Health and Benefits News

Iowa Actuaries: Wellmark’s Proposed Increase Too High

A proposed 11 percent rate increase by Wellmark Blue Cross and Blue Shield for Iowa customers who buy their own policies is too high, according to two experts who looked at trends in medical costs and services provided to the …

NAS Insurance Expands Home Health, Nurse Registry Coverage

NAS Insurance Services has expanded its coverage for Home Health Agencies and Nurse Registries. Rates have also been reduced in these select classes. With the transition to electronic medical records, the healthcare industry is facing increased exposure to privacy breaches. …

Lockton Dunning Benefits Acquires Grizzaffi Darby

Dallas-based Lockton Dunning Benefits has acquired Grizzaffi Darby LLC, an employee benefit consulting practice also based in North Texas. Grizzaffi Darby will take the Lockton Dunning Benefits name and will continue serving clients from its current office at 319 West …

Wells Fargo Insurance Services Acquires Prestige Professional Plans

Chicago-based Wells Fargo Insurance Services USA Inc. announced it acquired Prestige Professional Plans, a single office, employee benefits insurance brokerage firm located in Dayton, Ohio. The acquisition closed on Dec. 1, 2010. Terms of the transaction were not disclosed. Serving …

Iowa to Allow Broad Public Access to Wellmark Rate Increase Hearing

Iowa’s Insurance Commissioner Susan Voss announced that she has made arrangements for unprecedented access to a Jan. 6, 2011, hearing that will be held at the Iowa Insurance Division, 330 Maple Street, Des Moines, Iowa. The topic of the hearing …

Texas AG Recovers $65M from Pharmaceutical Company

Mylan Laboratories Inc. has agreed to pay $65 million to state, federal authorities as a result of an agreement with Texas Attorney General Greg Abbott over charges that the firm inaccurately reported drug prices to the Texas Medicaid program. Under …

Wisconsin Settlement with Time Insurance Co. Includes $280K Fine

Wisconsin Insurance Commissioner Sean Dilweg announced a regulatory settlement with Time Insurance Co., a health insurer headquartered in Milwaukee, that includes a forfeiture of $280,000 for failure to correct previously identified problems with company practices in Wisconsin. In addition, the …

Exiting Wisconsin Governor Proud of Health Insurance Achievement

Wisconsin Gov. Jim Doyle, who served as governor longer than any Democrat in the state’s history and along the way expanded health insurance access to nearly every state resident, didn’t always play well in the political sandbox to get what …

Petersen Offers Disability Plan for Military Doctors, Dentists

Petersen International Underwriters has unveiled a new disability insurance program designed specifically for military doctors and dentists. Petersen International Underwriters has found that military professionals are vastly underinsured due to the fact that they are normally paid a bonus income …

Missouri Health Plan Loses Enrollees

Enrollment in Missouri’s health care plan for state workers and retirees has fallen almost 5 percent after the state announced it was making budget-cutting changes that would result in higher out-of-pocket costs for participants. Beginning Jan. 1, the Missouri Consolidated …