Genworth a long term leader in the long-term care insurance market has announced a delay in the California market due to lingering customer service issues they are experiencing. Unlike most companies, Genworth has taken the time to address these issues prior to launching a push for their LTC products
This week Aetna one of the countries largest insurance companies purchased Coventry Health Care for approximately 8.7 billion. Aetna has pushed for more strength in the senior insurance market over the last several years with the purchase of American Continental, Continental Life, and now Coventry. This allows the insurance company to continue stretching out its growth in the Medicare market through its different filings in all 50 states.
With the first quarter, and a big Medicare decision behind us, we wanted to inform you of what decisions were made by Congress over the past month.
Today I read an interesting article on MSN dealing with how the "Sequester Cuts Hit Medicare". Initially, I did not see this being to bad of an issue; however, after further review and a clarification from an MSN article (stating it is true) there could be some issues for those having Part B Cancer Drugs administered in their physicians office.