Health insurers in Kansas and Oklahoma can’t take more than 20 percent of the revenue they collect in premiums for overhead and profit, after the U.S. today denied requests from the states for more generous limits.
Eight U.S. companies that earned more than $10 billion last year, led by AT&T Inc. , were among recipients of a government program that paid $1.8 billion toward elderly retirees’ health-care costs, a report shows.
Four health insurers led by Cigna Corp. have asked the Obama administration to exempt medical plans they sell to Americans overseas from the 2010 health law, saying a denial may imperil about 1,100 U.S. jobs.
Florida health insurers won’t get a waiver from new rules that limit their administrative costs and profits, said Steve Larsen, director of the U.S. Center for Consumer Information and Insurance Oversight.
A program that allows McDonald’s Corp., the world’s largest restaurant chain, and the insurer Cigna Corp. to avoid providing the minimum health coverage mandated by last year’s overhaul will stop accepting applicants in September, the government said today.
The state of Maine received a three- year waiver to federal rules in the 2010 health law that require health insurers to spend at least 80 percent of premiums on patient care, the U.S. government said today.