Insurers to Halt Medicare Plan Sales
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Seven insurance companies have agreed to stop marketing private Medicare plans temporarily amid complaints that agents used illegal or unethical sales tactics, Medicare officials announced yesterday.
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In one of its broadest efforts to rein in what it regards as abusive tax shelter activity among well-to-do professionals, the Internal Revenue Service is seeking to shut down a group of California companies that have sold millions of dollars' worth of insurance and other purportedly tax-favored investments to doctors and dentists.
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WASHINGTON - The Bush administration violated the law by allowing private insurers to limit choices of some patients in a small trial program of managed health care under Medicare, congressional investigators said.
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Medicare beneficiaries will have to pay substantially more next year for coverage of brand-name prescription drugs that keeps them from falling into the "doughnut hole," according to a new report that government officials swiftly criticized as incomplete.
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Insurance broker Coyle Hamilton Willis is to stop accepting controversial contingent commissions from insurers, according to a report this morning.
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WASHINGTON Aug. 19, 2004 - Insurers and drug makers are battling over how the government should set rules for insurers to use in deciding which medicines to cover in the Medicare prescription drug program.
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Few Employers Say They Will Drop Coverage In 2006 When Medicare Drug Law Is Implemented - As businesses struggle to control rising retiree health costs, they are asking their retirees to pay more and plan to do so again in 2005, according to a new survey
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Health insurers that offer HMO-type Medicare plans in Massachusetts say they&#39;re holding the line or even lowering rates on the plans in 2005.
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New Century Financial Corp., the largest independent U.S. subprime mortgage lender, said on Monday its lenders plan to halt financing, pushing the company closer to bankruptcy.
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New Century Financial Corp., the largest independent U.S. subprime mortgage lender, said on Monday its lenders plan to halt financing, pushing the company closer to bankruptcy amid dwindling cash and $8.4 billion in obligations that could come due immediately.
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When people enroll in a Medicare drug plan later this year, the first option for paying their monthly premiums will no longer be through a deduction in their Social Security check. Instead, the government will encourage beneficiaries to pay insurers directly.
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The UnitedHealth Group cut its 2007 revenue forecast yesterday after determining that membership in its full-service Medicare plans for older patients would probably decline âmodestlyâ this year.
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Lawmakers have crafted a six-month reprieve for physicians facing a 10 percent rate cut when treating Medicare patients, congressional aides and advocacy groups said Tuesday.
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Airline backed off from its plan to eliminate its retirees' medical benefits and agreed late Wednesday to continue paying for some of their health care.
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U.S. Medicare officials sought a compromise with private insurers on Monday by dividing the country into more regions, a ruling that could encourage more firms to broaden their health care plan offerings to the elderly.
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Federal investigators said Monday that the Bush administration had improperly allowed some private health plans to limit Medicare patientsâ choice of health care providers, including doctors, nursing homes and home care agencies.
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TUESDAY, Sept. 11 (HealthDay News) -- Some American seniors stop taking medications for chronic health problems such as high blood pressure and diabetes when they exceed spending limits in their Medicare prescription drug plans, new research shows.