California Hospitals Ask Courts To Halt Cuts
Some California hospitals would take a significant and long-lasting hit from Medi-Cal reimbursement cuts recently approved by CMS, according to the California Hospital Association, which this week filed a petition in federal court to put a temporary halt to those reductions. CHA’s lawsuit and injunction request are separate from the court action taken earlier this week by the California Medical Association and other provider organizations (Gorn, 11/23).
Injunction Sought Against Calif. Medicaid Rate Cuts
The latest complaint claims rate cuts submitted by the California Department of Health Care Services and approved by HHS failed to consider provider costs or whether payments were consistent with efficiency, economy and quality of care, as required.
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Everest Re and Lloyd’s names join China Re in reinsuring Syndicate 2003
Catlin has attracted further third-party capital from Everest Re and Lloyd’s names, chief executive Stephen Catlin revealed yesterday.
The new capital providers join China Re, which has agreed to put up £50m to capitalise a new special-purpose syndicate, launching in 2012.
The Lloyd’s names will provide £60m capital on a two-year rolling contract, while Everest Re will provide £26.9m. Insurance Times understands two further special-purpose syndicates will be established to receive the capital from these two new sources.
Catlin plans to announce the final details of the new deals in a week’s time, Stephen Catlin told analysts at yesterday’s investor day.
The new deals will bring the total third-party capital available to Catlin in 2012 to £137m. The three new
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Created in 1994, the Enterprise Investment Scheme (EIS) provides investors with a series of attractive reliefs in return for investing in unquoted companies which may carry a higher degree of risk. How do companies and potential investors qualify to take part in the Scheme?
There are a series of complex rules which govern how companies and individuals can take part in the EIS.
How does a company qualify for the EIS?
- The company must be unquoted – although it may be listed on the AIM / PLUS markets.
- The company must be independent.
- Only ‘small’ companies can join the scheme (i.e. their gross assets must be £7m or less beforehand, and £8m or less after shares are issued). <
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Picking a health insurance plan can feel like receiving a research project – you need to understand the different parts of a plan, research your options, compare health insurance companies, and then make a final decision. But consumers shouldn’t underestimate the value of finding a compatible medical savings account with their health plan.
There are two main types of medical accounts that individuals can choose from including Health Savings Accounts (HSAs) and Flexible Savings Accounts (FSAs). Four things that you should know about each type:
1. What benefits does the account offer.
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Celents Creative Disruption event last week was very well received. For those of you who couldnt make it, I thought you might like to see the video that set the tone for the event. Special thanks to National Western Lifes CIO, Mike Hydanus, and Oregon Mutuals CIO, Bryan Fowler, who shared their views on creative disruption on camera.
Creative Disruption
Some State Farm customers in Alabama will be paying a bit less on their auto insurance premiums starting next month, when the company implements an overall rate cut for policyholders in that state.
A State Farm spokesman confirmed Thursday that the company is reducing rates by an average of 2 percent statewide as of Nov.
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