COVID-19 Reiterates Importance of SDOH

The pandemic’s fault lines have not been random. Coronavirus has hit society’s most vulnerable–the poor, elderly, minorities–the hardest.

As our fractures are laid bare, the healthcare community must use this as an opportunity to study how we should’ve been hyper aware of social determinants of health (SDOH) all along. Some have, fortunately, already learned that SDOHs are integral to our way out of the pandemic. (more…)

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COVID-19’s Potential Double-Digit Hike on 2021 Premiums

According to a new report by Covered California, California’s marketplace, 2021 premium increases to individuals and employers from COVID-19 alone could range from 4 percent to more than 40 percent, if carriers must recoup 2020 costs and protect solvency.

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Rising Unemployment During COVID-19 Precipitates States Opening Marketplaces

Last week, 3.3 million Americans filed for unemployment as industries buckled under COVID-19, according to the Department of Labor (DOL). This is the highest number of jobless claims since the DOL started tracking the data in 1967. 

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Keeping up With the Dizzying Pace of New COVID-19 Policies

The COVID-19 pandemic has brought an unprecedented strain on health care communities worldwide as we rush to flatten the curve. Federal and state governments in the United States have been putting out a flurry of new policies to help facilitate care and coverage of care. We have compiled these policies and will discuss how insurers, with the right technologies in place, can best respond to the policies to quickly solve this crisis.

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Softheon’s Commitment to Healthcare Amidst COVID-19

The health and safety of Softheon’s clients, partners and employees, as well as our clients’ members, has always been our highest priority. To take precaution against the growing impact of COVID-19, Softheon has strongly encouraged all employees to work from home. We have also suspended all non-essential travel.
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How the Presidential Candidates Plan to Control Health Care Costs

Per capita, the United States spends more on health care than any other developed country. Despite growing awareness over the issue, new reports show the numbers are getting worse. According to the Health Care Cost Institute’s 2018 Health Care Cost and Utilization Report, average health care spending for people with employer-sponsored insurance rose to an all-time high in 2018, costing $5,892 per person annually. From 2014 to 2018, total annual spending per person increased 18.4%. Average out-of-pocket spending increased to $907 per person annually.

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