Word: low-cost
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California officials decided to regulate the plans rather than shut them down and lose the benefit of low-cost health coverage in a state where an estimated 4.5 million are uninsured--more than half of them Latino. In 1998 California passed legislation that allowed Mexican HMOs to operate in the state, provided they offer benefits solely to Mexican nationals. SIMNSA was granted a license in 2000. So far, it is the only Mexican HMO approved to sell cross-border policies in California...
...appeal for employers and consumers is the health plans' relatively low price. For example, a standard Health Net HMO plan for a family of four costs about $500 a month, while Salud con Health Net's low-cost HMO option costs about $300. Even if that particular family is not using Mexican providers, the fact that other plan members are doing so helps reduce plan costs all around. While an overnight stay in a California hospital can cost from $1,500 to $3,000, a bed in a high-quality, licensed hospital in Baja California costs only from...
Some companies, such as Blue Cross of California, have shied away from the cross-border market. Spokesman Michael Chee says the company prefers to focus ondeveloping low-cost care in the U.S. Aetna teamed upbriefly with a Mexican insurer to market a cross-border HMO a few years ago but bowed out in part because oflower-than-expected enrollment...
...addition to a 320-seat theater, the new building will house a theater-themed café and the Carr Foundation’s headquarters, as well as low-cost office space for non-profits, which Carr says is much needed in a city facing a space crunch where all property is extremely expensive...
...After nearly three years of courting Daewoo, GM and its partners?including Suzuki Motor Corp. of Japan?agreed to pay $400 million in cash for a majority stake in the broken-down carmaker. GM's gamble is that it can radically rebuild the busted company, transforming it into a low-cost producer of cheap cars not just for Korea but for export to places like Latin America and China. The overhaul is already quietly under way, and the company is scheduled to be formally relaunched in October under a new name, GM Daewoo Auto & Technology...