Insurance industry

FILE - In this Feb. 13, 2020, file photo, The Official U.S. Government Medicare Handbook for 2020 over pages of a Department of Health and Human Services, Office of the Inspector General report, are shown in Washington. The Trump administration says most people with Medicare will have access to prescription plans next year that limit copays for insulin to a maximum of $35 a month. Tuesday's announcement comes as President Donald Trump returns to the issue of drug prices to woo older people whose votes will be critical to his reelection prospects. (AP Photos/Wayne Partlow, File)
May 26, 2020 - 6:00 pm
WASHINGTON (AP) — Many Medicare recipients could pay less for insulin next year under a deal President Donald Trump announced Tuesday in a pivot to pocketbook issues important in November's election. “I hope the seniors are going to remember it,” Trump said at a Rose Garden ceremony, joined by...
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A man walks across the Millennium Bridge in London, Wednesday, May 13, 2020, as the country continues in lockdown to help stop the spread of coronavirus. Despite the relaxation of some of the coronavirus lockdown measures on Wednesday central London was still quite. (AP Photo/Tony Hicks)
May 14, 2020 - 6:45 am
LONDON (AP) — The pandemic will cost the insurance industry over $200 billion, according to Lloyds of London, who estimated that its own payouts are now on a par with the Sept. 11, 2001 attacks or the combined impact of hurricanes Harvey, Maria and Irma in 2017. Lloyds, which as an insurance market...
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A customer waits for his medication behind a sheet of plastic installed to help curb the spread of the coronavirus at a CVS pharmacy store in Morton Grove, Ill., Tuesday, April 7, 2020. Customers and pharmacists are being separated by crates and plastic sheets during the Covid-19 pandemic. (AP Photo/Nam Y. Huh)
May 06, 2020 - 8:11 am
The rush to fill medicine cabinets and pantries ahead of the rapidly spreading COVID-19 pandemic fueled surging profits at CVS Health during its first quarter. The outbreak also lifted the health care giant’s insurance business because patients delayed or cancelled elective surgeries and used the...
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FILE - In this June 8, 2015, file photo specialist Anthony Rinaldi works adjacent to the post that handles Humana, on the floor of the New York Stock Exchange. Humana will pick up the tab for millions of customers when they are ready to ease COVID-19 social distancing and return to the doctor’s office. The insurer said Tuesday, May 5, 2020 that it is waiving deductibles and other out-of-pocket costs for all Medicare Advantage customers who visit their primary care doctor or see a behavioral health specialist. (AP Photo/Richard Drew, File)
May 05, 2020 - 10:57 am
The health insurer Humana will cover the whole bill for millions of customers when they are ready to ease COVID-19 social distancing and return to the doctor’s office. The insurer said Tuesday that it is waiving copayments, deductibles and other out-of-pocket costs for the rest of the year for all...
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FILE - In this April 20, 2020, file photo, resident physician Leslie Bottrell stands outside a room at an Intensive Care Unit as a nurse suctions the lungs of a COVID-19 patient at St. Joseph's Hospital in Yonkers, N.Y. COVID-19 could have stamped someone “uninsurable”  if not for the Affordable Care Act. The ban on insurers using preexisting conditions to deny coverage is a key part of the Obama-era law that the Trump administration still seeks to overturn. (AP Photo/John Minchillo, File)
May 03, 2020 - 9:17 am
WASHINGTON (AP) — COVID-19 could have stamped a person “uninsurable” if not for the Affordable Care Act. The ban on insurers using preexisting conditions to deny coverage is a key part of the Obama-era law that the Trump administration still seeks to overturn. Without the law, people who recovered...
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In this Thursday, April 23, 2020 photo, Laura Campbell speaks as she looks over vacation rental agreements at her home in Richmond, Va. Campbell lost deposits and rental fees when after cancelling vacations due to COVID-19 despite having travel insurance. (AP Photo/Steve Helber)
April 28, 2020 - 10:09 am
NORFOLK, Va. (AP) — For many people, travel insurance has been little more than a box that pops up on a booking site to offer some cheap peace of mind. But the coverage’s limitations have been brought into stark relief during the coronavirus pandemic, leaving would-be travelers frustrated over...
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FILE - In this Jan. 24, 2019 file photo, the Supreme Court is seen at sunset in Washington. The Supreme Court has ruled that insurance companies can collect $12 billion from the federal government to cover their losses in the early years of the health care law championed by President Barack Obama. The justices voted 8-1 Monday in holding that insurers are entitled to the money under a provision of the “Obamacare” health law that promised the companies a financial cushion for losses they might incur by selling coverage to people in the marketplaces created by the health care law. (AP Photo/J. Scott Applewhite)
April 27, 2020 - 12:46 pm
WASHINGTON (AP) — The Supreme Court ruled Monday that insurance companies can collect $12 billion from the federal government to cover their losses in the early years of the health care law championed by President Barack Obama. Insurers are entitled to the money under a provision of the “Obamacare...
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FILE - In this Sept. 23, 2005 file photo, a customer enters the Billy Goat Tavern under Chicago's Michigan Ave. The once-busy diner tucked below a Michigan Avenue overpass in Chicago famously inspired a Saturday Night Live skit starring John Belushi and Bill Murray as short-order cooks. But the money the Billy Goat Tavern is losing now due to state-imposed business closures during the coronavirus outbreak is no joke. (AP Photo/Charles Rex Arbogast, File)
April 23, 2020 - 5:23 pm
CHICAGO (AP) — A once-bustling bar and grill tucked below a Michigan Avenue overpass famously inspired a “Saturday Night Live” skit starring John Belushi and Bill Murray. But the money the Billy Goat Tavern is losing during the coronavirus outbreak is no joke. The tavern and millions of other...
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April 21, 2020 - 3:21 pm
NEW YORK (AP) — New York Life Insurance Co. and Cigna Corp. said Tuesday they are setting up a $100 million fund to support the families of health care workers who have died treating COVID-19 patients. The philanthropic arms of the two insurers will contribute $25 million each to the Brave of Heart...
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FILE - This Oct. 16, 2012, file photo, shows a portion of the UnitedHealth Group Inc.'s campus in Minnetonka, Minn. UnitedHealth Group reports financial results Wednesday, Jan. 15, 2020. (AP Photo/Jim Mone, File)
April 15, 2020 - 12:06 pm
UnitedHealth Group is sticking with its 2020 profit forecast for now, as the health insurance giant sifts through all the ways the coronavirus pandemic may alter its business. Company shares jumped Wednesday on another rough day for the broader market, after UnitedHealth also announced first-...
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