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HealthMarkets was founded in 1983 by Ronald Jensen under United Insurance Companies, Inc. (UICI) [1] Through its focus on the then-untapped market of self-employed workers, the company was able to grow earnings by more than double between 1984 and 1985. In 1986, UICI made its first public stock offering.
The focus was on creating local or regional exchanges that offered a series of standardized health care plans that reduced the complexity and cost of acquiring or understanding health care insurance, while simplifying claims administration. The system was modeled after the standardized stock exchange and banking industry back office processes ...
In 1752, Benjamin Franklin founded the first American insurance company as Philadelphia Contributionship.In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail.
Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.
HPOne was founded in 2006 as HealthPlanOne in Southport, Connecticut, by Bill Stapleton and entered the brokerage business in 2007. [5] In 2008, the company raised $6.5 million of venture capital to expand its brokerage and enter the Medicare market. [6]
In healthcare, the third-party agent is the patient's health insurer, who is financially responsible for the healthcare goods and services consumed by the insured patient. [citation needed] Health economists evaluate multiple types of financial information: costs, charges and expenditures. [citation needed]
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This happens because the selling agent typically prefers splitting his commission with the buying agent rather than waiting longer to find another buyer and sell the same property. In case the buying agent sources a private deal then they charge up to the selling agent commission (for instance the full 5% in the French Riviera [7] up to 2% in ...
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