Maddock Insurance Group

What is the impact of a well-crafted healthcare plan? A retired gentleman, after 30 years with a local union, shared how his family faced a breast cancer diagnosis. His son, acknowledging his parents' support over the years, steps up to cover the medical bill - how it unfolds may surprise you. As an employer, you hold the key to shaping stories like these. Beyond altruism, the costs associated with our strategies may surprise you—they're likely less than your current spend. Whether you're intrigued or skeptical, drop a comment to share your thoughts. Connect with Us: 🔔 Subscribe for more industry insights and updates! 👍 Like this video if you found it informative. 💬 Share your thoughts and reactions in the comments below. Stay Updated: 🌐 Visit our website for more insurance strategies: www.maddockinsurancegroup.com Follow Us on Social Media: Instagram: @joemaddockmig YouTube: @maddockinsurance Facebook: @maddockinsurancegroup Get in Touch: 📧 For business inquiries, contact us using the contact form on our website. About Us: Focused on businesses and families! We help privately held businesses and the families that make up their teams and management. Small and midsized businesses make up a majority of the American economy. But are the solutions being tailored to them? Remember, Be Good, and we'll catch you in the next video! 👋

Unraveling the dynamics of the collapsed merger talks between health insurance giants Cigna and Humana. The industry was abuzz with the potential creation of a $135 billion entity, but as quickly as the talks emerged, they crumbled, sending shockwaves through the market. **Key Points:** - The sudden collapse of the Cigna-Humana merger talks. - Market reaction and Cigna's stock drop. - Cigna's strategic shift towards stock buy-backs and regional acquisitions. - Potential impacts on competition and pricing in the healthcare sector. - Broader industry transformations with Allstate's commercial health division sale. **Connect with Us:** 🔔 Subscribe for more industry insights and updates! 👍 Like this video if you found it informative. 💬 Share your thoughts and reactions in the comments below. **Stay Updated:** 🌐 Visit our website for more insurance strategies: www.maddockinsurancegroup.com **Follow Us on Social Media:** 📸 Instagram: https://www.instagram.com/joemaddockmig/ 📘 Facebook: https://www.facebook.com/maddockinsurancegroup **About Us:** Maddock Insurance Group is your go-to source for healthcare and health insurance insights and updates. Join us as we dive deep into the latest developments and strategies shaping health business. Don't miss out on the latest trends – hit that subscribe button and stay informed! And Be Good!

The gender-based disparity in healthcare spending brings to the forefront the need for a more nuanced, personalized approach to healthcare. While financial burdens on women are a concern, the debate on healthcare equity prompts us to question the fairness of shifting costs between genders. As we navigate these complexities, the emphasis on controlling controllable factors at an individual level emerges as a key strategy for reshaping the landscape of healthcare. It's time to move beyond broad regulations and embrace a more personalized, patient-centric healthcare model. https://www.maddockinsurancegroup.com/news/news-men-vs-women-who-pays-more-for-healthcare-and-why https://www.facebook.com/maddockinsurancegroup

The Affordable Care Act, or ACA, has been a game-changer for millions of Americans. And November 1st, marks the start of the annual enrollment period which runs through January 15th of next year! ** Visit our website to schedule your call now! www.maddockinsurancegroup.com ** #healthinsurance #openenrollment #enrollnow

It's almost Halloween - let's have a little fun! Check out my top 6 most popular Halloween candies in the U.S. in this video and let me know which ones I missed in the comments! Don’t be the house that gives out the WEIRD stuff!! Choose the crowd favorites!! #candy #halloween #top

The troubling aspect is whether Cigna is directly targeting low-dollar claims with the intent to force patients to pay their bills out-of-pocket. Is it a groundbreaking innovation that safeguards patient health, or is it a profit-driven mechanism that leaves you with the bill? Join us as we dissect the complex ethical and legal implications of this automated approach. Subscribe, hit the notification bell, and join the conversation in the comments below. Let's explore the future of healthcare insurance together. See the full article on our website

Cigna, one of the giants in the insurance industry, is once again facing scrutiny and legal challenges over its use of the PxDx automated system. The system is designed to identify discrepancies between medical diagnoses and acceptable tests and procedures, purportedly saving the company billions. However, the question arises, is this automated approach fair, ethical, or even legal?

More people than ever are signing up for Obamacare. But is it a good thing? And why are they doing it?

The once-familiar rhythm of the workforce has been disrupted, leaving many businesses grappling with an unprecedented labor shortage. Opinions on the cause are diverse, some blame workers for being 'lazy' and others point fingers at companies offering inadequate wages. We’ve heard from recruitment executives who say the employees are in control of the market for the first time in their lifetime. Here’s a look at some of the employee's asks and how they may benefit both businesses and the broader economy. #LaborShortage #employeeexperience #AI #machinelearning

Insurance carriers have long said it is their job to negotiate with doctors, hospitals, and pharmacy providers to get the best, lowest price for plan sponsors. To assist in that promise, Congress amended ERISA laws adding new price transparency requirements in 2020. This means employers should, in theory, be able to compare what they pay for medical care to publicly reported prices. But when companies have attempted to use these new rules to acquire the data, they’ve run into resistance and in some instances have been forced into court. There are still reliable ways to provide healthcare to employees that do not necessitate working with a carrier actively engaged in a legal battle to obfuscate plan sponsors at best and force illegal activity at worst. The key now is to ensure your benefits consultant is performing regular audits of your healthcare spend. You have heard the classic phrase "C.Y.A." - Until further notice, the employer is responsible for every dollar sent to a medical provider or administrator, whether you are self-insured or in a contract with one of the large carriers named in these lawsuits. Don’t be forced into breaking the law with a take-it-or-leave-it contract.

People on Medicaid are scared they'll be losing coverage! Can you blame them? Newspapers are jumping on the opportunity to get clicks - then they don't share any information on what to do next. There ARE options!

Health insurance and Healthcare are insane because we keep trying the same things over and over while expecting a different result. Stop banging your head against the wall - If you want the system to change, YOU have to change!

Let's look at some quick math to see if it even makes sense to have dental insurance.

Need individual or family health insurance coverage? 🤷‍♂️ Are you putting off the call because it's a time commitment and you don't know the documents you need? 👨‍🎓 Watch this so you know before you dial - it's not as rough as you may think. https://www.maddockinsurancegroup.com/family-services/health-insurance

There are 3 key steps in reducing this overspend: 1. Remove hidden contracts and spread pricing 2. Reduce the frequency and severity of claims 3. Use inexpensive and readily available resources to ensure better outcomes for chronic issues and outpatient procedures Your insurance plan has 6 major components and your insurance carrier owns 5 of them. How sure are you that they are negotiating with themselves in good faith? https://www.maddockinsurancegroup.com/business-services/self-funded-plan-advisory

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