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June 14, 2011

Today’s issue is brought to you by AIS's Health Plan Week, the industry's leading source of objective business, financial and regulatory news of the health insurance industry.

 
Today's Featured Story
Medical Costs Make Pet Owners Howl, But Are Pet Insurer Partnerships Paws-ible?
Reprinted from Health Plan Week

Cutting-edge technology and medical procedures once available only to humans are allowing pets to live longer and healthier lives, but have pushed veterinarian bills higher. And the bigger vet bills have led to double-digit annual increases in the sale of pet insurance over the past several years. Although pet insurance as a voluntary benefit is becoming more common, Aetna Inc. appears to be the only health insurer to have forged a partnership with a pet insurance company .... Read Full Story

 

From the AIS Blogs

Too Many Agents, Too Little Time?

An interesting dilemma has come up with regard to sales brokers/agents this upcoming Annual Enrollment Period (AEP). Due to the shortened marketing period and the revised AEP, many Medicare Part D and Medicare Advantage plans are beefing up their agent/broker staffing. According to Bernie Lillis, executive vice president of business development for Insurance Dialogue, a health care business solution provider, 85% of enrollments will be done in the first seven weeks of the AEP. This leads to the issues of how to keep agents and brokers engaged through Dec. 7 and what to do with them at the end of the AEP, he told listeners at a recent webinar .... Read more

 

Quote of the Day

“I think as a country we’ve done a great job of documenting [health disparities for minority and low-income residents]. But at this rate, if we don’t do something about health disparities instead of just documenting it, the gap will continue to rise … and costs will be unsustainable.”

- Herbert Smitherman, Jr., M.D. assistant dean of community and urban health and associate professor of internal medicine at Wayne State University School of Medicine, told AIS’s Health Reform Week.

Click here to read the AIS's HEALTH REFORM WEEK article in which this quote appeared. (Free for HRW subscribers; $17 for non-subscribers).

 

Today's Datapoint

$14 million … was earned in 2010 by Blue Shield of California’s 10 highest-paid executives, with CEO Bruce Bodaken leading the pack at $4.6 million, according to documents made public recently by the California Department of Insurance.

From HEALTH PLAN WEEK.

 

FierceHealthPayer News from our partner FierceMarkets

Rate hikes would prompt public hearings in Connecticut

If insurers operating in Connecticut want to increase their premium rates, they might first have to submit to public hearings if Gov. Dannel Malloy signs legislation into law .... Read more

 

Today from Washington

People on the Move

Alnylam Pharmaceuticals, Inc. promoted Akshay K. Vaishnaw, M.D., to chief medical officer. Vaishnaw was senior vice president of clinical research….Genesys Health System in Flint, Mich., promoted Nancy Haywood to chief financial officer. Haywood was director of financial and strategic planning.

 

Today's Featured Health Business Job Opening

Confidential Managed Healthcare Services Company
Director, Internal Audit
Metro NY/NJ Area

Place Your Ad Here
 

Content questions or suggestions should be directed to BJ Taylor, editor of AIS's HEALTH BUSINESS DAILY, at bjtaylor@aishealth.com. If you are interested in sponsoring AIS's HEALTH BUSINESS DAILY, please contact Bailey Sterrett at bsterrett@aishealth.com.

AIS's HEALTH BUSINESS DAILY is copyrighted and protected by federal law. The re-use of its content is restricted (see below). However, you are permitted to forward this e-mail to as many of your friends and colleagues as you wish, or better yet have them sign up for their own copy at http://www.magnetmail.net/actions/ atlantic_subscription.cfm, where you can also sign up for AIS's Government News of the Week. Copyright © 2011 Atlantic Information Services, Inc. (AIS). All rights reserved. It is not permissible to include all or any portion of this content on any Web site, intranet or electronic network or in any print publication, without AIS's written permission in advance. Permission requests should be directed to rbiehl@aishealth.com.

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Upcoming Webinars

Strategies for Managing Part D Specialty Formulary Tiers
Wednesday, June 15, 2011

Click here for details.

Insurance Exchanges: How Health Plans and Employers Should Prepare for the Radical Changes Ahead
Tuesday, June 21, 2011

Click here for details.

Medical Loss Ratio Regs: What 2010 Data Suggest About Potentially Huge Rebates in 2011
Thursday, June 23, 2011

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Commercial ACO Results and Strategies: A Case Study in Three-Way Risk Sharing
Thursday, June 30, 2011

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Accounting for HIPAA Disclosures in EHRs: How to Comply with Onerous New HHS Rules
Thursday, July 7, 2011

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Health Plans vs. Drug Coupons: Tactics to Combat Brand-Name Drug Promotions
Wednesday, July 13, 2011

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Payer Strategies to Manage High-Cost Specialty Drugs That Will Hit the Market Soon
Thursday, July 14, 2011

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Guide to Health Insurance Reform
 
 
AIS's Health Business Daily