Displaying items tagged: Blue Cross Blue Shield of Michigan

Thursday, 22 December 2022 10:20

‘Time will tell’ whether new Sparrow contract boosts Priority Health’s Lansing market share

The new contract with Sparrow Health System provides an opportunity for Priority Health to carve out a much larger presence in the Lansing-area market, although growth may not come easily.

Published in Health Care
Thursday, 10 November 2022 14:41

Blue Cross Blue Shield signs 7-year lease extension in downtown GR

GRAND RAPIDS — Blue Cross Blue Shield of Michigan has signed a seven-year lease renewal for its downtown Grand Rapids headquarters, providing a sign of confidence amid widespread uncertainty in downtown commercial office space. 

Sunday, 23 October 2022 18:00

PASSING MUSTER: Insurers control destiny of medical innovators like BAMF Health

GRAND RAPIDS — The advanced medical technology behind BAMF Health Inc.’s new Grand Rapids clinic offers great promise in diagnosing and treating cancer.

Published in Health Care

Wednesday, 06 July 2022 12:52

Individual health insurance costs would increase 6.2% on average under proposals

Individuals who buy their own health insurance would pay an average of 6.2 percent more for coverage next year under insurance carriers’ recent rate filings with state regulators.

Published in Health Care
Monday, 27 June 2022 12:45

New state law aims to boost competition for health insurance as large employers seek coverage for workers

Gov. Gretchen Whitmer has signed legislation that is designed to better enable large employers to bid out their employee health coverage.

Published in Health Care
Sunday, 05 June 2022 18:28

MiBiz Growth Report: June 6, 2022

Here is the MiBiz Growth report for June 6, 2022:

Published in Economic Development

Friday, 27 May 2022 14:29

Major insurers seek 2023 rate increases; small businesses see ‘rough few years’

Michigan’s two largest health insurers again seek to raise small business rates for 2023 as medical claims rise and pandemic-related costs are considered for the first time.

Published in Health Care
Sunday, 27 March 2022 18:40

‘A BIG DEAL’: Backed by Michigan investors, generic drug maker aims to disrupt insulin market

Legislation proposed in Congress would cap customers’ monthly out-of-pocket cost for insulin at $35, an idea President Joe Biden supported in his recent State of the Union address.

Published in Health Care
Sunday, 13 March 2022 18:09

Health insurers prepare to shift course, factor COVID costs into rates

Costs to test, treat and vaccinate members for COVID-19 drove sharp earnings declines last year for Priority Health and Blue Cross Blue Shield of Michigan, and both intend to work ongoing pandemic-related expenses into their rate requests for next year.

Published in Health Care

Tuesday, 01 March 2022 12:58

Blue Cross Blue Shield spent $860M on COVID-related claims in 2021; future costs to be factored into rates

The high cost of medical claims tied to the COVID-19 pandemic drove Blue Cross Blue Shield of Michigan to a loss in 2021 on its core health insurance business.

Published in Health Care
Sunday, 13 February 2022 18:38

Spectrum-Beaumont merger creates SE Mich. market share opportunity for Priority Health

The recent merger between Spectrum Health and Beaumont Health creates the potential for Priority Health to make deeper inroads in the Southeast Michigan health insurance market.

Published in Health Care
Monday, 31 January 2022 16:43

Future health care costs in focus as Spectrum, Beaumont finalize merger

The new health system that Spectrum Health and Beaumont Health plan to launch Tuesday will have considerable market clout in the Michigan health care market, raising concerns about the potential effect on costs.

Published in Health Care

Sunday, 07 November 2021 18:30

Report: Michigan ranks nearly last in U.S. for health insurance competition

Michigan now ranks as the second-least competitive market in the nation for health coverage, a status that stems from Blue Cross Blue Shield of Michigan’s long-held position as the leading insurer in the state.

Published in Health Care
Tuesday, 22 June 2021 16:42

Blue Cross Blue Shield invests in Evio Pharmacy Solutions to drive prescription affordability

Blue Cross Blue Shield of Michigan joined four other Blues plans across the U.S. to form a new venture that seeks to reduce the high cost of prescription drugs.

Published in Health Care
Sunday, 23 May 2021 18:15

Employers embrace more flexible workplaces as in-person restrictions lift

The lifting of Michigan’s in-person work restrictions is a light at the end of the tunnel for remote workers eager to get back to the office, while others are hoping flexible work settings will stick long term.

Sunday, 23 May 2021 18:30

Health insurers face ongoing pandemic complexities when setting future rates

Small businesses can expect larger increases in their health insurance premiums in 2022 than in recent years, even without costs associated with responding to the COVID-19 pandemic figured into the equation.

Published in Health Care
Sunday, 25 April 2021 11:23

MiBiz Growth Report: April 25, 2021

Here is the MiBiz Growth Report for April 25, 2021.

Published in Economic Development
Sunday, 11 April 2021 18:00

Trade group looks to extend affordable health plans to craft brewers, distilleries, wineries

health plan that for years has provided coverage for employees at beer and wine wholesalers in Michigan now looks to offer the same benefits to craft brewers, distilleries and wineries across the state, providing a potential lower-cost option to consider.

Published in Small Business

Sunday, 28 March 2021 11:05

MiBiz Growth Report: March 28, 2021

Here's the MiBiz Growth Report for March 28, 2021.

Published in Economic Development
Friday, 19 March 2021 14:44

Blue Cross rate adjustments to minimize cost increases for small business customers

Small business clients of Blue Cross Blue Shield of Michigan that renew their health policies in the second half of the year will see small rate increases of less than 2 percent.

Published in Health Care
Sunday, 14 March 2021 18:20

Priority Health, Blue Cross earnings highlight volatile 2020 for health insurers

The yearlong COVID-19 pandemic drove down earnings last year at West Michigan’s major health insurance providers.

Published in Health Care

Sunday, 20 December 2020 18:35

Telehealth will ‘stick,’ but many questions about vaccine, deployment remain unanswered

In September, Dr. James Grant became chief medical director at Blue Cross Blue Shield of Michigan, making the transition during the COVID-19 pandemic that has elevated telehealth to the forefront in the industry. While a COVID-19 vaccine became available a week ago, starting with frontline health care workers and long-term care facilities, the pandemic will drive much of what happens in the health care industry in 2021, according to Grant.

Published in Health Care
Sunday, 22 November 2020 19:05

HMO group lays groundwork for medical claims data legislation

As reports continue to rank Michigan as one of the least competitive markets in the nation, the statewide trade group representing HMOs wants to ensure that insurance carriers are able to pursue business when employers bid out employee health coverage.

Published in Health Care
Friday, 30 October 2020 13:09

Average health insurance rates slightly higher as open enrollment starts Nov. 1

Health insurance open enrollment for 2021 starts Nov. 1 with small increases in rates for individual and small employer health care policies.

Published in Health Care

Sunday, 11 October 2020 18:10

Michigan ranks second-lowest for hospital payments in RAND Corp. study

Michigan ranked second-lowest in the nation for what employers and insurance carriers paid hospitals for care compared to payments hospitals received from Medicare from 2016 to 2018.

Published in Health Care
Sunday, 27 September 2020 18:34

Health Care Coverage Solutions for Your Business

COVID-19 has hit the world hard, including the business landscape. Many companies are struggling under the strain the pandemic has put on our economy, from decreased spending to wide-scale shutdowns. In the face of this economic uncertainty, businesses of all sizes and their employees are facing tough choices when it comes to spending. 

Published in Sponsored content
Tuesday, 21 July 2020 14:43

Analyst expects strong year for Michigan health plans after first quarter losses

Health plans in Michigan should post strong earnings for 2020 despite poor results in the first quarter from investment losses after the onset of the COVID-19 pandemic.

Published in Health Care

Thursday, 16 July 2020 16:35

Michigan health insurers propose small rate adjustments for 2021

Health insurers across Michigan have proposed small average rate adjustments for 2021 policy renewals for both small employers and individuals.

Published in Health Care
Wednesday, 15 July 2020 16:19

Budden to retire as CEO of Priority Health

GRAND RAPIDS — Priority Health President and CEO Joan Budden plans to retire at the end of 2020 after 12 years with the health plan, the last five as its chief executive.

Published in Health Care
Thursday, 09 July 2020 13:30

Whitmer order to require implicit bias training for health professionals

Gov. Gretchen Whitmer has ordered state officials to create rules requiring implicit bias training for Michigan health professionals as they seek licensure, registration and renewals as a way to ensure equity in health care access.

Published in Economic Development

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