e-Health develops new health insurance packages to counteract Trump’s ACA withdrawal
Upon the recent news that President Trump is set to dismantle Obamacare and rip into the present Affordable Care Act (ACA), many low-income families will be unable to afford basic healthcare.
With premiums expected to rise by more than 20% in some markets, eHealth recently published a report examining health insurance costs for families that make too much to receive ACA premium subsidies in 50 US cities and found that a projected 10% increase in 2018 would make their health insurance unaffordable in 47 of those cities.
e-Health also analysed ACA health insurance premiums for individuals that make too much to receive ACA premium subsidies in 25 US cities and found that by age 45 health insurance would be unaffordable in the majority of those cities if premiums rise 10% in 2018.
Health insurance company e-Health is therefore set to support this market in a new partnership with The IHC Group. The collaboration will see it boost its revenue growth by developing new health insurance packages which will support those who will become unable to afford health plans which meet all requirements for ACA or Obamacare.
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The packages will become available at the beginning of November, and will provide a single point of service when users need to use their benefits. Offerings may differ by state but will include varying combinations of both insurance and non-insurance products, such as short-term medical insurance, supplemental (GAP) insurance, fixed-indemnity insurance, telemedicine benefits, prescription drug discount benefits, and medical advocacy services.
“We’ve listened to our customers and developed these medical insurance packages to better serve those customers who are not getting what they need from our Obamacare products,” commented e-Health Chief Executive Officer Scott Flanders.
“Today’s actions by the Trump administration will help consumers who can’t afford Obamacare plans by giving them lower cost, longer-term options. Lifting restrictions on short-term insurance plans, for instance, is a long-overdue step that will help consumers who are caught in Obamacare’s affordability gap.”
“This executive order will bring some relief to the nearly eight million middle-class Americans who pay full price for their health insurance,” he added. “43% of the people enrolled in Obamacare health insurance plans don’t qualify for premium tax credits and, as a result, have few or no affordable options for health coverage.”
Check Point: Securing the future of enterprise IT
Cybersecurity solutions provider Check Point was founded in 1993 with a mission to secure ‘everything,’ and that includes the cloud. Conscious that nothing remains static in the digital world, the company prides itself on an ability to integrate new technology with its solutions. Across almost three decades in operation, Check Point, with its team of over 3,500 experts, has become adept at protecting networks, endpoints, mobile, IoT, and cloud.
“The pandemic has been somewhat of an accelerator in the evolution of cyber risk,” explains Erez Yarkoni, Global VP for Cloud Business. “We had remote workers and cloud adoption a long time beforehand, but now the volume and surface area is far greater.” Formerly a CIO for several big-name telcos before joining Check Point in 2019, Yarkoni considers the cloud to be “part of [his] heritage” and one of modern IT’s most valuable tools.
Check Point has three important ‘product families’, Quantum, CloudGuard, and Harmony, with each one providing another layer of holistic IT protection:
- Quantum: secures enterprise networks from sophisticated cyber attacks
- CloudGuard: acts as a scalable and unified cloud-native security platform for the protection of any cloud
- Harmony: protects remote users and devices from cyber threats that might compromise organisational data
However, more than just providing security, Yarkoni emphasises the need for software to be proactive and minimise the possibility of threats in the first instance. This is something Check Point assuredly delivers, “the industry recognises that preventing, not just detecting, is crucial. Check Point has one platform that gives customers the end-to-end cover they need; they don't have to go anywhere else. That level of threat prevention capability is core to our DNA and across all three product lines.”
In many ways, Check Point’s solutions’ capabilities have actually converged to meet the exact working requirements of contemporary enterprise IT. As more companies embark on their own digital transformation journeys in the wake of COVID-19, the inevitability of unforeseen threats increases, which also makes forming security-based partnerships essential. Healthcare of Ontario Pension Plan (HOOPP) sought out Check Point for this very reason when it was in the process of selecting Microsoft Azure as its cloud provider. “Let's be clear: Azure is a secure cloud, but when you operate in a cloud you need several layers of security and governance to prevent mistakes from becoming risks,” Yarkoni clarifies.
The partnership is a distinctly three-way split, with each bringing its own core expertise and competencies. More than that, Check Point, HOOPP and Microsoft are all invested in deepening their understanding of each other at an engineering and developmental level. “Both of our organisations (Check Point and Microsoft) are customer-obsessed: we look at the problem from the eyes of the customer and ask, ‘Are we creating value?’” That kind of focus is proving to be invaluable in the digital era, when the challenges and threats of tomorrow remain unpredictable. In this climate, only the best protected will survive and Check Point is standing by, ready to help.
“HOOPP is an amazing organisation,” concludes Yarkoni. “For us to be successful with a customer and be selected as a partner is actually a badge of honor. It says, ‘We passed a very intense and in-depth inspection by very smart people,’ and for me that’s the best thing about working with organisations like HOOPP.”