Category Archives: Insurance

Walgreens plans to sell you health insurance

Full Story at money.cnn.com NEW YORK (CNNMoney) — Walgreens, the nation’s largest drugstore chain, is planning to start selling health insurance to customers this fall. Deerfield, Ill.-based Walgreens (WAG, Fortune 500) will sell health insurance products with different price ranges and coverage levels from coast-to-coast through a private health insurance exchange, according to people familiar [...]

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Clinton: NY win is no excuse on Medicare

Full Story at money.cnn.com WASHINGTON (CNNMoney) — Bill Clinton had a word of warning on Wednesday for fellow Democrats: Don’t get too cocky about voters’ rejection of Paul Ryan’s Medicare plan. In a special election for a vacant House seat on Tuesday, a Democrat candidate upset a Republican in a GOP-stronghold in upstate New York. [...]

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Ambulance that may have carried JFK sells for $132,000

Full Story at money.cnn.com NEW YORK (CNNMoney) — A 1963 Pontiac ambulance that supposedly carried the body of President John F. Kennedy after his assassination was sold at a Scottsdale, Ariz., auction Saturday night for $132,000. The price would have probably been much higher except that the ambulance’s authenticity had been cast into question before [...]

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CVS to buy Medicare business of Universal American

Full Story at msnbc.com WOONSOCKET, R.I. — CVS Caremark Corp. said Friday it will pay $1.25 billion to buy Universal American Corp.’s Medicare prescription drug services unit. CVS said it pursued the deal because with the country’s population aging, a growing percentage of Americans will get their prescription drug coverage from Medicare. Shares of Universal [...]

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What you don’t know about Mom’s finances can hurt you

Full Story at LifeInc.todayshow.com You probably know that it’s dangerous to be ignorant about your finances. But did you know it can also be dangerous to be unfamiliar with Mom and Dad’s financial health? Expenses are rising for rent, health care, transportation and heating, among other items. And while these affect all of us, rising [...]

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Find your missing money — cheaply and easily

Full Story at It has a whiff of buried treasure about it: Somewhere out there are billions of dollars in unclaimed funds just waiting to be unearthed. And part of that money might be yours. State treasuries and other agencies are holding some $32.8 billion in unclaimed assets, including bank accounts, pensions, savings bonds, CDs, [...]

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BP claims could be under $20 billion

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Total claims against BP could end up being less than the $20 billion the company pledged to set aside, according to incoming Chief Executive Robert Dudley. A Citigroup (C, Fortune 500) report said that analysts met with Dudley, who told them “that given current estimates of claims [...]

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States face another $12 billion budget shortfall

Full Story atmoney.cnn.com NEW YORK (CNNMoney.com) — States filled an $84 billion gap to balance their 2011 fiscal year budgets, which took effect earlier this month. But they could collectively face a new $12 billion hole if Congress fails to help cover growing Medicaid costs. Without another injection of government money for Medicaid, four states [...]

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Doctors’ Medicare payouts to be cut 21% June 1

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — For the fourth time this year, doctors face a potential huge cut in the fees that the government pays them to treat Medicare patients. Physicians will be hit with a 21% cut in Medicare reimbursements as of June 1, unless lawmakers decide to patch over the issue [...]

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Doctors: 5 gripes about the health law

Full Story atmoney.cnn.com We can be sued into oblivion Doctors’ fear of multi-million dollar lawsuits is pushing them to practice “defensive medicine.” More doctors are ordering additional tests and procedures not based on need but fear of liability. The government estimates that cost of medical malpractice is less than 2% of overall health care spending. [...]

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Finally! We cna get health insurance

Full Story atMoney.cnn.com My husband and I are both self-employed, so we can’t wait to find affordable health care for ourselves and for our employees — probably through an exchange program or with the help of tax credits. Right now, we carry only a catastrophic policy for ourselves. We’re not getting the preventative care that [...]

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Why a $14/hour employee costs $20

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — You probably cost your boss a lot more than you think you do. For Jim Garland, who owns a corporate aircraft cleaning and support services company, a $14 per hour worker has a true cost of $19.63 per hour, or about 40% more than base pay. This [...]

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What health care reform means for your business

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — The sweeping health-care bill passed by the House of Representatives Sunday, and now headed for President Obama’s desk, promises a sea change in the way that small business owners purchase and provide health insurance for themselves and their employees. But many of the provisions won’t kick in [...]

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AIG: $51 billion down, $51 billion to go

Full Story at money.cnn.com On Monday, the insurer announced that it would sell foreign life insurance business Alico to MetLife (MET, Fortune 500) for $15.5 billion. Last week, AIG said it reached an agreement to sell Asian life insurance giant AIA for $35.5 billion. That’s $51 billion that AIG said will eventually be used to [...]

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