The Colorado Division of Insurance has finished compiling and organizing the data for 2008. Visit the Colorado Health Insurance Company Complaint Ratio Comparison page to see the updated complaint, revenue, and market share statistics from the division of insurance along with the A.M. Best Rating information we’ve added […]
Anthem Blue Cross
Prevention Versus Early Detection
Much has been said about the merits of preventive medicine. It’s been a major talking point for politicians on both sides of the aisle throughout the health care reform debate. Whatever reform measures end up being enacted, there is likely to be an enhanced focus on screening tests. […] But does preventive medicine really help? […]
Anthem Blue Cross And Boulder Chamber Offer New Health Insurance
[…] This is a big step forward for health insurance. Boulder is a great place to start something like this, as residents there do utilize alternative health care a bit more than the average Colorado resident. But over the years, we’ve had inquiries from people all over the state who are looking for a health insurance policy that will allow them to utilize alternative care. […]
Medical Underwriting And Policy Rescission
[…] Electronic medical records that allow underwriters to see complete medical histories at the time of application would greatly reduce the number of policy recissions. Then again, there’s a lot of talk on the table right now about eliminating medical underwriting all together, which would solve the problem once and for all.
Profitability And The Health Insurance Industry
[…] The industry as a whole chalked up a profit margin of more than 10% in 2007, but that was carried by the life insurance side of the industry. Health insurance companies don’t fare nearly as well when it comes to making profits. Far more of their revenues are eaten up by claims, which continue to grow year after year as health care costs increase.
Designing An Effective, Enforceable, Individual Mandate
[…] As readers of the Colorado Health Insurance Insider know, Insurance markets pool risk. An insurance system will only work if the exposures of low risk individuals are pooled together with the exposures of higher risk individuals. Life insurance, homeowner’s insurance, auto insurance; they all work the same way. If health insurers are required to offer guaranteed access without an effective mandate requiring all Americans to maintain coverage, there would be a clear disincentive for healthy people to secure or maintain coverage. […]
Gay Marriage And Health Insurance Benefits
I am not sure where to begin dissecting the logic in RNC Chairman Michael Steel’s recent attempt to sway public opinion on gay marriage. He is trying to turn gay marriage into an economic issue by maintaining that it will hurt profits for businesses if they have to provide health insurance benefits to partners of gay employees. […]
Too Important To Fail
[…] I would argue that instead of being considered too big to fail, major health insurance carriers might be seen as too important to fail. AIG’s collapse would have been primarily indirect, but health insurance companies work directly with individual Americans. Even in large groups, individual employees are the ones who carry the id cards with the insurance carrier’s logo on them. […]
Preventive Colon Cancer Screeing In Colorado
[…] The changes will go into effect on July 1, 2009 and will require all Colorado health insurance providers to cover preventive colon cancer screening for policy holders over the age of 50, and screening for younger policy holders who are considered at high risk for colon cancer. The legislation pertains to both individual and group health insurance policies. […]
Same Sex Domestic Partner Coverage From Anthem
We’re pleased to report that Anthem Blue Cross Blue Shield is now offering same sex domestic partner coverage on individual health insurance policies in Colorado. Many large group plans have been offering coverage for same sex domestic partners for a while now, but this hasn’t been the case in the individual health insurance market. […]
Expanding Health Insurance Coverage In Colorado
[…] Increasing the income limits and enrolling more people doesn’t require additional infrastructure or administrative changes. Working within our current framework, but with expanded enrollment, seems to be an efficient way of going about this process. It’s also probably the quickest way to actually get health insurance coverage to Colorado residents who need it.
Some Thoughts On Colorado HB1224
[…] I looked at premiums for $5,000 deductible HSA qualified policies from Anthem Blue Cross Blue Shield, Aetna, Assurant, Cigna, Humana, and United HealthOne. If lawmakers disallow the use of gender to determine individual health insurance premiums in Colorado, younger women and older men will have lower premiums, while younger men and older women will have higher premiums. There won’t be any actual benefit to the overall population – health insurance premiums will just be averaged for men and women.
Anthem Blue Cross Donates $1.6 Million In Colorado
The Anthem Blue Cross Blue Shield Foundation and Anthem employees donated $1.6 million in 2008 to a wide range of organizations dedicated to improving health and wellness in Colorado. One of the recipients was the Colorado Coalition for the Medically Underserved, an organization that advocates for people in Colorado who are without health insurance. […]
Non-Profit Does Not Necessarily Mean Low Cost
I recently posted an article on the Colorado Health Insurance Insider about my views on making Medicare available as an opt-in option for Americans younger than 65. I got a comment on the article that I thought brought up some good points and wanted to expand on some of the ideas. The reader pointed out that a good number of private health insurance plans are non-profit […]
Big Pharma Likes The Free Market
[…] What it really boils down to is that it doesn’t matter how great the drugs are if people can’t afford them. Here in Colorado we’ve seen more and more health insurance carriers increase copays for drugs, add prescription deductibles, or cover only generic drugs in an effort to keep prescription costs under control. […]
The Future Of Our Health Care System
[…] Here in Colorado, Cigna has just started offering individual health insurance policies, and Anthem Blue Cross Blue Shield has rolled out their new Smart Sense plan for individuals. I doubt that reputable carriers like Cigna and Anthem would be putting time and money into new plans if they sensed single payer health care just around the corner.
Autism And Health Insurance
[…] In Colorado, health insurance carriers are not required to pay for behavior therapy to treat autism. But what if the government stepped in with a program like Medicare for autism? The government could negotiate lower reimbursement rates, but because all children with autism would be receiving care there would be an increased volume for providers.
Anthem Blue Cross Introducing SmartSense In Colorado
[…] I’m a big fan of no-frills health insurance policies. I like high deductible policies with solid coverage after the deductible is met. We’re excited to see more details about SmartSense, but at first glance it’s looking like it will be a good option for clients in Colorado who are looking for a policy from a reputable insurer at an affordable price.
What To Look For When You Choose A Health Insurance Policy
John Martie, President of Anthem Blue Cross Blue Shield in Colorado, has written an article with pointers consumers can use when choosing a health insurance policy. His article focuses on group coverage, but I think his advice is just as pertinent for people searching for their own health insurance in the individual market. […]
How HB1355 Will Affect Our Colorado Clients
[…] HB1355 prohibits any type of rating based on health history of a group. So while I’m sure the businesses that had been paying an increased rate for their health insurance will be grateful to see the implementation of HB1355, there are four Colorado businesses that I know will not benefit at all, and will actually see significantly higher health insurance premiums next year.
The Cost Of Individual Health Insurance In Colorado
[…] Of course Colorado – like most states – uses medical underwriting on individual health insurance policies. And if underwriting were no longer allowed on Colorado policies, we could very well see the average family premium exceed $700/month. But for now, $5000 goes a long way towards paying for a health insurance policy in Colorado. […]
Lower Rate Increases Often Come With Fewer Benefits
[…] Once HB1355 takes effect in Colorado in January, we’re likely to see even more small businesses switching to lower-cost, high deductible health insurance plans. HSAs will eventually lead to more transparency in health care and more savvy consumers. But it will be a bumpy road for families adjusting to the change
Dangerous Bill To Be Aimed at the Individual Market
[…] if you currently have pre-existing health conditions and would like to double or triple your health insurance premiums, contact your legislators and tell them to remove underwriting from individual/family health insurance in Colorado so healthy people no longer have a reason to purchase coverage for the possibility of future health problems.
Complaint Ratios Updated With 2007 Data
The Colorado Division of Insurance has finished compiling and organizing the data for 2007. Visit the Colorado Health Insurance Company Complaint Ratio Comparison page to see the updated complaint, revenue, and market share statistics from the division of insurance along with the A.M. Best Rating information we’ve added alongside. We hope this makes it easier for you to shop for health insurance in Colorado, but you can always contact us for our expert assistance at no cost!
A New Transparency Tool From Anthem Blue Cross Blue Shield
Anthem Blue Cross Blue Shield has introduced a useful tool for their Colorado health insurance members. It’s time to lift the veil of secrecy that surrounds network negotiated pricing. Health care is too important – and way too expensive – for consumers to have to guess when it comes to pricing and picking a provider […]