the ratings agency. The negative outlook indicates A.M. Best’s expectation of more downgrades than […]

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Willis Towers Watson begins joint operations following merger

Willis Towers Watson begins joint operations following merger

Willis Towers Watson Public Limited Co. began operating this month following the successful completion of the merger of Willis Group Holdings and Towers Watson. The company, which will do business as Willis Towers Watson, is a global advisory, broking, and solutions company with 39,000 employees in more […]

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Recent mergers: Kaufman, Ryan, Midas, Gallagher

Recent mergers: Kaufman, Ryan, Midas, Gallagher

H.W. Kaufman Financial Group, headquartered in Farmington Hills, Mich., has acquired Technical Risk Services (TRS), a Toronto, Canada-based specialist in loss control services, inspections, and risk control consulting. TRS is a full-service loss control inspection and consulting firm that has operated in Ontario, Canada for more than […]

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MetLife to sell or spin-off much of U.S. life insurance business

MetLife to sell or spin-off much of U.S. life insurance business

MetLife wants to divest itself of a large portion of its U.S. life insurance unit in order to ease capital burdens the firm expects to face under new federal regulations. In an announcement Tuesday, MetLife said it is considering a public offering of shares in an independent, […]

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Kentucky to dismantle state Obamacare exchange

Kentucky to dismantle state Obamacare exchange

Posted: January 13, 2016 Kentucky Gov. Matt Bevin has notified the federal government that his state will dismantle its state health insurance exchange, Kynect. The move by the newly elected Republican means that Kentucky residents seeking health insurance under the Affordable Care Act must use the federal health […]

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Fueled by Obamacare, ‘concierge medicine’ reaches new markets

Fueled by Obamacare, ‘concierge medicine’ reaches new markets

A growing number of primary care doctors, spurred by the Affordable Care Act and frustrations with insurance requirements, are bringing a service that generally has been considered “health care for billionaires” to middle-income, Medicaid and Medicare populations. It’s called direct primary care, modeled after “concierge” practices that […]

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Doctor faces life in prison for alleged $150 million insurance scam

Doctor faces life in prison for alleged $150 million insurance scam

A California doctor and 14 of her associates have been charged in a $150 million insurance scam, one of the largest health fraud schemes in the state, that could find 11 of them sentenced to life in prison. Orthopedic surgeon Dr. Munir Uwaydah was charged as ringleader […]

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AMA ranks least-competitive health insurance markets in U.S.

AMA ranks least-competitive health insurance markets in U.S.

While Alabama towns dominate the rankings of the metropolitan markets in the country with the least competitive health insurance markets, the mid-Atlantic has its fair share, according to a recent study. The study, conducted by the American Medical Association, ranked the locations where health insurance market share […]

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