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“NYC dropped record $10.3B on healthcare last year” The Big Apple dropped a record $10.3 billion on healthcare last year — mostly for its own government workers — helping New York earn the dubious distinction of spending more on the services than any state except Alaska. The finding was quietly reported in a city Health…
In June, U.S. insurance giant Aflac disclosed a data breach where hackers stole customers’ personal information, including Social Security numbers and health information, without saying how many victims were affected. On Tuesday, the company confirmed it has begun notifying around 22.65 million people whose data was stolen during the cyberattack. In a filing with the…
While Alan is better known as a health insurance company, the French startup has always tried to offer more than insurance coverage. It now wants to build a super app for all things related to healthcare, and announced three new product updates on Tuesday morning, including an AI chatbot that’s vetted by doctors. Alan has…
Alan, the French insurance unicorn, just signed a multi-faceted deal with Belfius, one the largest banks in Belgium, that includes a distribution partnership along with a significant financial investment in the startup. Belfius is leading Alan’s Series F funding round of €173 million (around $193 million at current exchange rates). Some of Alan’s existing investors…
U.S. health insurer Cigna ended its attempts to merge with competitor Humana after the two companies failed to reach an agreement, The Wall Street Journal (WSJ) reported. The two health insurance giants spent recent weeks discussing a potential merger that would’ve produced a powerhouse company worth an estimated $140 billion by the end of the…
The amount of employer-provided private insurance funds spent on mental health services rose by over 50 percent since the start of the COVID-19 pandemic, according to a new study. The study, published Friday in JAMA Health Forum by RAND Corporation and Castlight Health experts, found that between January 2019 and August 2022, spending and the utilization of…
“United Furniture owner David Belford ‘disappeared’ after firing 2,700 workers” The owner of United Furniture Industries — which last week fired 2,700 workers through texts and emails while they slept — has disappeared after squabbling with the company’s board and bankers over whether to file for bankruptcy, The Post has learned. David Belford, a wealthy…
“NYC retirees sue Adams administration for $55M… over $15 health-care copays” Retired New York City government workers — who enjoy among the most generous taxpayer-provided health benefits in the U.S. — are suing Mayor Eric Adams and the city for $55 million over $15 copays for doctors visits. The Manhattan Supreme Court class-action suit was filed…
“Mayor Eric Adams’ nuclear option would save NYC billions in retiree healthcare costs” New York City is needlessly losing $50 million a month meeting its obligation to cover retired municipal workers’ health-care costs; most unions are on board with a plan that would save that cash while giving each retiree options. But because the City…
“#Delta Air Lines to charge unvaccinated staff more for health insurance” Delta Air Lines on Wednesday said employees will have to pay $200 more every month for their company-sponsored healthcare plan if they choose to not vaccinate against COVID-19. The move to add a surcharge to health insurance contributions is the latest tactic by corporate America to push…