Retired NBA players laud union's 'awesome' health insurance plan : nydailynews

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Retired NBA players laud union's 'awesome' health insurance plan

Retired NBA players laud union's 'awesome' health insurance plan

Once an NBA Player, Always an NBA Player would be an appropriate new slogan for the National Basketball Players Association.The NBPA took an unprecedented step this week when the union announced that it will provide health insurance for retired players who spent at least three years in the league."It's absolutely awesome," says retired player John Wallace, who played seven NBA seasons, including two with the Knicks.


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NBA players vote unanimously to fund health insurance coverage for retired players

NBA players vote unanimously to fund health insurance coverage for retired players

Current NBA players have made the laudable decision to take care of those who came before them.In an unprecedented move, the NBA Players Association will be offering retired players with at least three years of experience health insurance through a program funded by the league's current players.This is the first time a North American professional sports union has created a program to provide benefits to former players using money from active ones.


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Obama administration moves to block health insurance mega-mergers

Obama administration moves to block health insurance mega-mergers

The Obama administration went to court Thursday to block two major health insurance mergers, siding with consumer advocates and medical groups worried that the consolidation of large national health plans could lead to higher premiums.The long-anticipated move by the Justice Department and attorneys general in California and 10 other states, will at least temporarily prevent Anthem Inc.'s $48-billion purchase of Cigna Corp., a combination that would create the nation's largest health insurer.And it will stop Aetna Inc.'s $34-billion bid to acquire Humana Inc., a merger that would have combined the nation's third- and fifth-biggest health plans.


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Change in Colorado health insurance rating would drive up Denver premiums, drive out insurers

Change in Colorado health insurance rating would drive up Denver premiums, drive out insurers

Colorado Insurance Commissioner Marguerite Salazar (left) (Photo: ED SEALOVER | DENVER BUSINESS JOURNAL)DENVER BUSINESS JOURNAL - Reducing Colorado to a single geographic rating area for health-insurance pricing likely would raise premiums in the Denver area by 9 percent, drive some carriers out of Colorado and cause more insurers to shift to narrower provider networks, according to a report delivered Monday to the Joint Budget Committee.Requiring health insurers to charge largely the same price to someone who lives in rural western Colorado as a person who lives in Denver or Boulder likely would bring down sky-high costs of most Western Slope plans by some 20 percent, according to the report done for the Colorado Division of Insurance by Lewis & Ellis LLC.But the downsides are so numerous that Colorado Insurance Commissioner Marguerite Salazar said that implementation of such a plan would be "not feasible."Salazar's office undertook the study after the Legislature passed a bill this year requiring that it look at the effect of consolidating the state's nine geographic health rating areas into one — a practice undertaken by only seven other states, most of them very small.


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UAlbany to end student health insurance program

UAlbany to end student health insurance program

UAlbany to end student health insurance program Underuse and rise of Affordable Care Act are citedAlbanyThe University at Albany is dropping its student health insurance program, along with the requirement that students must maintain health insurance of some kind while enrolled full time.The decision was driven by a steady decline in the number of students participating in the program, said Ed Engelbride, associate vice president for student affairs.The decline also coincided with the implementation of the federal Affordable Care Act, which requires everyone to have insurance or pay a penalty.