Tag: aetna

Chinese Protests Over Health Insurance Underscore Risks for Xi

(Bloomberg) — Chinese pensioners returned to the streets of Wuhan to protest changes to their medical benefits, highlighting the challenge confronting President Xi Jinping’s government following historic anti-lockdown demonstrations in November. Photos and videos taken in Wuhan on Wednesday showed a large group of people gathered under an overpass singing and chanting, despite a heavy police presence. Hundreds of people and rows of police outside the city’s Zhongshan Park were also seen in photos shared on China’s Weibo microblogging platform. Hours later, the online footage has largely disappeared, with searches for “Zhongshan Park” and “Wuhan medical insurance reform” on Weibo…

Pickleball is bad news for health insurance stocks, UBS says

A sport that is making many older Americans more active could be backfiring for health insurance companies, according to UBS. Pickleball is a tennis-adjacent sport that has exploded in popularity since the Covid-19 pandemic, attracting millions of new players and celebrity investors. But UBS analyst Andrew Mok said in a note to clients Monday that the sport’s growth and popularity among seniors could contribute to rising health-care spending. “After analyzing the growth in pickleball as well as the nature and frequency of related injuries, we conducted a bottom-up analysis of medical costs. In total, we estimate $250-500 mn of medical…

What Happens When You Don’t Fund Your Trust?

After you work with your estate planning attorney to draft a carefully tailored estate plan, it is usually your responsibility to “fund” the trust. We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date. (To subscribe to our blog click here). What does funding the trust mean? Funding the trust is simply transferring assets into your trust. If you have a trust, you will want to put your assets into the trust, by retitling bank accounts, re-designating beneficiaries of life insurance, etc. We walk our clients through the…