Share to Twitter Share to Linkedin CVS Health said it will re-enter the business of selling individual coverage under the Affordable Care Act for 2022. Citing better market conditions, CVS chief executive Karen Lynch said Tuesday during the company’s fourth quarter earnings call that the ACA business has improved and will be an important part of the company’s strategy. CVS Health’s Aetna health insurance unit left the exchanges four years ago along with other insurers that were unable to manage rising costs of uninsured patients signing up for such coverage. “Our goal is to make health care more accessible, more affordable and simpler,” Lynch said in a statement. “In order to do this, we will accelerate the pace of our progress through targeted investments in key areas that will drive our consumer-focused strategy. We believe that solving consumer health needs will deliver better health outcomes and lower costs while creating future economic benefit for … [Read more...] about CVS Health Will Return Aetna To Obamacare Market
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Share to Twitter Share to Linkedin CVS Health plans to grow its business of selling individual coverage under the Affordable Care Act for 2023 to four new states. The disclosure during the company’s second quarter earnings call Wednesday morning comes a year after CVS Health’s Aetna health insurance unit announced a return to the business of selling individual coverage, also known as Obamacare, under the ACA. CVS left the ACA’s public exchanges five years ago along with other insurers that were unable to manage rising costs of uninsured patients signing up for such coverage. But the Biden administration and the Democratic-controlled Congress have made moves to bolster the health law and expand health insurance options to more Americans. Thus, health insurers like Aetna and others are expanding into new markets, boosting Obamacare enrollment to record numbers of Americans. “As we continue to build our Individual exchange business, we're on track to … [Read more...] about CVS Health Will Expand Obamacare Plans To 12 States
Share to Twitter Share to Linkedin The U.S. Senate’s passage of the Inflation Reduction Act Sunday extends subsidies for millions of Americans who buy individual coverage under the Affordable Care Act known as Obamacare. These subsidies, which had been temporary since the passage of the American Rescue Plan Act last year, increased the financial assistance to those already eligible to buy health insurance under the ACA and also expanded such subsidies to even more largely middle class Americans who “were previously priced out of coverage,” a Kaiser Family Foundation analysis shows. This bill will “save millions of people an average of $800 a year on health insurance premiums,” said Chiquita Brooks-LaSure, Administrator of the Centers for Medicare & Medicaid Services. President Joe Biden is expected to sign the legislation once it passes the House. The three-year extension of the subsidies, which is expected to pass the Democratic-controlled U.S. … [Read more...] about Health Insurers And 13M Enrollees Cheer Senate’s Extension Of Obamacare Credits
Share to Twitter Share to Linkedin Carl Reuterskiöld is the CEO at Qbtech , the technology-first leader in ADHD assessment and testing. If you think of the effort that goes into collecting health information around the world, it boggles the mind. Each year, medical records for millions and millions of people are used to make diagnoses and decisions about patient care. Sometimes a medical record is sent to a specialist halfway around the world to recommend the most appropriate course of action. It might be considered one of the highest uses of health information. At the other end of the scale, most of us have interacted with some means of collecting health data that really goes nowhere. If you have ever used an app that collected minimal health information and offered a nominal incentive to do so, you know the information is more likely to be used for a marketing pitch than to improve health outcomes. Health technology, or healthtech, is an … [Read more...] about How To Improve Health Technologies For Clinical Applications
Share to Twitter Share to Linkedin Why are so many employers reluctant to talk with their employees about the pervasive mental health crisis in the American workplace? According to Mental Health America’s Mind the Workplace 2022 Report , only one-third of employees say their company leadership speaks openly about mental health and well-being. But at Levi Strauss & Company (LS&Co) , they’re setting the gold standard for transparency and taking responsibility for employee mental health. In the last few years, LS&Co has moved employee well-being and mental health to the forefront of business. The company believes it’s on them to respond to the need to prioritize the mental health and well-being of their employees. And that’s just for starters. This forward thinking organization is doing what most company leaders are afraid to do: create a human-centered work culture by talking openly about their own mental health challenges. I sat down with … [Read more...] about Levi Strauss & Company Raises The Bar For How Companies Can Support Employee Mental Health
Share to Twitter Share to Linkedin Over the course of the COVID-19 pandemic, rates of anxiety and depression have spiraled upwards by over 25%, according to the World Health Organization . With over 40 million United States adults impacted by anxiety disorders, people are hungry for actionable tips and approachable tools, especially in a time of great collective stress with little innovation in available treatments. Seed Health , the company behind the award-winning probiotic DS-01™ probiotic and prebiotic supplement, is on a mission to change that. The brand recently launched a Gut-Brain Development Program in partnership with Axial Therapeutics to translate Caltech research into probiotic innovations for neuropsychiatric health, a branch of medicine that focuses on both neurology and psychiatry. The program targets the microbiome-gut-brain axis for mental health, which is important because of its potential benefit to issues like anxiety, depression and … [Read more...] about To Support Mental Wellbeing, Seed Health Launches A Gut-Brain Development Program In Partnership With Axial Therapeutics
Share to Twitter Share to Linkedin CVS Health (NYSE: CVS) is scheduled to report its Q2 2022 results on Wednesday, August 3. We expect CVS stock to trade higher post the results announcement, with Q2 revenue and earnings likely being above the consensus estimates, primarily driven by the post-pandemic recovery in the retail business. However, the company will see a lower contribution from the Covid-19 vaccine administration. Not only do we expect CVS to report an upbeat Q2, we find that CVS stock has more room for growth, as discussed below. Our interactive dashboard analysis on CVS Health’s Earnings Preview has additional details. (1) Revenue expected to be above the consensus estimates Trefis estimates CVS’ Q2 2022 revenues to be around $76.7 billion, reflecting a 6% y-o-y growth, and it compares with the $76.4 billion consensus estimate. While CVS’ Covid-19 vaccine and testing drove its revenue growth in 2021, its contribution is … [Read more...] about What To Expect From CVS Health’s Q2?
When Jack Dorsey announced on Twitter a while back that he sometimes doesn't eat for days , healthy eating advocates responded with a howl of outrage. But even though Dorsey's routine may be extreme, he's certainly not alone in his fascination with "intermittent fasting." "Eating is so last season" According to its many Silicon Valley backers, fasting isn't just a new trendy take on the good, old diet (or anorexia in disguise). It's a science-backed way to promote increased health and productivity. "Eating is so last season; these days all the cool kids fast," joked Arwa Mahdawi in a UK Guardian article chronicling the newfound obsession with not eating in Silicon Valley "where a number of high-profile tech execs extol the transformative power of extreme fasting." The Atlantic has also covered the tech industry's obsession with the idea. The claims of fasting fans aren't entirely baseless. Years of research have shown that calorie restriction increases … [Read more...] about You Don’t Have to Starve Yourself for Days Like Jack Dorsey to Get the Benefits of Fasting
HOLIDAY INJURIES A man with a firecracker injury is treated at Jose Reyes Memorial Center in this photo taken on Jan. 1, 2019. The Department of Health recorded a total of 164 firecracker injuries from Dec. 21, 2019, to Jan. 1, 2020, a decline of 35 percent during the same period in the previous year, which authorities attribute to stricter regulations on the use of firecrackers. —INQUIRER FILE PHOTO MANILA, Philippines — Metro Manila’s 17 local governments have agreed to ban firecrackers in the metropolis to reduce the risks of firecracker injuries and prevent mass gatherings as part of health measures during the new coronavirus pandemic. The Regional Peace and Order Council-National Capital Region (RPOC-NCR) passed a resolution in a meeting last week, enjoining the local governments to pass resolutions or ordinances to implement the prohibition on the use and sale of firecrackers. The ban, however, does not include pyrotechnics. Community fireworks displays are allowed but … [Read more...] about Metro mayors: Firecracker ban part of health measures
Americans could do with new ways to save on healthcare. Obamacare-administered plans are set to get more expensive by up to 50% this year amid uncertainty around federal subsidies that help pay for premiums. The cost of employer-sponsored insurance, meanwhile, continues to jump well above inflation . Many of us are hit with surprise medical bills we can’t afford . advertisement advertisement CoverUS , a startup, has one idea: monetizing our health-related data. Through a new blockchain-based data marketplace, it hopes to generate revenue that could effectively make insurance cheaper and perhaps even encourage us to become healthier, thus cutting the cost of the system overall. It works like this: When you sign up, you download a digital wallet to your phone. Then you populate that wallet with data from an electronic health record (EHR), for which, starting in January 2018, system operators are legally obliged to offer an open API . At the … [Read more...] about Can This App That Lets You Sell Your Health Data Cut Your Health Costs?