February 2019 Business Daily;Medical insurers say premiums will most likely go up unless doctors cut fees in a sector where costs are rising and losses escalating. The comments come even as the industry grapples with fraud that has dogged the business for years with the main victims being policyholders who …
Read More »KENYA:Medical claims raise payout by Sh1bn
2018 October BusinessDaily;Claims in the medical, motor private and motor commercial segments of general insurance rose nearly Sh1 billion to raise overall claims insurers incurred 2.03 per cent during the second quarter. Insurance Regulatory Authority (IRA) industry release for Q2 2018 shows that claims amounted to Sh29.20 billion up from …
Read More »KENYA:Medical cover premiums fall on higher use of NHIF
August 2018 BusinessDaily;Uptake of medical cover in private insurers dropped for the first time in history last year, fresh industry statistics indicate, condemning growth in non-life insurance business to a 16-year low. Gross premiums in the medical class dropped 0.71 per cent to Sh38.42 billion in 2017 from Sh38.7 billion …
Read More »KENYA:Breakthrough for NHIF as revenue rises by Sh10bn
August 2018 Business Daily;The National Hospital Insurance Fund (NHIF) recorded an increase in revenue by Sh10 billion in the financial year that ended on June 30, 2018. A report by the fund states that in the financial year 2017/2018, it had a revenue of Sh47.8 billion as compared to Sh37.1 …
Read More »Amazon, JPMorgan, Berkshire Are Creating a Health Care Company That’s ‘Free From Profit-Making Incentives’
February 2018 time;Amazon is diving into health care, teaming up with Warren Buffett’sBerkshire Hathaway and the New York bank JPMorgan Chase, to create a company that helps their U.S. employees find quality care “at a reasonable cost.” The leaders of each company, Amazon’s Jeff Bezos, Buffet, and JPMorgan’s Jamie Dimon, offered …
Read More »USA:Expect your health insurance costs to rise in 2017
August cnbc; You’ll pay a little more for your workplace health insurance plan next year. Health insurance premiums will increase by 5 percent in 2017 for employees, according to a recent study from the National Business Group on Health, a Washington, D.C.-based organization that represents large employers. That’s about on par with …
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