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TL/DR - Older Americans often postpone elective surgeries due to concerns about out-of-pocket expenditures, time away from work, and potential exposure to COVID-19, according to a study by the University of Michigan Institute for Healthcare Policy and Innovation. About half of the respondents in the study, who expressed severe concern about cost…

AM Best Affirms Financial Strength of Pennsylvania Lumbermens Global credit rating agency, AM Best, has reaffirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "a-" (Excellent) for the Pennsylvania Lumbermens Mutual Insurance Company (PLM) based in Philadelphia, PA, according to a…

TL/DR - The Inflation Reduction Act introduced by the Biden-Harris Administration aims to mitigate the increasing healthcare costs in the US by enforcing drug firms to pay rebates to the Medicare Trust Fund if their price increases exceed the inflation rate. The act also focuses on reducing home energy costs through tax credits, rebates, and…

TL/DR - Montana currently assists more than 250,000 predominantly low-income residents with healthcare through Medicaid, a state-federal partnership that sees the federal government covering 80% of costs. Medicaid not only supports lower-income individuals and families but also helps keep overall healthcare insurance costs down and benefits the…