How iPhone apps could affect your insurance

To determine rates for the customer,The life insurance company have a new tool for it.

  Apple's (AAPL, Tech30) design  new mobile operating system, developers can build apps that find heart rate, sleep, weight and blood pressure.
  Then user select they can then send that information to doctors for medical advice.
  Health insurers, which are barred by Obamacare from denying coverage based on pre-existing conditions, can't base their decisions on this kind of information. But the situation is different for life insurers, who use medical records to make decisions about the relative risks of prospective customers.

Bradley shear whose the lawyer on digital privacy said "If I'm an insurance company, I'd want access to everything, all the data points, so I can make an informed business decision,"

Why you want lose your health insurance

"If you like your health insurance, you can keep it".it was  Barack Obama’s best promises ,but at the very same time the president was making that promise, lawmakers on Capitol Hill were drafting legislation that would make clear that promise could never be kept.

It is not only  problem is  that when the health reform law was passed, millions of people were unable to keep the plan they had in 2010, . They are not likely to be able to keep for long any plan they have selected this year on a health insurance exchange. As we move ahead, all health plans will be subjected to restrictions that are likely to change every year. So its mean this year plan to meets the Obamacare restriction, may not meet the restriction next year or the year after that.

So the idea of long-lasting portable insurance that allows long term relationship between you and your doctor awith medical providers  was completely squashed when Congress passed Obamacare.

Now look at the chart below. It shows that all commercial health insurance must fit within four metallic bands: Bronze, Silver, Gold and Platinum. Each band is explained by its “actuarial value” percent represent benefits the plan which is expected to pay. For example, a Bronze plan represent expected to pay between 58% and 62% of health care costs for a representative enrollee. A Silver plan represent expected to pay between 68% and 72%. And so forth.

Lets Suppose if you are in a Bronze plan with an actuarial value of 58%. Then, so due to lot of changes like because of price changes, technology changes, or some other kind of change, your plan suddenly covers 60% of expected expenses. You think its good for you, right? Wrong. Because your plan no longer fits into one of the metallic corridors, it’s no longer a valid plan  despite the fact that it has become a better plan!

Now  suppose you fit  really good plan  that pays 98% of expected health care costs. There are large number of Democrat’s who think that every n each bill will pay by health insurance, you would think that the law passed by a Democratic Congress without a single Republican vote would strongly encourage such a plan.

Under Obamacare, 92% pay by any Any plan th more than  expected health care costs for the average enrollee is illegal

Healthcare will favour Google over Apple

This comparison of operating system  and even more specifically how these connect to enterprise healthcare.
It contain information about consumer health and fitness, enterprise healthcare applications are typically ones that are licensed (or owned) by the healthcare facility, provider or institution for managing healthcare data on

  Transfering of Apple’s enormous consumer brand popularity (and loyalty) to healthcare , I think it’s misguided for 3 important reasons.

1) Software v Hardware:

In 2007, Apple first launched the iPhone.  Marc Andreessen, says “software is eating the world” and mobile handsets are becoming commoditized. Shortly after Apple’s global event earlier this month.

According to suggestion of  Recent estimate that there are now over 1 million apps in Apple’s iStore and Google Play combined. That’s an impressive volume of apps, but on average, consumers use less than 30 each month and that number hasn’t changed dramatically for the last 3 years.

2 . Consumer v Enterprise:

Apple’s show low interest and focus on developing successful enterprise partnerships.

Second point is lack of exclusivity. During Apple’s HealthKit announcement at their Worldwide Developer Conference earlier this summer, Apple was eager to showcase the number of big healthcare institutions as “partners” for developing the consumer-facing healthcare apps for use with enterprise solutions. It’s an enviable list of large healthcare institutions some with global brand recognition.

Enterprise healthcare isn’t engage by the same requirements, restrictions or revenue models that direct-to-consumer apps are. Enterprise healthcare solutions looking to engage patients aren’t looking to generate revenue with mobile apps ‒ and similarly ‒ any app development they do is an enterprise cost associated with large IT budgets. This isn’t remotely comparable to an early stage software venture eager to impress venture capitalists with simple download and usage metrics.

3) Price

The price Apple’s latest model ‒ the iPhone 6 ‒ starts at $649 (contract free 16Gb model) and the 128Gb iPhone 6 is $849. cellular contracts as expensive and complicated for consumer .‒ Android also provides a significant advantage for the budget . Smartphones based on Android’s latest operating system (KitKat) are readily available (also unlocked) for less than $200 ‒ and some are even less than $100. Here’s one with some fairly impressive specs (and 4.3 stars out of 5) on Amazon for $148.

healthcare providers (or payers) want to get into the business of subsidizing the actual handset, they’re simply not in a position to dictate either Android or iOS as a patient platform.this wi definitely anxious to embrace Apple’s consumer brand loyalty and cache, they are far more likely to embrace a more agnostic technical view relative to the competing mobile platforms ‒ and given the enormous strengths of both Apple and Google

People lose insurance at the end of Sept

Obama administration said on Monday at the end of this month round about Tens of thousands of people are likely to lose their health insurance because they missed a deadline to confirm they are legally residing in the U.S.

The Centers for Medicare and Medicaid Services said 5 deadline to send additional document to those whose citizenship or immigration status wasn't verified by HealthCare.gov hadn't contacted the federal government by a Sept.

At the end of this month the government is now set to inform insurers to end the coverage those people bought through HealthCare.gov . A provision in the Affordable Care Act bars people living in the U.S. without authorization from shopping for coverage through the site.

  According to Federal officials notice also said send notices to about 279,000 people whose income can't be verified, giving them until Sept. 30 to submit further documentation. Those people won't lose their coverage if they don't respond, but the tax credits that offset the cost of their premiums could be suspended.

The people who obtained plan through Health care .gov It struggled to verify citizenship or immigration status.gov by the time the main enrollment period closed in mid-April. That is because the information in their applications didn't match the data the federal government had on file.
That number had been whittled down to 310,000 by August, when the federal government sent out letters to the remaining enrollees telling them they had three weeks to take action or see their coverage terminated.

Federal officials appreciated the help they had received from immigrant advocacy groups in ensuring that many people did respond in time. Andy Slavitt said the groups had done "extraordinary work," , a top official at the Centers for Medicare and Medicaid.  Services who announced the numbers Monday.
People whose coverage is terminated can apply to re-enroll for coverage at any point, Mr. Slavitt said.
Of people set to lose coverage, 35,100 are in Florida. A further 19,800 are in Texas, and the rest are dispersed through 34 other states where the federal government is running some or all of the exchange.

The government now will inform insurance companies to cancel their coverage effective Sept. 30. The cancellations affect only those who enrolled onHealthCare.gov, the federal marketplace created by the Affordable Care Act that was used by consumers in 36 states, including Illinois, to compare and purchase health insurance.