Latest Insurance industry News

California hospital chain going to court over high prices

Oct. 10, 2019 3:43 PM EDT

SAN FRANCISCO (AP) — One of California's largest hospital systems is facing a trial over accusations that it has used its market dominance to snuff out competition and overcharge patients for medical bills. The antitrust lawsuit against Sutter Health, which operates 24 hospitals with 5,500 doctors across...

Aging Holocaust survivors try to sue over Nazi-era insurance

Oct. 8, 2019 5:01 PM EDT

AVENTURA, Fla. (AP) — When David Schaecter was a child in Slovakia in the 1930s, he counted more than 100 people in his extended family. By the end of World War II, he alone survived. The rest had been killed in Nazi concentration camps or by roving SS death squads. Schaecter lost not only his family, but...

Doctors turn to thumbs for diagnosis and treatment by text

Oct. 8, 2019 10:55 AM EDT

SACRAMENTO, Calif. (AP) — Dr. Anna Nguyen spoke with none of the five patients she treated on a recent weekday morning. She didn't even leave her dining room. The emergency physician nevertheless helped a pregnant Ohio woman handle hip pain, examined a Michigan man's sore throat and texted a mom whose son...

Trump cites his support for Medicare, slams Medicare for All

Oct. 3, 2019 4:28 PM EDT

THE VILLAGES, Fla. (AP) — President Donald Trump on Thursday accused Democrats of an all-out attempt to “totally obliterate Medicare” and portrayed himself as the program’s defender as he signed a directive to expand the program’s private insurance options. Trump skipped past...

Can Washington deliver on drug costs amid impeachment probe?

Sep. 29, 2019 8:10 AM EDT

WASHINGTON (AP) — Major legislation to reduce prescription drug costs for millions of people may get sidelined now that House Democrats have begun an impeachment inquiry of President Donald Trump. Proposals had been moving in Congress, but there are more ways for the process to break down than to succeed....

Deal linking Blue Cross NC, Cambia halts after CEO resigns

Sep. 28, 2019 12:19 PM EDT

DURHAM, N.C. (AP) — Two Blue Cross Blue Shield insurers on both U.S. coasts are scrapping plans for a long-term cooperation agreement after an executive central to the deal resigned in the wake of an alleged drunk-driving crash. Blue Cross Blue Shield of North Carolina and Portland, Oregon-based Cambia...

Asian stocks decline as traders mull Trump inquiry

Sep. 27, 2019 12:45 AM EDT

BEIJING (AP) — Asian stocks fell Friday as traders weighed data showing slower U.S. economic growth and also the possible impact of an impeachment inquiry of President Donald Trump. The congressional inquiry into Trump is throwing more volatility into a market that already was nervous over U.S.-Chinese...

GM reverses course, says strikers will keep health coverage

Sep. 26, 2019 6:06 PM EDT

DETROIT (AP) — General Motors now says striking workers will get company-paid health insurance, nine days after telling the union that coverage would be cut off. The automaker said in an emailed letter to the United Auto Workers dated Wednesday that employee health and well-being are GM's top priorities....

Health care company sends woman over 500 letters in 5 days

Sep. 25, 2019 3:25 PM EDT

WINDHAM, Maine (AP) — A Maine woman says she received more than 500 letters from UnitedHealthcare in five days. The letters were sent to Stephanie Lay's 19-year-old son Bryce in Windham, but were addressed to Maine's Department of Health and Human Services — in Cincinnati, Ohio. WCSH-TV reports most...

Thomas Cook's German, Polish units enter bankruptcy

Sep. 25, 2019 7:52 AM EDT

FRANKFURT, Germany (AP) — The German and Polish units of collapsed tour operator Thomas Cook said Wednesday they were entering bankruptcy proceedings and shutting down normal business operations in the wake of the parent company entering liquidation in Britain. Germany's Thomas Cook said it was working...