Class action lawsuit claims UnitedHealthcare diverts plan funds to settle unrelated disputes

Gordon B. Johnson

Workers who have a wellbeing insurance coverage prepare with UnitedHealthcare are suing UHC and its mother or father corporation UnitedHealth Team in a course-motion lawsuit accusing the corporation of illegally taking additional than $1 billion each and every 12 months from non-public employer wellbeing ideas to settle unrelated payment disputes. 

The staff associated in the case want the court docket to prevent United from the exercise recognised as cross-prepare offsetting and to get the insurance provider to return the money to the prepare. 

Cross-prepare offsetting takes place when an insurance provider overpays a supplier on a disputed claim from a

Read More

Hindsight bias says to abandon your plan. Here’s why you shouldn’t.

Gordon B. Johnson

Just about 60 several years later, lots of consider Decca should’ve recognized The Beatles’ expertise quickly and predicted their foreseeable future achievement. This is what is termed “hindsight bias”—also recognised as the “I-understood-it-all-together phenomenon”2—a inclination to consider we understood some thing was heading to materialize or that we in fact predicted it.

Hindsight bias exists prominently in investing.3 No subject the sector disorders, there are generally messages from the media or the investing local community that a sector occasion, this kind of as an extreme drop or boost, was foreseen, perhaps even noticeable. If you begin to

Read More

Cigna and Oscar launching health plan to appeal to small businesses struggling through COVID-19

Gordon B. Johnson

Insurers Cigna and Oscar are moving forward with their partnership declared in January to provide affordable, custom-made health and fitness ideas to modest enterprises.

The Cigna + Oscar health and fitness ideas will be out there in Atlanta, the San Francisco Bay Location and in towns across Tennessee by the close of the yr, pending regulatory approvals.

What is actually THE IMPACT 

A lot more than fifty% of modest small business proprietors and executives are looking at or are not sure about switching their health and fitness insurance company heading into 2021, according to a survey of over one,000

Read More

No dividend for FY20: Thomas Cook’s Rs 300-crore cash saving plan

Gordon B. Johnson

Tour operator Thomas Prepare dinner India will not pay out dividend for FY20 to its shareholders as a portion of its Rs three hundred crore dollars preserving system.

World wide vacation industry has been hit owing to vacation bans and quarantine steps imposed by states to prohibit the spread of Covid-19.

Thomas Prepare dinner pre-tax loss on standalone basis widened to Rs eighty three.50 crore in fourth quarter FY 2020 in comparison to Rs 23.80 crore in the course of same period owing very last 12 months, the organization claimed in stock exchange filing late on Thursday night. A 1

Read More

CCI tweaks discount plan to price its cotton at market level

Gordon B. Johnson

In a bid to trim its bulging shares and to assure availability of raw substance to the spinning mills at competitive costs, Cotton Corporation of India (CCI) modified its price reduction scheme on Monday by rationalising the costs.

“To serve the twin objective of helping farmers and also the spinning mills, we have rationalised costs,” claimed PK Agarwal, Chairman and Controlling Director, CCI. The rationalisation has brought CCI cotton costs closer to the industry stage.

“Our costs are now in parity with the industry,” Agarwal told BusinessLine. The very good high-quality cotton in the industry is ranging between ₹35,000

Read More