Debra Smith holds her medical bills in her living room on Thursday, October 7, 2021, in Spring Hill, Tenn. Smith figures she has around $10,000 in unpaid medical bills from a string of hospital stays over the past year, even though she has coverage through Medicare. She hasn’t been able to make much progress paying … Read more
mixetto | E+ | Getty Images Medical debt has dropped during the pandemic, but that trajectory could reverse course in the coming months, new research suggests. The share of adults ages 18 through 64 who carry medical debt dropped to 16.8% in April 2021 from 23.6% in March 2019, according to a new study from … Read more
Health-care stocks have outperformed the broader stock market this year. The Health Care Select Sector SPDR Fund (XLV) – Get Health Care Select Sector SPDR Fund Reportthe biggest health-care ETF, has slid 9% this year, compared with the 15% drop for the S&P 500. Bank of America strategists are impressed with the sector. It represents … Read more
Yogesh Agarwal, founder and CEO of Onsurity, an insurance brokerage firm, said that a health insurance subscription model can provide holistic health and wellness benefits for India’s missing middle. “We believe that a true subscription model will effectively cover both IPD (in-patient department) care and OPD costs. In that case, if you subscribe to a … Read more
Health care sharing ministries in Colorado would be required to report their operations to the state if new regulations passed by Democrat lawmakers on Thursday are signed into law. Health care sharing ministries have surged in popularity in recent years, with supporters describing them as cheaper alternatives to insurance and opponents calling them scams. If … Read more
Health insurance premium is set to rise this fiscal on the back of rising medical costs and high Covid-19 claims. While a number of insurers have already announced hikes in their retail health insurance products, others are expected to raise in the coming months. “High Covid-19 claims have impacted many insurers in the last year. … Read more
PETAL, Miss. (WDAM) – A new clinic in Petal offers an alternative to typical healthcare. Mid-South Direct Primary Care is a cash pay clinic, which reportedly eliminates the use of health insurance. Physician Ashlee Hendry and Nurse Practitioner David Snodgrass left their jobs after spending years at other Pine Belt facilities to work for this … Read more
The demand for health insurance in India remained strong in FY22, with an overall growth of 25%, despite high medical inflation, according to the Indian Health Insurance report by Motilal Oswal Financial Services Limited (MOFSL). Among Asian countries in 2021, India had seen the highest medical inflation rate of 14%, followed by China (12%), Indonesia … Read more
If you’re eligible for health savings account contributions, you can deposit more money starting in 2023, thanks to an inflation adjustment from the IRS. In 2023, you can save up to $3,850 with an individual health insurance plan, up from $3,650 in 2022, the IRS announced Friday. And you can soon contribute up to $7,750 … Read more
Choreography | iStock | Getty Images For Medicare beneficiaries wondering whether their Part B premiums could be reduced, the waiting continues. More than three months after Health and Human Services Secretary Xavier Becerra ordered a reassessment of this year’s $170.10 standard monthly premium — a bigger-than-expected jump from $148.50 in 2021 — it remains uncertain … Read more