Kentucky expects to save around $750,000 dollars by self-insuring state vehicles. The decision stems from Gov. Steve Beshear’s Smart Government Initiative, said Lori Flannery, secretary for the Finance and Administration Cabinet. The cabinet is responsible for looking at ways government can be more efficient and cost effective. It has made 37 recommendations since February this… Continue reading Kentucky Begins Self-Insuring State Vehicles
Kentucky insurance companies have been spared another year of having to comply with a portion of the new federal insurance reforms. Kentucky is one of six states that asked for and received a waiver from the federal government. Under the new agreement insurance companies that received a waiver will spend 75 percent on customer premiums.… Continue reading Kentucky Insurance Companies Get Waiver From Reform
After a contentious two year dispute, Louisville insurance giant Humana will retain a lucrative military contract. Humana held the military’s Tricare contract for years. It allows the company to provide insurance for active and retired members of the armed services and their families throughout the south. Humana lost the contract to Minnesota-based UnitedHealth in 2009,… Continue reading UnitedHealth to “Pursue All Available Options” to Challenge Humana Tricare Award
Humana previously held the contract, but lost a bid to renew it two years ago. It was instead awarded to the United Health Group. Humana challenged the decision, saying the two companies were not judged according to the same criteria. The award has been re-evaluated, and Humana will once again have the contract.
Noland attributes the drop to various expenses paid in the last quarter, including the acquisition of the healthcare company Concentra. He says overall, 2010 was a good year for the company, and earnings predictions for this year have been increased.
A months-long stalemate between the University of Louisville Physicians Group and Humana continues. And a resolution in the dispute over reimbursement rates for doctors appears to be far off.
Louisville-based health insurer Humana says costs are likely to go up for its customers as a result of the passage of health care reform legislation.
The Kentucky House has approved legislation requiring insurance companies to pick up some of the high costs of treating autistic children.
A state representative from Jefferson County wants to require insurance companies to provide additional benefits for families with autistic children.
Yesterday’s flooding in the Louisville area damaged homes, cars and other properties. Officials say those filing insurance claims should be informed. WFPL’s Elizabeth Kramer has more. The Kentucky Department of Insurance is advising home owners to read their insurance policies before filing claims related to this week’s flooding. Department commissioner Sharon Clark. “Flood insurance is… Continue reading State Agency Has Advice for Filing Insurance Claims