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New Technologies in the Insurance Landscape (Part 2 – Blockchain)

Tom Spencer

Insurance industry observers, for their part, believe that the innovative distributed ledger could introduce a variety of improvements and efficiencies to the insurance landscape, and have the following four applications: Fraud detection. Peer-to-peer insurance. Peer-to-Peer Insurance. Identity management.

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Digital Disruption in the US Small-Business Insurance Market

BCG

Insurers know that many small businesses in the US—those with up to 30 workers—will eventually buy insurance directly online. What insurers don’t appreciate is how fast this shift is likely to happen. See the exhibit, “Digital Underwriting Is Taking Off in the US Small-Business Insurance Market.”)

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Healthcare Industry — The Rise of Vertical Integration

Tom Spencer

For example, an insurance company might take control of hospitals, primary care providers, home services, or community agencies. In early 2018, CVS Health, a provider of retail pharmacies and healthcare stores, acquired Aetna , an insurance company. Advantages & Disadvantages of Vertical Integration.

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Where Both the ACA and AHCA Fall Short, and What the Health Insurance Market Really Needs

Harvard Business

The question of whether the United States will have functioning markets where individuals can buy health care insurance lies at the heart of the current debate about repealing and replacing the Affordable Care Act (ACA). First, these insurance markets were distressed before the enactment of the Affordable Care Act.

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Wearable Technology in Healthcare

Tom Spencer

Based on a recent study by Global Industry Analysts , the global market for wearable medical devices is projected to eclipse $4.5 1 In the United States, the predominant market in this space, it is estimated that roughly 20% of Americans currently own a wearable fitness device. billion by 2020. Potential Benefits.

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Pros and Cons of Professional Employer Organizations (PEOs) Why a “Virtual PEO” May be the Better Option

Emerson Consulting Group

For example, the CEO of McBassie & Company reported in 2018 that 750,000 US companies with 3.7 The primary rationale for retaining a PEO – at least according to the marketing of the PEO itself – is that by bundling multiple employers together it is possible to leverage efficiencies of scale. As a result, PEOs are widely used.

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What the Big Mergers of 2017 Tell Us About 2018

Harvard Business

Then the insurance companies attempted to consolidate, and were blocked by the antitrust authorities. It has been going on for decades, led by the American multinational companies that first conquered foreign markets in the 1950s and 1960s. Hospitals , too, are merging horizontally when they can, as did pharmacy retailers.