May 23, 2013 |
So this is what socialism looks like: Private companies competing for people's business in an open marketplace. Californians got their first glimpse Thursday of what insurers plan to charge for coverage to be offered next year to about 5 million state residents who don't receive health insurance from employers. In southern Los Angeles County, for example, Health Net is charging $242 a month for one of its plans. Blue Shield is charging $287 and Kaiser Permanente $325 for the same coverage.
May 7, 2013 |
NEW YORK - As Bank of America Corp. pulls itself free from a swamp of mortgage liabilities, new troubles keep threatening to suck it back under. BofA agreed to settle a big insurer's claims over faulty mortgage bonds for $1.7 billion Monday. But it found itself threatened with new legal action for failing to abide by a landmark settlement aimed at saving homeowners from foreclosure. The Charlotte, N.C., bank said it would settle a lawsuit dating from the financial crisis with mortgage insurance specialist MBIA Inc. The insurer had been pressing BofA for more than $5 billion in damages.
CALIFORNIA | LOCAL
August 10, 2012 |
The state of California is likely to receive tens of millions of dollars more from insurance companies to clean up the Stringfellow Acid Pits toxic waste dump as a result of a ruling Thursday by the California Supreme Court. In a unanimous decision, the high court said consecutive insurance policies by various companies required each to pay up to their policy limits for damage caused by the Riverside County waste site. The companies wanted to restrict liability to just a share of the damage that occurred during the time each insurer's policy was in effect.
July 25, 2012 |
When I was a lad, I suffered from asthma. And on more than one occasion, the doctor in my small town made a trip to our house - usually in the evening - to treat me. No, really. Healthcare in the U.S. has come a long way since then - and not necessarily in a good way. Take Wednesday's story in The Times: "[S]ome healthcare companies are starting to shift clinical services and decision-making on medical care overseas, primarily to India and the Philippines. " Yikes!
July 25, 2012 |
After years of shipping data-processing, accounting and other back-office work abroad, some healthcare companies are starting to shift clinical services and decision-making on medical care overseas, primarily to India and the Philippines. Some of the jobs being sent abroad include so-called pre-service nursing, in which nurses at insurance firms, for example, help assess patient needs and determine treatment methods. Outsourcing such tasks goes beyond earlier steps by healthcare firms to farm out reading of X-rays and other diagnostic tests to health professionals overseas.
February 1, 2012 |
A major health insurance company has settled an enforcement action with state regulators over providing special therapy for autism patients. California Insurance Commissioner Dave Jones on Tuesday said that Blue Shield of California Life & Health Insurance Co. agreed to immediately cover the cost of applied behavior analysis therapy, which Jones described as a well-recognized and effective treatment. The settlement with the Insurance Department stems from a dispute that began in July when Jones filed an enforcement action against Blue Shield.