Australia, Asia send Bupa profits higher
Bupa reported revenues up 6% in the first half of 2011, driven by strong performances in Australia and Asia, as well as favorable foreign exchange movements. The firm’s pre-tax profit… Read more »
Category: Health Insurance
CIGNA expands into Turkey
International health and life insurer CIGNA has received a license to sell its products in Turkey. CIGNA Hayat Sigorta S.A., based in Istanbul, will offer health insurance products to individuals…. Read more »
Insurance costs US doctors 4x as much as Canadians
US doctors spend almost four times as much as their Canadian peers on administrative expenses related to health insurance, found a study by Cornell University and the University of Toronto…. Read more »
Insurance Roundup July: Vietnam, US, Bupa
As temperatures rise to record levels across the United States, various international credit rating agencies are turning the heat up even further on Washington D.C. The inability of the US… Read more »
New medical tourism agency launches in Canada
The Canadian Medical Travel and Tourism Agency (a private company) announced the launch of Global Healthcare Connections to identify solutions for Canadians willing to travel abroad for medical and dental… Read more »
The high cost of medical evacuations
Medical evacuations are one of the costliest expenses for international health insurance companies, wrote Peter Pallot in Health Insurance & Protection Magazine: Growing numbers in the insurance industry believe there… Read more »
Romanian hospital joins Bupa network
Romania’s new Delta Hospital has joined Bupa International’s network in an effort to better serve the country’s expat community, reported Romania Business Insider. The 10,000 square meter, EUR13 million facility… Read more »
Aetna International enters Indian market
The international arm of US-based Aetna acquired Indian Health Organization Pvt Ltd. (IHO), a company offering Indian consumers access to medical and dental care through a credentialed provider network. Aetna… Read more »
Obamacare will hurt expat business, claim insurers
US health reform will hurt insurers’ expatriate business, according to Kaiser Health News’ Phil Galewitz and Christopher Weaver. At issue is the “medical-loss ratio” (or MLR), which requires insurers to… Read more »
Chinese medical inflation estimated at over 100%
A recent release from MediCare International discussed key challenges facing China’s healthcare system: mainly a long history of traditional medicine and rapid medical inflation. Trying to introduce a new healthcare… Read more »