Insurance industry

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1010 WINS Newsroom
November 15, 2019 - 12:42 pm
WASHINGTON (AP) — New rules from the Trump administration on Friday would require insurers and hospitals to disclose upfront the actual prices for common tests and procedures to promote competition and push down costs. But the sweeping changes face stiff pushback from the health care industry and a...
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1010 WINS Newsroom
November 09, 2019 - 6:39 pm
PORTLAND, Ore. (AP) — On Dec. 14, 2018, Aaron Cole was about to buy a new house and received an email that he thought was from his title company, directing him to make a $123,000 deposit. Cole complied, not realizing that a sophisticated hacker network had likely been spying on his communications...
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FILE- In this Jan. 23, 2019, file photo a Pacific Gas & Electric truck enters their customer center in Hayward, Calif. Pacific Gas & Electric Co. on Thursday, Nov. 7, reported a third-quarter loss of $1.62 billion, after reporting a profit in the same period a year earlier. (AP Photo/Ben Margot, File)
1010 WINS Newsroom
November 07, 2019 - 1:55 pm
Pacific Gas & Electric reported substantial losses for the third quarter on Thursday, driven by catastrophic wildfires that have been blamed on the utility's outdated transmission lines. The company estimated those costs, which include the 2017 and 2018 fires, more rigorous inspection of its...
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FILE - In this May 30, 2019, file photo, signs advertise new products available inside a CVS store with the new HealthHUB in Spring, Texas. CVS Health reports financial results Wednesday, Nov. 6. (AP Photo/David J. Phillip, File)
1010 WINS Newsroom
November 06, 2019 - 8:01 am
CVS Health revenue surged more than 36% in the third quarter, nearly a year after acquiring one of the nation's largest health insurers. The drugstore chain and pharmacy benefit manager also said Wednesday that it filled more prescriptions as net income climbed 10% to $1.53 billion in a performance...
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FILE - In this Monday, Jan. 29, 2018 file photo, beds are set up inside a mobile emergency room outside a hospital in Georgia. According to a new study published in the journal Science on Thursday, Oct. 24, 2019, a widely used software program that helps guide care for millions of patients is flawed by unintentional racial bias. (AP Photo/David Goldman)
1010 WINS Newsroom
October 25, 2019 - 5:51 pm
A widely used software program that helps guide care for millions of patients is flawed by unintentional racial bias that leads to blacks getting passed over for special care, according to a new study. The software predicts costs rather than sickness. It is used by U.S. insurers and hospitals to...
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FILE - This Tuesday, Oct. 16, 2012, file photo, shows a portion of the UnitedHealth Group Inc.'s campus in Minnetonka, Minn. UnitedHealth Group reports financial results Tuesday, Oct. 14, 2019. (AP Photo/Jim Mone, File)
1010 WINS Newsroom
October 15, 2019 - 12:50 pm
UnitedHealth Group raised its 2019 forecast and detailed another better-than-expected quarter Tuesday, but shares soared after company leaders mentioned next year's growth prospects. CEO David Wichmann told analysts it would be "reasonable and prudent" for them to set initial expectations for core...
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FILE - In this Sept. 20, 2019, file photo, an American flag flutters in the breeze outside of the Sutter Medical Center in Sacramento, Calif. Opening arguments begin Thursday, Oct. 10, 2019, in the antitrust case against Sutter Health, one of California's largest hospital systems, which is facing a trial over accusations that it has used its market dominance to snuff out competition and overcharge patients for medical bills. (AP Photo/Rich Pedroncelli, File)
1010 WINS Newsroom
October 10, 2019 - 3:43 pm
SAN FRANCISCO (AP) — One of California's largest hospital systems is facing a trial over accusations that it has used its market dominance to snuff out competition and overcharge patients for medical bills. The antitrust lawsuit against Sutter Health, which operates 24 hospitals with 5,500 doctors...
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In this, Monday, Oct. 7, 2019 photo, David Schaecter, president of the Holocaust Survivors Foundation USA (HSF), gestures as he speaks during an interview with The Associated Press in Aventura, Fla. Aging Holocaust survivors are trying to recover insurance benefits that were never honored by Nazi-era companies, which could be worth billions of dollars. The companies have demanded original paperwork, such as death certificates, that were not available after World War II. The survivors want to take insurance companies to court in the U.S. to recover the money, but it would take an act of Congress to allow it. (AP Photo/Wilfredo Lee)
1010 WINS Newsroom
October 08, 2019 - 5:00 pm
AVENTURA, Fla. (AP) — When David Schaecter was a child in Slovakia in the 1930s, he counted more than 100 people in his extended family. By the end of World War II, he alone survived. The rest had been killed in Nazi concentration camps or by roving SS death squads. Schaecter lost not only his...
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In this Wednesday Aug. 28, 2019 photo, emergency room physician, Dr. Anna Nguyen uses her smartphone to communicate with a remote patient from her Sacramento, Calif., home. The medical industry is seeing a growing form of care where doctors diagnose, treat and prescribe through secure text messages. (AP Photo/Randall Benton)
1010 WINS Newsroom
October 08, 2019 - 10:54 am
SACRAMENTO, Calif. (AP) — Dr. Anna Nguyen spoke with none of the five patients she treated on a recent weekday morning. She didn't even leave her dining room. The emergency physician nevertheless helped a pregnant Ohio woman handle hip pain, examined a Michigan man's sore throat and texted a mom...
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FILE - In this May 31, 2017 file photo, then-state Sen. Ricardo Lara, D-Bell Gardens, speaks at a Capitol news conference in Sacramento, Calif. Lara, who is now the California Insurance Commissioner, announced Wednesday, Oct. 2, 2019, that Mercury Insurance Co. is ending its two-decade battle with California regulators by agreeing to pay the state more than $41 million in property and casualty penalty and interest payments. (AP Photo/Rich Pedroncelli, File)
1010 WINS Newsroom
October 02, 2019 - 3:41 pm
SACRAMENTO, Calif. (AP) — Mercury Insurance Co. is ending its two-decade battle with California regulators over extra fees charged to customers by agreeing to pay the state more than $41 million, officials said Wednesday. California Insurance Commissioner Ricardo Lara said it’s the largest property...
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