Humana CEO: We're part of the problem
With more than 13 million customers, Humana is one of the largest U.S. health insurance companies. But, according to Humana’s president and CEO Bruce Broussard, the Louisville, Ky.-based insurer is in the business of health outcomes, not insurance underwriting.
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The Affordable Care Act has increased the burden for benefit professionals and forced employers to alter their business practices to comply with the health care reform law, industry experts told Congress. more »
It’s not often a company finds itself in a market position where it has the flexibility and agility of a newcomer, along with a storied history that provides name recognition and a solid base of existing expertise. Global financial services giant AXA is in this sweet spot as it enters the U.S. employee benefit business for the first time. more »
A third of employers say they’ve experienced fines and penalties in the past year because of non-compliance with government regulations, many of which they are simply unaware of. For many, expert advice from benefit advisers could be a real solution. more »
The Internal Revenue Service and the Treasury Department have issued guidance aimed at making it easier for taxpayers to be automatically enrolled in retirement plans such as 401(k) and 403(b) plans by their employers, simplifying the correction methods if errors are made. more »
Avoiding the Affordable Care Act's excise tax, set to take effect in 2018, is front-of-mind for many benefits decision-makers. more »
UnitedHealth Group Inc. agreed to buy Catamaran Corp. for about $12.8 billion, bulking up its drug-benefits business to get better negotiating power in talks with pharmaceutical companies over prices. more »
Aetna has agreed to reduce out-of-pocket payments for most HIV and AIDS medicines after pressure from an advocacy group, revising coverage that had some patients paying $1,000 a month for the drugs. more »
At current savings rates, Americans are on track to replace over half of their current income in retirement. Having access to a workplace-sponsored retirement plan, meanwhile, is the No. 1 factor in determining retirement success. more »
Aflac says it will now pay out certain voluntary benefit claims in one business day, an announcement that industry experts say will likely force competitors to follow suit. more »
Premera Blue Cross, serving the Northwest and Alaska, was hacked beginning last May, and even more sensitive data was exposed than in the Anthem hack. more »
Controlling rising health care costs is crucial for all employers, and conducting regular dependent eligibility audits can help. more »
Starwood Hotels & Resorts Worldwide is the latest big-name company to move its active employee base to a private exchange, joining other brand-name companies such as Time, Inc., Sears, Darden Restaurants and Walgreens. more »
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