Health Insurers Not Happy With Telling ‘Truth on Costs’

As per reports, it has been revealed that some of the clauses in the Affordable Care Act are going to be changed during the upcoming US elections. There is both good and bad news attached to the changes of the act.

The best part would be that it would get compulsory for health insurers to provide a summary of all the health plans to customers so that they could know for what they are shelling out money from their pockets.

The bad part of the story is that health insurers have said that this summary, which is also known as Cliff Notes, would prove to quite costly to them.

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Motorway moggy

Tagged Under : Motorway, Motorway Moggy

Sometimes it can feel like you’ve been on the motorway for an eternity – especially if there are traffic jams slowing you down.

However, usually we’re not actually on the highway for as long as we think and we can always pop into motorway services along the way for a break – unlike a cat that recently made some news reports.

The poor over-adventurous feline found its way up the 50 foot high concrete feet of an M4 road sign, but couldn’t get back down again.

It was stuck for 24 hours next to the busy motorway before traffic officers coaxed the cat back down to safety using a crane lift and some cat food.
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The Country That We Live In

Tagged Under : Live

I flew back from Dallas today with a dead pilot. 

Most of us go through our lives with little awareness of the toll that America’s wars are taking on our military or the sacrifices that they make on our behalf.  Occasionally, that ignorance is rudely interrupted. 

In the belly of my airplane was the casket of of a young pilot who was killed this week on a training mission preliminary to being posted to Iraq. My seatm

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By Shorting Customers Insurers Make Massive Profits

Tagged Under : Profits

It’s no secret that insurance companies are in business to make money, but the lengths some insurance companies go to in order to increase profits is alarming. In fact, dozens of posts on this blog have alerted our readers to the improper actions some insurance companies may take to put profit above their policyholders’ interests.

In a recent article, Insurance Claim Delays Deliver Massive Profits To Industry By Shorting Customers, readers are alerted to some of ways carriers are benefiting and insureds are suffering. Ani

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Express Scripts Looking for Settlement with Wellpoint

Tagged Under : Express Scripts, Wellpoint

On Tuesday, Express Scripts notified that it is about to resolve its contract dispute with the biggest health insurers in the United States, WellPoint Inc. In addition, it claimed that the WellPoint has significantly increased the chances of lodging a lawsuit and expressed confidence that the companies have enough potential to settle their dispute.

In a statement, Express Scripts notified that the insurer’s giant is clashing with the implementation of some clause of the contract as well as certain operational matters believed to have an association with Express Scripts’ performance. S

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S&P Issues Stable Outlook for U.S. Life Insurance Industry

Tagged Under : Industry, Insurance Industry, Life Insurance, Life Insurance Industry

S&P announced in a report this week that it would be maintaining its stable outlook for the U.S. life insurance industry. This announcement should help insurers breathe a sigh of relief after the credit ratings agency announced that it issued credit rating downgrades for multiple banks on Tuesday.

S&P, New York, published a report this week called U.S. Life Insurance 2012 Outlook: Solid Capital and Liquidity Support A Stable Outlook In The Face Of Macroeconomic Headwinds, which was published in RatingsDirect and appears in the companys Global Credit Portal.

In the report, S&P issued the life insurance industry a stable outlook, stating that it reflects the companys expectation of continued strong capital and liquidity, and moderate investment portfolio losses.

During the summer, the credit ratings agency threatened to lower life insurance ratings if the U.S. suff

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