Topic: Healthcare

Rhode Island Obtains Federal Approval For A New Reinsurance Program For Health Insurance

Rhode Island has recently obtained federal approval for its application for a state innovation waiver under section 1332(c)(1) of the Patient Protection and Affordable Care Act (PPACA). Section 1332 of PPACA allows states to apply for a waiver from certain requirements of the PPACA (set forth in section 1332(a)(2) of the PPACA) in order to develop alternative strategies to provide residents with health insurance.

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Locke Lord Receives Deal of the Year Award From The Deal for Role in CVS Health’s Acquisition of Aetna

The Deal has awarded Locke Lord with its 2019 Deal of the Year distinction for the Firm’s role as national insurance regulatory counsel to CVS Health in its completed acquisition of Aetna. The honor was announced at the June 20 ceremony for The Deal Awards, which recognize leading lawyers, bankers, advisers and investors who are setting the trends in the industry.

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Trump Administration Issues Executive Order Regarding Health Coverage and Discontinues Cost-Sharing Reductions Payments

On October 12, 2017, President Donald Trump signed an Executive Order “to reform the United States healthcare system to take the first steps to expand choices and alternatives to Obamacare plans and increase competition to bring down costs for consumers.

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California Governor Signs Long-term Care Insurance Bill

On October 6, 2015 California’s Governor Jerry Brown signed into law Senate Bill 575, requiring annual notifications of certain nonforfeiture benefits under long-term care insurance contracts. Under current law, an insurer is required to offer, at the time of application for a long-term care insurance contract, an option to purchase a shortened benefit period nonforfeiture benefit.

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Insights into emerging joint ventures for insurers and hospitals focus of Bloomberg BNA article from Locke Lord

Recent efforts by hospitals, physician practice groups and health insurance and managed care companies to lower health care delivery costs and better align their respective interests following the passage of the Affordable Care Act was the focus of a Bloomberg BNA article from Locke Lord LL lawyers Jon Biasetti, Baird Allis and Benjamin Sykes.

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Attention, Health Insurers: Unique Encryption Requirements in NJ

As further analyzed in our QuickStudy, available here, New Jersey has enacted a new law (P.L. 2014, c. 88, codified at N.J. Stat. Ann. §§ 56:8-196 – 56:8-198) effective August 1, 2015, requiring health insurance carriers authorized to issue health benefits plans in New Jersey to encrypt personal information that they store electronically.

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