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8 mentions found


☆ Why your healthcare is about to get a lot more expensive
  + stars: | 2022-10-27 | by ( Juliana Kaplan | ) www.businessinsider.com   time to read: +7 min
Supply-chain and labor shortages, along with pent-up demand, are increasing costs for healthcare. But they might be in for more bad news as healthcare costs rise. Premiums could rise even more in 2024 as higher healthcare costs settle in and get passed down to consumers. You can thank people flocking back to the doctor, more expensive equipment, and surging labor costs for your higher future bill. Labor costs are rising across the boardJob openings in healthcare are still elevated, and well above pre-pandemic levels, according to Fitch.
☆ AI in Insurance: How three forward-looking insurers are infusing AI into their front, middle, and back offices
  + stars: | 2022-10-19 | by ( Insider Intelligence | ) www.businessinsider.com   time to read: +3 min
Insider Intelligence details AI use cases within the insurance industry, and explores potential risks to this tech. download the app Email address By clicking ‘Sign up’, you agree to be contacted by Insider Inc. and receive emails from Insider Intelligence and eMarketer (e.g. And insurers are integrating AI implementations across their front, middle, and back offices in order to fend of tech-savvy startups. To help insurance professionals navigate this digital transformation, Insider Intelligence put together the AI in Insurance Report. The report assesses the business impact of insurers that choose to implement AI in their front, middle, and back offices.
☆ How Britain's pension scheme hedge became a trillion pound gamble
  + stars: | 2022-10-15 | by ( Tommy Wilkes Carolyn Cohn | Tommy Wilkes | Carolyn Cohn | ) www.reuters.com   time to read: +9 min
LONDON, Oct 15 (Reuters) - It started out simply enough: British pension schemes were looking for a way to match their assets to future pension payments. But the strategy gradually became riskier, according to interviews with pension scheme trustees, consultants, industry experts and asset managers. Globally, investors are worrying about other financial products predicated on low interest rates, now that rates are rising. Nearly two-thirds of Britain's defined benefit pension schemes use LDI funds, according to TPR. "When people talked about interest rates, all they obsessed about was interest rates falling," said David Fogarty, an independent trustee at professional pension scheme trustee provider Dalriada Trustees.
☆ Americans have largely avoided health care inflation so far – but that’s about to change
  + stars: | 2022-10-13 | by ( Tami Luhby | ) edition.cnn.com   time to read: +6 min
About 155 million Americans have work-based health insurance, the largest source of coverage by far, according to the Kaiser Family Foundation. Delayed impact of inflation on health careWhile the cost of gas, food and other essentials can change quickly based on inflation and market conditions, health care operates differently. In fact, health care costs are bucking their own typical trend. Workers are projected to shell out an average of 2.6% more for health care this year, compared to 2021, Aon calculated. Increases expected to continueNext year will only be the start of an extended period of increased health care costs, experts said.
☆ With Interest Rates Rising, Companies Look to Unload Pension Liabilities
  + stars: | 2022-09-28 | by ( Jennifer Williams-Alvarez | ) www.wsj.com   time to read: +6 min
Rising interest rates are boosting corporate pension plans, providing finance chiefs with an option to lighten their companies’ balance sheets and transfer obligations to insurers. PREVIEWWhen interest rates rise, liabilities for defined-benefit plans—a type of pension plan that promises fixed amounts to participants—shrink. They can also move just a portion of their pension obligations, but that still requires a high funding status. “If interest rates level off or decrease, the funded status could fall pretty quickly,” said Matt McDaniel, a partner at Mercer who advises companies on pension risk transfers. Recent stock market declines have hurt some defined-benefit pension plans invested in publicly traded equities, Mr. McDaniel said.
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☆ Open enrollment season for 2023 employee benefits is getting underway. What to watch for
  + stars: | 2022-09-22 | by ( Sarah O'Brien | ) www.cnbc.com   time to read: +3 min
Hinterhaus Productions | Digitalvision | Getty ImagesIt's that time of year, when workers get to make some decisions about their employee benefits. Many companies are beginning to hold their annual open enrollment period, which is when employees can sign up for 2023 health insurance — as well as consider other benefits, if your employer offers them. Some may offer extras like supplemental life or disability insurance, pet insurance or help with education costs. "People tend to [review] their benefits very quickly," said Paul Fronstin, director of health benefits research at the Employee Benefit Research Institute. For 2023, the annual cap on HSA contributions is $3,850 for self-only coverage and $7,750 for family coverage.
☆ Judge denies U.S. bid to stop UnitedHealth plan to buy Change
  + stars: | 2022-09-19 | by ( Diane Bartz | ) www.reuters.com   time to read: +2 min
WASHINGTON (Reuters) -A U.S. judge on Monday denied the Justice Department’s bid to stop UnitedHealth Group from buying Change Healthcare, a court filing showed, in a blow to the U.S. administration’s tougher enforcement of antitrust issues. UnitedHealth announced the all-cash deal in January 2021, saying it would help streamline administrative and payment processes. UnitedHealth said it was “pleased with the decision” and looked forward to combining with Change as quickly as possible. The Justice Department had said that UnitedHealth and Change Healthcare offer competing software for processing healthcare claims and together serve 38 of the top-40 health insurers in the country. The Justice Department also lost a bid to win convictions of executives at chicken processing companies that it accused of price-fixing.
☆ Companiile aeriene sunt sfătuite să verifice siguranţa avioanelor care sunt reintroduse în serviciu după ce au stat blocate la sol în perioada pandemiei
  + stars: | 2020-12-15 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md   time to read: +3 min
Potrivit Asociaţiei Internaţionale de Transportat Aerian (IATA), numărul de aterizări cu probleme a crescut exploziv în acest an. Alarmate de datele IATA, companiile de asigurări au început să adreseze întrebări companiilor aeriene dacă piloţii lor fac o pregătire suplimentară cu accent pe aterizări, a spus Gary Moran, director pentru Asia la borkerul de asigurări Aon PLC. "Vor să ştie care sunt circumstanţele în care se desfăşoară această pregătire", a spus Moran. În luna iunie, un comandant al unui avion Wizz Air a fost nevoit să abandoneze procedura de decolare după ce senzorul care măsoară viteza avionului arăta zero. La o examinare ulterioară a avionului a fost descoperit un cuib de insecte în unul dintre tuburile pitot, după ce avionul fusese parcat la sol timp de 12 săptămâni înaintea zborului.
Persons: Gary Moran, Moran, Kate Seaton Organizations: Reuters, Europene, Wizz Air Locations: Asia, borkerul
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