CareConnect

No. 239: Clean meat, SR-71s, Uber suits and a DIY self-driving car

TG it’s F: Happy Friday, everybody. It’s Aug. 25, on which the British burned down Washington but spared the U.S. Patent Office. (If you still hold a grudge, calling football “soccer” drives them freaking crazy. Just sayin’.) Happy birthday: Ivan the Terrible, Steve Levy, Amy De Leo, Tim Burton, Sean Connery, Ruby Keeler, Allan Pinkerton, Walt “Pogo” Kelly, Mel Ferrer, Leonard Bernstein, Monty Hall, Regis Philbin, Frederick Forsyth, Rollie Fingers, Elvis Costello, Billy Ray Cyrus and Claudia Schiffer….


Northwell: Blame Obamacare for CareConnect’s demise

By GREGORY ZELLER // A key component of the Northwell Health system’s core strategy to manage entire health populations is coming off the table. The health system announced late Thursday that it’s pulling the plug on its East Hills-based CareConnect Insurance Co., which has grown to cover some 125,000 customers since launching as New York State’s first provider-owned commercial insurance company in 2013. While it remains committed to “fortifying its population-health capabilities,” Northwell is “winding…


Health insurers ask for big rate hikes

New York health insurers are asking for premium increases of as much as 45 percent for 2017 as they try to combat rising costs and, in some instances, offset mega losses. In a statement released Wednesday, the New York Health Plan Association said the hikes “reflect increases that are the direct result of the underlying cost of care and marketplace changes that continue to impact health plans’ operations.” The average requested increase for individual plans…


CareConnect posts surge in enrollment

A surge in small-group enrollment has helped New York State’s first provider-owned commercial health plan triple its membership. CareConnect, the insurance arm of Northwell Health, announced Tuesday that it recorded a 244 percent membership increase during its 2015-16 open enrollment season, which ended Jan. 31. The insurer said it increased its enrolled members from 26,567 to 91,193 during the drive, including more than 88,000 effectuated members, meaning they’ve paid at least their first premium. The…


Insurance plan, acquisitions boost NS-LIJ financials

More patients, the acquisition of two new hospitals and increased revenue from its health-insurance subsidiary helped the North Shore-LIJ Health System record a strong fiscal performance over the first half of 2015. An earnings report issued this week by the Great Neck-based health system notes an operating income of $52.7 million for the six months ending June 30, up from $38.1 million over the first half of 2014. The system’s “Discussion and Analysis of Financial…