New York Insurance News

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Thought Inflation Was Bad? Health Insurance Premiums Are Rising Even Faster

Thought Inflation Was Bad? Health Insurance Premiums Are Rising Even Faster

Kirk Vartan pays more than $2,000 a month for a high-deductible health insurance plan from Blue Shield on Covered California, the state’s Affordable Care Act marketplace. He could have selected a cheaper plan from a different provider, but he wanted one that includes his wife’s doctor. “It’s for the two of us, and we’re not

Who does Medicaid cover? How Congress’ proposed budget cuts could be felt

Who does Medicaid cover? How Congress’ proposed budget cuts could be felt

A budget resolution adopted Tuesday by House Republicans could jeopardize the health insurance coverage of millions of low-income and disabled people who rely on Medicaid if lawmakers follow through with their proposed spending cuts, experts warn. The budget plan instructs the Energy and Commerce Committee, which oversees Medicaid, to identify at least $880 billion in

Why a Judge Denied HITT Contracting’s $24M Insurance Claim on a Museum Expansion

Why a Judge Denied HITT Contracting’s $24M Insurance Claim on a Museum Expansion

HITT Contracting was accused of damaging parts of the  Glenstone Museum in Potomac, Md.,during a $200-million renovation project. Photo (cropped): Sdkb via Wikimedia Commons under C.C. License 4.0. A state court judge in Virginia recently upheld insurer St. Paul Fire and Marine’s denial of HITT Contracting’s $24 million insurance claim, involving damage HITT allegedly caused during a

KFF Health News’ ‘What the Health?’: Medicaid in the Crosshairs, Maybe

KFF Health News’ ‘What the Health?’: Medicaid in the Crosshairs, Maybe

Can’t see the audio player? Listen on: The Host The future of the Medicaid health insurance program for those with low incomes is in doubt, as Congress works on a budget plan calling for major cuts while President Donald Trump both promises to support that plan as well as to protect the program.  Meanwhile, thousands

Republicans Are Eyeing Cuts to Medicaid. What’s Medicaid, Again?

Republicans Are Eyeing Cuts to Medicaid. What’s Medicaid, Again?

In January, during a congressional hearing on his way to becoming secretary of the Department of Health and Human Services, Robert F. Kennedy Jr. got basic details wrong about Medicaid — a program he now oversees. He said that Medicaid is fully funded by the federal government (it’s not) and that many enrollees are unsatisfied

Competition Remains Elusive in Private Insurance Market

Competition Remains Elusive in Private Insurance Market

Competition among US private insurance companies has generally declined since 2011 in large-group, small-group, and individual markets, a government report found. However, the trend has slowed or even reversed in some states over the past few years. Meanwhile, an American Medical Association (AMA) analysis warns that “the vast majority of health insurance markets remain stubbornly

6 contech firms raise combined $57M

6 contech firms raise combined $57M

This audio is auto-generated. Please let us know if you have feedback. Firms that help builders get materials, remain compliant and communicate on the jobsite were the recipients of recent venture capital funding. Artificial intelligence, in particular, remains a point of interest for contractors as they seek to leverage the technology to gain a competitive

Trump’s Return Puts Medicaid on the Chopping Block

Trump’s Return Puts Medicaid on the Chopping Block

Under President Joe Biden, enrollment in Medicaid hit a record high and the uninsured rate reached a record low. Donald Trump’s return to the White House — along with a GOP-controlled Senate and House of Representatives — is expected to change that. Republicans in Washington say they plan to use funding cuts and regulatory changes