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News
Connecticut cuts 2027 health rate hikes, increases still in double digits
10+ hour, 32+ min ago (448+ words) The Connecticut Insurance Department has finalized 2027 rate decisions for fully insured individual and small group health plans, approving an average 11.3% increase in the individual market and 15.1% in the small group market. Both figures came in below what insurers originally requested,…...
White House to mail $500 Obamacare checks as premium backlash mounts
3+ day, 17+ hour ago (563+ words) Nearly a million Affordable Care Act enrollees are set to receive $500 payments starting in October, the Trump administration announced Thursday, a move officials frame as restitution for alleged premium overcharges, but one that health policy analysts call a narrow fix…...
Preventive care benefits can cut high-cost claimants in half, exec says
3+ day, 23+ hour ago (924+ words) Rising employer healthcare costs are sharpening the business case for preventive care and the numbers are stark. "We've looked at our own populations through claims analyses, and we see when you keep people healthy, you can avoid them progressing into…...
The PBM conflicts brokers should be talking to clients about
3+ day, 23+ hour ago (1071+ words) Pharmacy costs are rising faster than medical costs, faster than most employers budgeted for, and faster than the benefits industry has seen in living memory. But your clients probably don’t understand why. For Rick Kelly, National Pharmacy Lead and Senior…...
Digital health AI adoption is outpacing the policies covering it
4+ day, 5+ hour ago (329+ words) Digital health companies are integrating AI faster than the insurance market has worked out how to cover it. Beazley's 2026 Digital Health & Wellness report puts that gap at the centre of its findings. The survey of 600 executives across Europe, North America,…...
GEICO sues equipment supplier over $3.7 million alleged No-Fault fraud
4+ day, 19+ hour ago (349+ words) GEICO has sued a New York medical-equipment supplier, alleging it billed more than $3.7 million for braces, cushions and stimulators that patients never needed. The insurer filed suit on September 8, 2026 in the US District Court for the Eastern District of New…...
IMA appoints healthcare P&C specialist as national practice head
4+ day, 20+ hour ago (373+ words) Adamson comes from Alera Group, where she spent 12 years leading the property and casualty practice for HealthSure, a specialty unit built around healthcare sector clients. That P&C background, rather than a benefits pedigree, is the detail that defines what…...
New York cuts insurer rate requests but small-group costs still climb
5+ day, 3+ hour ago (216+ words) New York's health insurers asked for premium increases three to four times higher than what regulators approved, and the gap between the two numbers shows the state's 2027 renewal season. The Department of Financial Services (DFS) authorized average increases of 6% for…...
Most insured Americans doubt coverage would cover a crisis
5+ day, 4+ hour ago (433+ words) Insurance Business Most insured Americans doubt coverage would cover a crisis GoodRx survey finds 56% of insured adults fear they couldn't afford a serious illness or accident More than half of insured Americans fear they could not afford a serious illness…...
Are HRAs about to cut brokers out of the GLP-1 equation?
5+ day, 20+ hour ago (1231+ words) As employers across the US grapple with exploding pharmacy costs driven to a significant extent by GLP-1 weight-loss drugs, a growing number are turning to health reimbursement arrangements (HRAs) as a cost-containment tool. Chris Byrd, pictured, a benefits industry executive…...