Senate Moves once more On Health Insurance Changes

Physicians would have greater leeway in prescribing medications to patients, & insurance companies would have less time to confirm prior-authorization demands under a bill unanimously confirmed with a Senate panel Tuesday. The timelines are shorter, for example, than what's currently allowed in the state-employee health insurance programme & in the Medicaid programme. In addition to addressing prior authorization demandants, the bill too would innovate a Fresh department in insurance law to address "step medication" or "fail premier" protocols used with insurance companies, HMOs & pharmacy benefit managers. however insurers said the bill would curb the effectiveness of the protocols with requiring insurance companies to confirm providers' demands for exceptions under proven criteria. Audrey Brown, president of the Florida Association of Health Plans, was the sole lobbyist to speak versus the bill Tuesday.

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Star Health Insurance promoters also head for the get out door

Star Health Insurance chairman & MD V. Jagannathan. Star Health Investments, that owns lock to 40% of the insurance firm, joins other Businessmen like ICICI Venture Fund Management Co. Ltd & Sequoia Capital in trying to monetize their investment in Star Health Insurance. Apart from Star Health Investments's lock to 40% stake in Star Health & Allied Insurance, ICICI Venture & Tata Capital Ltd hold lock to 20% each. Kotak Mahindra Capital Co. Ltd has been appointed as the investment banker for shortlisting Fresh promoters & public shareholders for Star Health Insurance. final 7 days, in an interview by Mint, Housing Growth Finance Corp. Ltd (HDFC) chairman Deepak Parekh, the Indian promoter of non-life insurance firm HDFC Ergo General Insurance Co. Ltd, said the promoters had received a suggestion from Kotak for Star Health Insurance.


collected by :Lucy William