Tag: Insurance
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Supreme Court denies review of decision upholding Commissioner’s Fair Claims Settlement Practices Regulations
(Los Angeles, CA – Insurance News 360) – A decade of legal battles over the implementation of the Unfair Insurance Practices Act (UIPA), the California Supreme Court denied review of the 4th Appellate District’s decision that upheld Commissioner Dave Jones’ Fair Claims Settlement Practices Regulations. The regulations detail how insurance claims must be processed, and are…
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California releases report on prescription drug costs and insurance costs
(Sacramento, CA – Insurance News 360) – On Jan. 2, the California Department of Insurance released the Prescription Drug Cost Transparency Report, which compiles information from nine health insurers about prescription drug coverage. The report includes information on prescription drugs dispensed at a plan pharmacy, network pharmacy, or mail order pharmacy for outpatient use, and…
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Job openings, hiring fall in November
(Washington, DC – Insurance News 360) – The U.S. Bureau of Labor Statistics’ Job Opening and Labor Turnover Survey for November revealed a drop to 6.9 million openings and a slight decrease in hires to 5.7 million, and a slight fall in quits to 3.4 million. Job openings dropped 243,000 to 6.9 percent on the…
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Enrollees with high deductibles engage more in healthcare than traditional plan enrollees
(Washington, D.C. – Insurance News 360) – The 14th annual survey of consumer engagement in health care shows that consumers are more cost-conscious and seek more information than in years past. The Employee Benefit Research Institute and Greenwald & Associates conducted a consumer engagement survey that looked at value-based health insurance design, growth of high…
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Two pharmacy benefit managers received licenses under the Arkansas Pharmacy Benefits Manager Licensure Act, which was signed into law on March 20, 2018.
(Little Rock, AR – Insurance News 360) – Arkansas Insurance Commissioner Allen Kerr made a statement on Jan. 7. “Thanks to the hard work of Arkansas Insurance Department staff, we are able to issue these first licenses for pharmacy benefit managers following the passage of the new law in March. This law protects Arkansas consumers…