Health Insurance

Health insurance is one the biggest opportunities globally, ripe for disruption. We dive into how technology is continuing to make it more transparent, inclusive, affordable and patient-centric.

Seniors May Be Overpaying for Medicine, Study Looking at Medicare’s Use of Generics Suggests

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Medicare may not be getting the best prescription drug deals it can, meaning senior citizens using the plan are overpaying, a new study suggests. Private insurance companies adopt cheaper generic drugs at a faster pace than government-run Medicare, a...

Purdue Pharma Took a Page from Big Tobacco & Oil in Effort to Shift Blame in Oxycontin Deaths

Karma_News Summary_Oxycontin
Oxycontin maker Purdue Pharma cultivated sympathetic writers and funded think tanks as part of an aggressive media campaign aimed at countering negative stories about its blockbuster opioid, ProPublica reported. For nearly 20 years Purdue followed tactics similar to those...

KKR Said to Approach Walgreens Boots for Potential Largest Buyout Ever as Healthcare Beckons

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KKR, which last month said profit slipped on costlier dealmaking, proposed buying Walgreens Boots Alliance as the private equity firm pushes deeper into healthcare.  The potential deal, reported by Bloomberg News based on unidentified sources, would bring Alliance Boots...

Government Lawsuit Against Gilead Highlights Steep Cost of HIV Prevention Pills

Karma_News Summary_Gilead Sciences lawsuit
A lawsuit filed by the Trump administration against Gilead Sciences is the most direct action taken to date to bring down the high cost of HIV prevention pills – a critical component of the government’s plan to reduce new infections in the...

More Than “Bumper Sticker Debates”: Karma’s Takeaways from HLTH 2019

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This content is brought to you in partnership with HLTH. Last week, more than 6,000 attendees — from executives, investors and startups to policymakers, pharmaceutical companies and insurance providers — gathered at the MGM Grand in Las Vegas for...

Big Tech Advance in Healthcare Rolls on With Amazon, JPMorgan Insurance Alliance

Karma_News Summary_Big tech moves into healthcare
Amazon and JPMorgan Chase, working with Warren Buffett’s Berkshire Hathaway, are rolling out employee healthcare plans, the latest example of big tech making unlikely alliances in an effort to carve out territory in healthcare. The program, Haven Healthcare, aims...

Alphabet, Pushing Deeper into Healthcare, Teams with Hancock on Diabetes Insurance

Karma_News Summary_Alphabet and John Hancock
Alphabet pushed further into healthcare with a joint venture that aims to sell life insurance for people diagnosed with diabetes.  The Google parent as well as tech rivals including Apple and Amazon are seeking healthcare investments that leverage their...

Die Laughing: U.K. Life Insurer DeadHappy’s Gallows Humor Helping it Sell Policies

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Key Takeaway: DeadHappy’s wisecracks, animations and black humor on social media seek to get younger people talking about death and buying life insurance. Venture funds are smiling.

Alphabet, Amazon and Apple Push Hard into Healthcare, Leveraging Digital and Network Prowess

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Key Takeaway: The world’s biggest tech firms, including Alphabet, Amazon and Apple, are using cutting edge digital technologies to build the future of healthcare, a more than $7 trillion opportunity. 

Aussie Investors “Shifting Capital” as Global Warming Becomes National Health Crisis

Karma_News Analysis_Aussie climate health
Global warming is doing more in Australia than sparking a health crisis. It’s changing the way some investors think about where to place their money.   Labeled an “irreversible” health crisis by the Australian Medical Association this month, climate change...

The Rise of Insurtech: Startups Aim to Shake Up the Stodgy Industry

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When Senator and Democratic presidential candidate Bernie Sanders last week asked Twitter users to reveal their most absurd medical bill, thousands of comments poured in. One poster said she was billed $600 for her son who had died at birth. “As he...

Australian Doctors Call Climate Change “Irreversible” Health Crisis

Sydney, Austrailia
Climate change has become an “irreversible” health crisis in Australia with dire consequences for the Asia-Pacific nation, including an increase in potentially lethal mosquito-borne tropical diseases like malaria and dengue fever, Australian doctors say.The bleak assessment by the Australian Medical Association brings...

Number of Americans Without Health Insurance Rises for First Time Since Obamacare Enacted

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The number of Americans without health insurance rose by 1.9 million last year, the first increase since the Affordable Care Act took effect in 2013, after the Trump Administration weakened efforts to enroll more people.Uninsured residents totaled 27.5 million, or 8.5% of...

As Healthcare Costs Rise, Proposal Suggests Yardsticks for Measuring Investments’ Impact

Cost of Healthcare. Pills on US dollars.
Healthcare costs for Americans skyrocketed over the last decade, even for those with insurance, creating opportunities for startups that help companies, insurers and patients cut costs. An average family of four with large employer-provided insurance spent $7,726 on premiums...

Rite Aid Reaches to Tech Industry for CEO, New Direction

Rite Aid, its stock price dropping and future uncertain, named a female executive with a background in technology to lead the company as it struggles to find its footing in a changing industry and growing competition. Heyward Donigan, 58, most...

RenewBuy Gets $18.9 Million, As India’s Growing Insurance Market Grabs Investors’ Interest

India’s booming online insurance market is drawing more investors, attracted by the subcontinent’s vast population, opening insurance market and widening middle class. The latest sign of the burgeoning market: the $18.9 million funding round for RenewBuy, a digital portal to shop for...

Abacus Insights Scores $12.7M as Cloud-Computing Startup Aims to Serve Health Insurers

Abacus Insights, a cloud-powered healthcare data startup, raised $12.7 million in series A funding, as investors bet that cloud-based data management solutions will migrate from hospitals to health insurance companies. Abacus is the first and only company that...

CareAngel: Addressing the Access Gap in Healthcare

With chronic care – conditions like diabetes, COPD, cancer, hypertension and others – soaking up ever more healthcare resources, providers and insurers are searching for ways to address preventative and behavioral risks before they grow into bigger problems. Care Angel was...

How Babylon Health is Improving Rwandan Health

KEY TAKEAWAYS Digital health startups are flocking to Africa to pick up the slack of its typically underserved and overworked health system. One player is Babylon, a London-based digital health app that allows patients to undergo virtual consolutions with healthcare professionals at an affordable...

Spencer Gerrol: Content is King, But Emotions Rule All

Perspectives: Opinions from our network of advisors, investors, operators and analysts on the risks and opportunities they see. Spencer Gerrol is the founder and CEO of SPARK Neuro, a neuroanalytics company that measures emotion and attention to optimize advertising and entertainment. Years ago, I read a study...

Nicole DiMaria: “Out-of-pocket costs are rapidly increasing, which heightens the demand for price transparency and consumer-driven healthcare.”

Perspectives: Opinions from our network of advisors, investors, operators and analysts on the risks and opportunities they see. The web of regulatory and individual privacy requirements in the U.S. makes it extremely difficult to be innovative in the healthcare sector. Even so, digital pharmacies are trying...

Cityblock Raises $65M to Expand Treatment to Underserved Communities

On Our Radar: Deals we are paying attention to for their impact on industry. It’s been said that all politics is local. At the community-health platform Cityblock Health, they believe that health, too, is local. The company, founded in 2017 and based in Brooklyn, N.Y., has...

IA Capital Raises $150 Million for Insurtech Push

On Our Radar: Deals we are paying attention to for their impact on industry. IA Capital Group, a venture capital firm focused on the new field of insurance-related technology, or insurtech, raised $150 million across three funds. With seven funds and managed accounts under its control, and...

Behavioral Health Care Provider US HealthVest Gets $55 Million Secured Loan

On Our Radar: Deals we are paying attention to for their impact on industry. US HealthVest (USHV) received a $55 million senior secured term loan from Silicon Valley Bank to finance existing debt and fund expansion and construction of its behavioral health facilities to treat psychiatric illness and...

CEO Brooks Tingle: “Respect for our clients’ privacy…has been paramount at John Hancock for more than 150 years.”

Sound Businesses: Profiles of companies and business models we are keeping an eye on. Brooks Tingle, president and chief executive officer of John Hancock Insurance, spearheads the insurance giant’s life insurance operations, including its data-enabled Vitality program. The program provides benefits that encourage healthy lifestyles...
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