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Obama Says Curbing Waste, Abuse Will Help Fund Health-care Strategy

March 11th, 2010

Health

“The health-care system has billions of dollars that should go to patient care and theyre lost each and every year to fraud, to abuse, to massive subsidies that line the pockets of the insurance industry,” he said yesterday at a high school in the St. Louis suburb of St. Charles, Missouri.
Obama is trying to rally public support for the biggest changes to U.S. health care in 45 years in the face of unanimous Republican opposition. He said his proposals show there are ways to pay for - - - - >



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Consumer Group Sues Insurer Over Strategy Adjustments

March 2nd, 2010

Health

“I think for the first time were really scared that were going to be without health insurance,” she said. Fellers especially worried for her 26-year-old daughter, a cancer survivor whose premium has tripled in four years.
Thats why she decided to become a plaintiff in a lawsuit against Californias largest for-profit health insurer on behalf of policyholders who were allegedly pushed to take coverage with fewer benefits and higher deductibles.
In a lawsuit filed in Ventura Superior Court on Monday, Anthem Blue Cross is accused of violating a California law requiring health insurers to offer new, comparable coverage or minimize premium increases - - - - >



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China $125 Billion Health Spending Spurs Ge, Philips Sales Boon

March 1st, 2010

Health

“They dont have the equipment or expertise to treat more serious illnesses,” said Wang, who shivered in the cold as she waited in vain last week to see a physician at Beijing Xiehe Hospital. “Well come back at 4 a.m. tomorrow.”
The 10,000 yuan ($1,460) in life savings the couple brought to pay their costs may become an expense of the past after the Chinese government spends $125 billion to start a national health insurance system. The benefits will be felt beyond the sick as General Electric - - - - >



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Calif. Insurer to Face Questioning Over Rate Hike

February 23rd, 2010

Health

The rate hike by Californias largest for-profit health insurer would affect the companys roughly 700,000 individual policy holders in the state.
The Obama administration has referenced Anthems rate proposal frequently in its arguments for greater federal authority over premiums. On Monday, President Barack Obama put forward a national health care plan that would give the Department of Health and Human Services the authority to deny or limit substantial premium increases or demand rebates for consumers.
The state legislative hearing is the first public examination of the rate proposal, which the insurer announced in November.
On Wednesday, a U.S. House of Representatives committee will - - - - >



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Naacp Elects Brock, 44, as Youngest Board Chairman

February 21st, 2010

Health | ,

Roslyn M. Brock, 44, was chosen to succeed Julian Bond. She had been vice chairman since 2001 and a member of the NAACP for 25 years.
Brock works for Bon Secours Health Systems in Maryland as vice president for advocacy and government relations, and spent 10 years working on health issues for the W.K. Kellogg Foundation. She joins Benjamin Todd Jealous, the 37-year-old CEO of the NAACP, as leader of the 500,000-member organization.
Brock said she plans to focus on pushing for policy changes to eliminate inequality, strengthening the relationship between the national and local NAACP branches and holding people accountable.
“Its not - - - - >



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Obama Urges Lawmakers to Attend Health Meeting In Good Faith

February 21st, 2010

Health

After legislation that would have required all Americans to have insurance while imposing new regulations on insurers stalled in Congress amid Republican opposition, Obama invited congressional leaders from both parties to a meeting Feb. 25 to discuss alternative proposals.
“I hope they come in a spirit of good faith,” Obama said today in his weekly address on the radio and the Internet. “I dont want to see this meeting turn into political theater, with each side simply reciting talking points and trying to score political points.” - - - - >



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Premiums Leap 14 Points On Medicare Private Policies

February 19th, 2010

Health

A study to be released Friday by a major consulting firm found that premiums for Medicare Advantage plans offering medical and prescription drug coverage jumped 14.2 percent on average in 2010, after an increase of only 5.2 percent the previous year. Some 8.5 million elderly and disabled Americans are in the plans, which provide more comprehensive coverage than traditional Medicare.
“These premium increases fit within a broader trend of increased financial pressure on the insured,” said Lindsey Spindle, a vice president of Avalere Health, a data analysis firm that produced the statistical study. “We see very large premium increases and a - - - - >



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Happiness Breeds Healthy Hearts, Cuts Cardiac Risk In Study

February 18th, 2010

Health

Those who scored the highest on a five-point scale measuring joy, happiness, excitement, enthusiasm and contentment were the least likely to have heart disease at the end of the study, according to the report today in the European Heart Journal. The dispositions of the 1,739 volunteers were evaluated by nurses at the start of the 1995 Nova Scotia Health Survey and in 2005.
While positive emotions have been tied to a stronger immune system, less diabetes and higher survival rates, few studies examined whether it protects the - - - - >



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Bayers Condon Sees China Sales Boost Over 20% In Next 5 Years

February 15th, 2010

Health

Sustainable growth is more important than regaining the No. 1 spot that Bayer probably lost last year in China to Pfizer Inc., said Liam Condon, who returned to Germany at the end of last year to run Bayers drug division in its home market. Bayer should remain a “top three company” in China, he said.
“If you see the amount of money the government is investing in health care, for sure the overall market is only going to grow in China,” Condon said. Bayers sales will increase - - - - >



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Overhauls Failure Will Ignite U.s. Health Industry Mergers

February 8th, 2010

Health

With Congress sweeping overhaul of the health system stalled, industry will seek its own answers to a push by government and the private sector to rein in costs, said Curtis Lane, senior managing director at MTS Health Partners, a New York-based equity fund. An aging U.S. population will spur demand for services and, at the same time, boost pressure to control spending, he said.
One solution will be increased consolidation, with companies led by WellPoint Inc., the biggest U.S. insurer by enrollment, and Community Health Systems Inc., - - - - >



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