Consumers were most satisifed with their health plans in markets where there was more competition, but they also favor having to make fewer choices when it comes to their health plan options, according to the J.D. Power 2016 Member Health Plan Study.
Divestitures made during a previous healthcare insurance merger did little to maintain competition among Medicare Advantage plans, reaffirming concerns that the Aetna-Humana merger will increase premiums for seniors and lead to higher costs within the Medicare program, according to a new report from the Centers for American Progress.
The American Hospital Association reinforced its objections to the Anthem-Cigna merger this week, honing in on concerns that the partnership would give Blue Cross Blue Shield plans an even larger share of the health insurance market, raising costs for consumers, and in some cases, pushing competitors out of certain markets altogether, according to a letter sent to the Department of Justice.
Medical hiring trends in 2015 showed an increase both in the number of medical graduates finding employment and in the fierce competition for top talent, according to an analysis by The Medicus Firm.
Telehealth visits are projected to grow to 7 million in 2018--a dramatic increase from 350,000 in 2013. And the global market for telehealth services is projected to hit $34 billion by 2020, As the high-tech ways patients seek care continues to evolve, so too are the ways physicians can take advantage of this growing trend, according to a recent Medpage Today article.
Although telemedicine has been more of a promise than a reality for the last several years, Jason Gorevic, chief executive officer of Teladoc, told Forbes, the time may finally be right for virtual care to take off.
Traditional practices can learn a lot from the new players shaking up the marketplace--convenient care, house calls, at-your-service care, digital health and nurse-led care, according to a new report from PwC's Health Research Institute.
Some of the payers with which you contract may urge patients to use various telemedicine services rather than visit your office. The first step in handling this reality is accepting that such sources of "virtual" competition are here to stay, Lucien W. Roberts, administrator of Gastrointestinal Specialists in Virginia, wrote in a recent post for Physicians Practice.
In light of Anthem's deal to acquire Cigna, as well as Aetna's planned acquisition of Humana, Cigna CEO David Cordani is sticking up for the recent consolidation through the industry.
From Affordable Care Act drama to industry consolidation, health insurance executives have had a rough few months.