Health insurance rates are skyrocketing due to several factors. Firstly, the increasing cost of medical care and services is a major contributor, as healthcare providers and facilities raise their prices to keep up with rising operational costs. Additionally, the growing prevalence of chronic diseases, such as diabetes and heart disease, leads to higher treatment costs, which are then passed on to policyholders through increased premiums. Furthermore, the rising cost of prescription medications, particularly specialty drugs, also plays a significant role in driving up health insurance rates. The impact of an aging population, with older adults requiring more frequent and costly medical care, is another factor contributing to the upward trend in health insurance costs. Moreover, the decreasing number of insured individuals, particularly among younger and healthier populations, leads to a smaller risk pool, causing premiums to rise for those who remain insured. Regulatory changes and mandates, such as the Affordable Care Act, have also had an impact on health insurance rates, as have the costs associated with administrative and regulatory compliance. Lastly, the fluctuating healthcare market and the consolidation of healthcare providers and insurers have led to reduced competition and increased costs, ultimately resulting in higher health insurance rates for consumers.

by | Oct 29, 2025 | Care, Insurance

Open enrollment for health care plans has begun, allowing individuals to enroll, renew, or change their plans for the upcoming year. However, many people will experience sticker shock due to rising health care costs. According to Beth Umland, director of Employer...
CRED has expanded its insurance network by partnering with Bajaj Allianz, Tata AIG, and United India on its garage platform.

CRED has expanded its insurance network by partnering with Bajaj Allianz, Tata AIG, and United India on its garage platform.

by | Oct 29, 2025 | Bajaj Allianz Life Insurance, ICICI Lombard, Insurance, Kotak Life, Tata AIA, United India Insurance

CRED, a fintech company, has expanded its motor insurance offerings on its CRED Garage platform by partnering with three new insurance providers: Bajaj Allianz General Insurance, Tata AIG, and United India Insurance. This brings the total number of insurance providers...