Insight, analysis & opinion from Joe Paduda

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Intelligent reform of Medicare Rx…is it possible?!

There are rumblings that a large number of Republican representatives are pushing to reform the Medicare Prescription Drug Program. Hallelujah. There are several problems with this ill-conceived and poorly-executed program. They are all related to a core issue – the … Continue reading Intelligent reform of Medicare Rx…is it possible?!

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Posted on January 9, 2005Author Joe PadudaCategories Health Care Issues

Top Trends in the health insurance markets

Here are the top trends in health care as I see them, using the actuarial method of looking back over my shoulder to see what happened, and thereby predicting the future with confidence. 1. More consolidation amongst health insurers. Many … Continue reading Top Trends in the health insurance markets

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Posted on January 2, 2005Author Joe PadudaCategories General Insurance Issues1 Comment

Marsh’s future – post Spitzer

Risk and Insurance magazine, an industry publication focussed primarily on the property and casualty industry, has an interesting interview with Marsh CEO Michael Cherkasky. Cherkasky, a relative newcomer to Marsh who joined the organization when they acquired Kroll (investigations and … Continue reading Marsh’s future – post Spitzer

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Posted on December 18, 2004Author Joe PadudaCategories General Insurance Issues

Coventry and Workers’ Comp

Coventry’s acquisition of First Health represents a critical point for the WC managed care business. As the market leader with some $190 million in annual revenues in WC bill review and network services, FH has long been a strong, and … Continue reading Coventry and Workers’ Comp

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Posted on November 16, 2004Author Joe PadudaCategories Workers Comp

WCRI Annual Conference

The Workers’ Compensation Research Institute is one of the leading research organizations focused on WC. Their annual conference in Cambridge MA just concluded, and once again WCRI produced some interesting and thought-provoking studies. This year’s conference used a slightly different … Continue reading WCRI Annual Conference

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Posted on November 13, 2004Author Joe PadudaCategories Workers Comp

First Health and Coventry

The latest information on the Coventry acquisition of First Health may provide a sense for the future of the merged entity. Item 1. Profits at First Health are down, ostensibly due to “merger related charges” and steep declines in revenues … Continue reading First Health and Coventry

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Posted on November 8, 2004Author Joe PadudaCategories Health Care Issues, Manage Care - Group Health, Workers Comp

Coventry to acquire First Health

Coventry Health Care announced yesterday it is going to acquire FirstHealth Group for stock and cash equivalent to about $18.70 per share. Coventry is a second-tier managed care company focused on small group, fully insured business, in 15 states. This … Continue reading Coventry to acquire First Health

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Posted on October 15, 2004Author Joe PadudaCategories Health Care Issues, Workers Comp

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