Preparing to enter its second year, one of Gov. Jared Polis’ signature health care policies is now facing significant questions raised by insurers about its sustainability. The dispute has to do with a health insurance program called the Colorado Option.
In a last-minute agreement, Vermont’s largest health care provider and the nation’s largest health insurance company will extend their current contract until the end of the year, preserving access to in-network coverage for about 2,600 Vermonters and New Yorkers.
There is an aggressive campaign by the health insurance industry and its allies to stop the Biden proposal. It would significantly lower payments — by billions of dollars a year — to Medicare Advantage, the private plans that now cover about half of the government’s health program for older Americans.
Health insurance companies will be under much more scrutiny going forward. The Joint Commission on Administrative Rules passed a new set of rules for how the Department of Insurance will enforce the Network Adequacy and Transparency Act.
A Minneapolis provider of health benefit plans has secured more capital from investors to expand is insurance coverage in the U.S. Gravie, also one of the largest venture-backed companies in Minnesota, recently announced $179 million in new growth equity funding.
Gov. Gavin Newsom, whose administration is struggling to contain a worsening homelessness crisis despite record spending, is trying something bold: tapping federal healthcare funding to cover rent for homeless people and those at risk of losing their housing.