Archive for July 26th, 2015

K&K Launches Student Accident Coverage Website

Sunday, July 26th, 2015

kkk

K&K Insurance Group, Inc., a subsidiary of Aon plc, has launched a new website at www.PrivateSchoolK12-kk.com offering K-12 student accident coverage. The website is designed for private, non-boarding K-12 schools and offers the ability to quote and purchase insurance online and receive coverage documents immediately via email.

(more…)

Anthem-Cigna Deal Creates Opportunity, Risk for Brokers

Sunday, July 26th, 2015

streesed

Stressed Heath Insurance Broker Contemplates Future

“Brokers that are comfortable working on a fee-basis will be fine, but the majority of small and mid-size brokers still work on a commission basis, so this could be a real risk for them if they do not have the skill set or culture in their organization to engage clients on a fee-basis,” O’Connor says.

(more…)

Michael Turpin Nails It – Post Merger Market Place & Role of Brokers

Sunday, July 26th, 2015

TURPIN “The only hope is more hospitals/health systems take-risk based contracts as accountable care organizations and fill the national void with myriad local fee standing health plans who can give the remaining national carriers a run for their money and keep competition alive.”

(more…)

The Affordable Consolidation Act Moves the Insurance Market From an Oligopoly to a Duopoly

Sunday, July 26th, 2015

duopoly Only massive bureaucracies with huge compliance and legal departments are equipped to deal with the approximately 40,000 pages of the Patient Protection and Affordable Care Act’s laws and regulations.  It is crushing competition.

(more…)

Nevada School District to Settle Insurance Broker Suit for $1.65M

Sunday, July 26th, 2015

clarkThe Clark County School District in Nevada says it will pay a former insurance broker $1.65 million to settle a lawsuit that claimed the public agency ended the broker’s contract prematurely.

(more…)

Greece’s Costly Health Care Craze

Sunday, July 26th, 2015

envelope

Every stakeholder was benefiting from the system, except one: the patient. In addition to the official costs of care and drugs, there was another price people had to pay: a fee known as “the envelope.”

(more…)