| Great-West Lifeco's US Subsidiary Announces Agreement To Acquire ...
WINNIPEG, April 9, 2007 /PRNewswire-FirstCall/ -- Great-West Lifeco Inc. today announced that its U.S. subsidiary, Great-West Life & Annuity Insurance Company, has entered into an agreement to acquire an 80% majority interest in Benefit Management Corp., whose principal subsidiary is Allegiance Benefit Plan Management, Inc., a Montana-based third-party administrator of employee health plans. The existing majority shareholder will retain a 20% interest in Benefit Management Corp. Lifeco expects the transaction will be accretive to earnings in 2007 and subsequent years. The transaction will add nearly 90,000 medical members to Lifeco's Great-West Healthcare division. It includes Allegiance's physicians and hospitals network, as well as Benefit Management Corp.'s other subsidiaries. These include a new company that was created to sell fully-insured health plans in Montana, and a company that provides medical management services, primarily in Montana.
How to Get Low Cost/free Health Insurance For Kids
Under the federal Insure Kids Now program, each state has a program to help qualifying working families get health insurance for their children. Difficulty Level: Average Time Required: Varies Here's How: Determine the program requirements for your state by visiting the Insure Kids Now Web site. (See Related Features for links)If your family qualifies, Call Toll Free number listed for your state to request an application and program handbook.Complete and return the application.
Tips: Each state has developed its own Web site with information about its specific Insure Kids Now program. (See Related Features for links.)Maximum allowable family incomes vary from state to state. [See Related Features for links to state program details.]Call Toll Free 1-877-KIDS NOW (1-877-543-7669) for program information and assistance.
The “Year of Health Care” – Reforms should serve consumers, not ...
Until this year, Governor Schwarzenegger was a consistent foe of pro-patient health care reforms - vetoing SB 840 (Kuehl), which would have set up a framework for universal health care and campaigning against Proposition 72, which would have mandated employment based coverage for large employers. Now the Governor says he wants to address the health care crisis. Along with Senator Don Perata, Assemblyman Fabian Nunez and other lawmakers, he recently outlined his ideas for expanding health coverage. The renewed spotlight on health care reform is a welcomed development for consumers. The Consumer Federation of California (CFC) will work to make sure that any reform plan serves the interests of the public, not the insurance industry's bottom line. As health insurance premiums continue to increase beyond the consumers' ability to afford them, an astonishing 25% of every health care dollar spent is eaten up by insurance industry bureaucratic waste, excessive salaries, and outlandish profits.
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