Displaying items tagged: health insurance
‘Time will tell’ whether new Sparrow contract boosts Priority Health’s Lansing market share
The new contract with Sparrow Health System provides an opportunity for Priority Health to carve out a much larger presence in the Lansing-area market, although growth may not come easily.
Individual health insurance costs would increase 6.2% on average under proposals
Individuals who buy their own health insurance would pay an average of 6.2 percent more for coverage next year under insurance carriers’ recent rate filings with state regulators.
New state law aims to boost competition for health insurance as large employers seek coverage for workers
Gov. Gretchen Whitmer has signed legislation that is designed to better enable large employers to bid out their employee health coverage.
Major insurers seek 2023 rate increases; small businesses see ‘rough few years’
Michigan’s two largest health insurers again seek to raise small business rates for 2023 as medical claims rise and pandemic-related costs are considered for the first time.
Michigan slips in hospital-payment ranking as health systems also face rising costs
Michigan slipped six spots in RAND Corp.’s latest analysis of what hospitals in the U.S. charge private health insurers compared to what they receive from Medicare.
Whitmer signs health care prior authorization reforms into law
Gov. Gretchen Whitmer has signed legislation that reforms how physicians and hospitals seek prior authorization from health insurers for patient care.
Blue Cross Blue Shield spent $860M on COVID-related claims in 2021; future costs to be factored into rates
The high cost of medical claims tied to the COVID-19 pandemic drove Blue Cross Blue Shield of Michigan to a loss in 2021 on its core health insurance business.
Access Health reopens enrollment for small businesses for first time since 2018
A small Muskegon health plan designed for small businesses has reopened enrollment for the first time in a few years.
Blue Cross Blue Shield invests in Evio Pharmacy Solutions to drive prescription affordability
Blue Cross Blue Shield of Michigan joined four other Blues plans across the U.S. to form a new venture that seeks to reduce the high cost of prescription drugs.
Priority Health exec Marti Lolli named CEO of Utah-based health plan
GRAND RAPIDS — Marti Lolli, an executive at Priority Health for more than two decades, will depart this summer to become president and CEO of SelectHealth, a 950,000-member health plan in Salt Lake City, Utah.
Blue Cross rate adjustments to minimize cost increases for small business customers
Small business clients of Blue Cross Blue Shield of Michigan that renew their health policies in the second half of the year will see small rate increases of less than 2 percent.
Priority Health names health insurance veteran Praveen Thadani as new president
GRAND RAPIDS — Praveen Thadani, a veteran health insurance executive with 25 years of industry experience, becomes Priority Health’s new president early next month.
State officials detail more COVID-19 vaccine plans; major insurers to cover costs
LANSING — State officials expect Michigan to receive nearly 260,000 initial doses of COVID-19 vaccines from Pfizer Inc. and Moderna Inc., based on federal estimates.
Priority Health to issue health coverage rebates to large employers
Priority Health plans to give large employers a rebate early next year on their employee health coverage, a result of lower medical claims from the COVID-19 pandemic.