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Walt Bernard Podgurski,  Editor,  440-773-1108,  Walt@DailyInsuranceReport.com

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Daily Insurance Report

Tuesday, 07/25/17

Life / Health / Employee Benefits

Amazon is showing interest in health care, and it's making industry players 'nervous,' says investor
Christina Farr CNBC.com
Amazon is showing interest in health care, and it's making industry players 'nervous,' says investor Amazon is showing interest in health care, and it's making industry players 'nervous,' says investor
Amazon is sending all kinds of signals that it's interested in the health-care industry.
CNBC reported in May that the company was on the hunt for a general manager to lead a new pharmacy unit. Since then, it has brought on a slew of health experts to bolster its cloud offering, Amazon Web Services, and rallied the industry to build applications for its Alexa voice technology. Amazon has also been selling medical supplies online for some time.
That interest is making some players in the health-care industry nervous.'

General Insurance News

New Long Term Care Insurance Companies Bring Number of Active Sellers to 13 - Here Is The List
With more long term care insurance companies coming into the market, there are now 13 different long term care insurance companies actively selling new policies in most states.

How expensive would a single-payer system be?
By Louis Jacobson
The effort to repeal and replace Obamacare has re-ignited the push for a single-payer health care system. But how expensive would it be?
During remarks at the White House to a group of Republican senators, President Donald Trump pushed the visiting lawmakers for repeal-and-replace legislation for the Affordable Care Act.
Trump warned them that some Democrats are becoming increasingly interested in pursuing a "single-payer" health insurance system, in which the federal government, rather than private insurers, pays all medical expenses.
The Democrats have "gone so far left, they're looking for single-payer -- that's what they want," Trump said. "But single-payer will bankrupt our country, because it's more than we take in, for just health care."

Actuaries Commend Payment Of CSRs, Urge Policymakers To Make Payments Permanent
The American Academy of Actuaries commends the administration for taking the positive step of paying the July cost-sharing reduction (CSR) reimbursements. However, the stability and sustainability of the market requires policymakers to fund CSRs on a permanent basis.
“In addition to continued funding of CSRs,” said Uccello, “the stability of the market is reliant on enforcement of the individual responsibility penalty; increased external funding to lower premiums, increase enrollment, and improve the risk pool; and avoidance of legislative and regulatory actions that increase uncertainty.”

This new personalized health and wellness program is now being offered on a select market basis for U.S. Cigna-administered employer-sponsored medical plans.
“Cigna Health Works flips the traditional health care experience on its head to help make health benefits more effective, affordable and user-friendly,” said Michele Paige, Vice President and General Manager of Cigna Onsite Health®. “This new model is based on how the customer wants to consume health care -- it’s about creating value and a new way for health care consumers to get more from their health plan, by ensuring that we are there for them at the places they prefer to go for convenient care.”
“This new level of collaboration with Cigna is a part of the growing trend toward consumer-directed care,” said Helena Foulkes, President of CVS Pharmacy. “By providing information and cues for CVS customers and patients to help them get the most from their Cigna-administered health benefits, we also help them improve their health and reduce their health care costs in a way that’s easy and convenient.”

Other Headlines

The Brilliant Career Advice from Deloitte’s CEO in One Sentence
Amy Elisa Jackson

After just a few moments with Cathy Engelbert, it becomes crystal clear that women can have it all. As the CEO Deloitte, she leads the largest professional services organization in the United States with nearly 80,000 professionals. Engelbert not only knows what it is to lean in at the head of the table, she knows how to wield that power.
Since she took office in 2015, Engelbert has growth the accounting and auditing firm successfully in the face of Brexit, “job-stealing robots” (as she described automation recently), and the competition that is nipping at her heels to transform consultancy. That adds up to $17.5 billion in US revenues in the fiscal year ending May 28, 2016. But beyond the dollars and cents, Engelbert’s work has earned her a 94% approval rating among employees and a spot on Glassdoor’s Highest Rated CEOs list this year.
Her secret to success? “Building a team that brings you solutions instead of challenges, listening to and collaborating with them—that ultimately prioritizes your focus on issues where you can have the most impact, not just scratch items off the to do list,” Engelbert tells Glassdoor. “To me, productivity is directly related to the personal relationships you are able to build.”
To summarize Engelbert’s brilliant leadership strategy in one sentence:
“Prioritize people over tasks.”


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Walt Bernard Podgurski - - Editor