California Homeowners: Insured No More Amid Fire Danger
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CA To See Two More Insurers Stop Homeowner Coverage
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Pritzker heralds passage of health insurance legislation amid cost hike warnings
(The Center Square) – Health insurance procedures will look different in Illinois if legislation advancing through Springfield becomes law, but some are concerned about the cost to taxpayers. In the latest push for health insurance reform, Gov. J.B. Pritzker is taking aim at what he calls "predatory health insurance practices" with his Healthcare Protection Act. Among other things, the legislation would ban step therapy, the tactic insurers use to require people...
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CVS cuts 2024 profit forecast as insurance unit faces soaring medical costs
The U.S. healthcare giant cut its per-share adjusted earnings forecast for 2024 to at least $7.00 from at least $8.30, adding it anticipates the surge in medical procedures at its unit that houses health insurer Aetna to persist. U.S. health insurers have had to contend with rising medical costs over the past few quarters following higher demand for procedures, especially among older adults, that were delayed during the pandemic. CVS said in February it was seeing a rise in hip and knee...