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HomeHero closes door on home-care startup

A promising Los Angeles startup is shutting down. HomeHero is ceasing operations as a non-medical home care provider that leverages technology to help families and health systems find, hire and manage quality in-home care for seniors. In a blog post announcing the decision, co-founder and CEO Kyle Hill said the company “lost its core identity” when it switched from independent contractors to W-2 employees. The move was necessitated by a… Read Article →

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Speaking of 50 state laboratories

Regular readers know that we’ve always been major cheerleaders for the state laboratory idea. That is, that each state should be free to experiment with whichever healthcare model it deems appropriate. Being the precursor to ObamaCare, Massachusetts of course comes immediately to mind. But we also note that both Colorado and Vermont have tried their hands at the universal or single payer model, with “rousing” success (for certain values of… Read Article →

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UK insurers hit back at 'crazy' personal injury rate change as share prices tumble

Direct Line, another insurer, said it was “disappointed” at the decision, which will reduce its pre-tax profits this year by between £215m and £230m. The insurer’s capital coverage ratio – the measure of a company’s ability to meet its financial obligations – will also suffer. Shares in the company tumbled 7pc as a result.  The discount rate is set by the Lord Chancellor and is used by courts to calculate future loss in… Read Article →

13.1 Million Americans Own Medicare Supplement Insurance Reports Association

Los Angeles, CA, February 26, 2017 –(PR.com)– The number of Americans who have Medicare Supplement insurance protection increased according to a report released today by the American Association for Medicare Supplement Insurance. “In 2016, some 13.1 million Americans had Medicare Supplement insurance also commonly referred to as Medigap coverage,” states Jesse Slome, director of the American Association for Medicare Supplement Insurance (AAMSI). This represents an increase of 7.5 percent from… Read Article →

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Giant deal for Atlanta-based Merial gets final U.S. government OK

A giant deal involving Atlanta-based animal health company Merial has gotten a final green light from U.S. regulators. In the deal, announced last June, Boehringer Ingelheim has acquired Sanofi’s animal care subsidiary, Merial, valued at $13.53 billion, and Sanofi took over Boehringer Ingelheim’s consumer health care business unit, valued at $7.98 billion, as well as cash compensation of $5.54 billion. The Federal Trade Commission on Feb. 24 approved a final… Read Article →

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The ObamaCare Success Story: Zip, nada and zilch.

Not that this is really news, but it’s nice to have confirmation of something we’ve known all along: “The best statistical estimate for the number of lives saved each year by the Affordable Care Act (ACA) is zero.” [bold in original] The problem is that, while it’s certainly true that lives are saved every day, there’s really no way top quantify how many of those are the result of ObamaPlans,… Read Article →

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City gives blessing to Unilever food break-up

Unilever had considered a separation and a move to a single listing 12 years ago, but dismissed the idea because of the onerous tax charges, which would limit investors’ flexibility to buy shares in different currencies. “The price of simplicity may be too high,” said Tom Wesel, partner at international tax boutique Milestone. Mr Parkinson met with chief executive officer Paul Polman and chairman Marijn Dekkers this week to discuss… Read Article →

Most Long-Term Care Insurance Claims Begin and End at Home Reports AALTCI

Los Angeles, CA, February 25, 2017 –(PR.com)– The majority of long-term care insurance claims begin and end in the home according to the latest data compiled by the American Association for Long-Term Care Insurance. “Individuals continue to mistakenly think of long-term care insurance as nursing home insurance,” explains Jesse Slome, director of the American Association for Long-Term Care Insurance (AALTCI), the national trade organization that regularly compiled data regarding new… Read Article →

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Hawaii exec preps digital payment system for medi-juana dispensaries

When Hawaii’s dispensaries are ready to sell their first batches of medical marijuana in a few months, Russell Castagnaro believes his payment system will be ready to provide each of them with an alternative to cold hard cash. Like the rest of the nation, local banks in Hawaii are wary to link themselves to the marijuana industry, which would cause the dispensaries to operate as cash-based businesses. “My full expectation… Read Article →

Fowl Play

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