Corporate Private Medical Insurance - Medical Insurance

Corporate Private Medical Insurance - Medical Insurance

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Obamacare: Massachusetts Storm Warning First Things (blog)

25.05.10

The four major Massachusetts health insurers yesterday posted first-quarter losses totaling more than $150 million, with three of them blaming the bulk of the losses on the Patrick administration’s decision to cap rate increases for individuals and small businesses.The carriers attributed $116 million of their $152 million in losses to the April 1 ruling by the state Division of Insurance to deny most proposed premium increases for the so-called small-group market. That category covers 800,000 residents who are self-insured or employed by companies with 50 or fewer employees.

Yesterday’s financial reports renewed the dispute between state officials, who say they are protecting consumers from excessive rate hikes, and the health insurance industry, which complains it is being unfairly blamed for surging medical costs and being forced to sell policies at rates that cause them to lose money. “The health plans are not collecting enough premiums to cover their costs,’’ said Lora Pellegrini, president and chief executive of the Massachusetts Association of Health Plans. “These results support what we’ve said: that the plans would lose millions of dollars from this scheme and it would do nothing to control underlying health care costs.’’ Source:

More benefits for employees

Employees across the UK have a lot to look forward to in the next year despite the apparent doom and gloom surrounding businesses during the recession. Over one in five employers have said they plan to increase the healthcare benefits available to their workforce during the coming year according to an annual survey carried out by Employee Benefits magazine. Costs are being cut in all areas of businesses at the moment but it seems that private health insurance is one area that is still considered a priority by managers and company owners. The health of a company’s workforce may not be immediately considered to be essential to success but it can ultimately affect efficiency and the importance of this has evidently been recognised by these 22 percent of businesses who took part in the survey.


There are many advantages to having a corporate private medical insurance policy and the cost can prove to be very well spent over the long term. Sick days are a major cost to companies and are especially noticeable in smaller businesses. These can be reduced through private health cover by getting staff treated in a much quicker time than they would have on the NHS. Also, by offering good benefits to staff, higher calibre applicants will be attracted to any vacancy that may come up and the overall performance of the business could improve. Finally, private health insurance is a good way for employers to show their staff that they really care about their wellbeing and make it a better place to work in generally. If employees feel good about their job, they are more likely to work harder and less likely to leave the company, reducing time and hassle in finding a replacement.

Source: Health & Medical Insurance Information

A Short Course in Brain Surgery

of "single-payer", government-run health care systems as practiced in Canada. ... Sicko Michael Moore health care solution politics ...

Corporate Private Medical Insurance - News


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