insurers

Michigan insurer plans to drop coverage for weight loss drugs

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Michigan insurer plans to drop coverage for weight loss drugs

(NewsNation) — As weight loss drugs like Ozempic and Wegozy are soaring in popularity, some insurers are looking to drop the medications, possibly costing patients thousands in out-of-pocket expenses. Blue Cross Blue Shield of Michigan is one such insurer. Beginning in January 2025, around 10,000 people in the state will lose coverage. Companies aren’t entirely … Read more

Bond: Bond forwards set to clear many grey areas for banks, insurers

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Bond: Bond forwards set to clear many grey areas for banks, insurers

Mumbai: Bond forwards in sovereign debt, for which the Reserve Bank of India released draft directions last week, will help end a regulatory grey area and let banks and insurers cater to the trillions of rupees worth of retail demand for long-term investment products in a standardised manner. Introduction of bond forwards, which are derivative … Read more