Family insurance costs skyrocket 14%
Posted by admin / Under InsuranceNEW YORK (CNNMoney.com) -- American workers are taking yet another blow to their wallets this year -- a whopping 14% jump in costs to insure their families. The spike comes even as premiums for family coverage rose only 3%. This discrepancy is a result of cost-conscious companies shifting more of the insurance burden onto employees. Employees are paying about $4,000 to buy family insurance in 2010, $482 more than they did last year, the Kaiser Family Foundation said Thursday. Companies still pay the bulk -- nearly $9,800 for a family of four -- but that was down a little from...
The End Of Our Company-Paid Health Insurance
Posted by admin / Under InsuranceFor 15 years, I have taken pride in paying the full cost of health insurance for every full-time Palisades Hudson employee who wanted it. This month marks the last time I will do that. Beginning in October, our 20 employees will make their own decisions, and their own arrangements, regarding health coverage.[...]When they wrote this years legislation, policymakers had a choice: They could emphasize near-universal coverage, or they could emphasize controlling costs. They opted for near-universal coverage. As a result, business owners and higher income Americans (many of whom, like me, are one and the same) will soon pay an...
Ky. court rules Christian-only health plan is insurance
Posted by admin / Under Insurance(No story. Link only. Interesting thought.)
Dog who ate beehive wins unusual pet insurance award
Posted by admin / Under InsuranceLOS ANGELES (Reuters) A Labrador that ate a beehive containing pesticides and thousands of dead bees won an award on Monday that recognized the most unusual pet health insurance claim in the United States. Ellie, who fully recovered from her encounter with the beehive in southern California, beat a border collie that ran through a window to get at a mailman, and a terrier that bit a chainsaw. She won a bronze trophy in the shape of a ham, and basket of toys and doggie treats. The winner was announced on Monday by the Veterinary Pet Insurance Co (VPI)...
Stacy, the EIB Insurance Expert (under 35, preexisting condition, free Commiecare costs $12,340/yr)
Posted by admin / Under InsuranceStacy, the EIB Insurance ExpertAugust 20, 2010 BEGIN TRANSCRIPT RUSH: Here's Stacy from somewhere in Georgia. She is our semi-regular caller keeping us up to speed on health care and health insurance. She's our insurance analyst. Stacy, as always, welcome back. Great to have you here. CALLER: Hey, Rush. Great to talk to you. RUSH: Thank you. CALLER: And for the NAGs out there, the problem is you. RUSH: (laughing) CALLER: I solved that real quick and they didn't even have to rent a conference room. But, listen, I have found some truly delicious information. RUSH: On? CALLER: On these...
UNC Changes Health Insurance Over Abortion (You may opt out - but you still pay for Commiecare)
Posted by admin / Under InsuranceUNC Changes Health Insurance Over AbortionPosted: 7:36 AM Aug 13, 2010 The University of North Carolina will let students remove coverage for elective abortions from their university-sponsored health insurance after a national group complained about the coverage. UNC system President Erskine Bowles on Thursday directed a student insurance company to contact students who have bought a policy this fall and give them the chance to opt out of that coverage. Students for Life of America started a petition drive this week demanding the UNC Board of Governors remove the abortion provision. Group President Kristan Hawkins said students shouldn't be required...
University of North Carolina to Force Students to Pay for Abortion-Providing Insurance
Posted by admin / Under InsuranceTuesday August 10, 2010 University of North Carolina to Force Students to Pay for Abortion-Providing Insurance By James TillmanCHAPEL HILL, North Carolina, August 10, 2010 (LifeSiteNews.com) - This coming school year, students at the University of North Carolina who do not have or cannot afford their own private health insurance will be required to buy into a state-selected health insurance plan that funds abortions.The fact that North Carolina students are going to be forced to pay for elective abortions is appalling," said Kristan Hawkins, Executive Director of Students for Life of America, which discovered the abortion mandate. "Students should...
Study Finds Higher Insurance Claims for Hybrids
Posted by admin / Under InsuranceSYNOPSIS: Reason may be location related due to heavy concentration in urban settings. Hybrid vehicles overall have higher collision claim frequencies and a 6.5 percent, or $182, higher average claim severity than gas-powered vehicles, according to a Mitchell International Inc. study.The study
Missouri Shows 'Em
Posted by admin / Under InsurancePower: Show Me State voters overwhelmingly rejected the federal mandate to buy health insurance. Those who ignored the consent of the governed to pass ObamaCare take heed: The governed no longer consent. It is fitting that Missouri was the first state to hold a public referendum on ObamaCare, sending the notion that government can shred the Constitution to impose its will to a crushing defeat with three-quarters of the voters approving Proposition C. The measure would forbid the federal government from penalizing people who do not buy health insurance. A year ago, on Aug. 6, 2009, Kenneth Gladney, an African-American...
Insurers Cling To Beneficiaries Money
Posted by admin / Under InsuranceImagine that a man walks up to you with a proposal. Hed like you to lend him a large sum of money, possibly most of your worldly wealth, at an interest rate of less than 1 percent. And then he says yes on your behalf. In an excellent piece of reporting by David Evans, Bloomberg Markets magazine last week drew attention to the fact that many insurance companies are effectively doing just that. Instead of sending checks to the beneficiaries of life insurance policies, including relatives of soldiers killed on the battlefield, companies like Prudential and MetLife are sending IOUs...



