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Few People Anticipate Healthcare Costs They Will Incur During Retirement

The Milwaukee Journal Sentinel (5/21, Boulton) reported, "Women who retired last year will need an average of $93,000 in savings to pay for healthcare expenses in retirement," and men will need an average of $65,000, according to an estimate by the Employee Benefit Research Institute. An "estimated 24% of the people who retired last year will need more than a year of nursing home care, and 9% will need more than five years of care, according to the Center for Retirement Research at Boston College."

IBM Expects To Launch Medical Version Of Watson Computer System In Roughly Two Years

The AP (5/22) reported, IBM says it is about "two years" away from marketing a medical version of its Watson computer system, which is "best known for handily defeating the world's best 'Jeopardy!' players" earlier this year. The company says no prices for the medical version have yet "been established.

Healthcare Law's Rate Increase-Review Provision Kicks In September 1st

The New York Times (5/24, Carrns, Subscription Publication) "Bucks" blog reported that starting "Sept. 1, double-digit increases in health insurance premiums for individuals and small businesses will be subject to a review and possible rejection by state and federal officials."

House Panel Members Clash Over Insurance Sales Across State Lines

The Hill (5/26, Baker) reports in its "Healthwatch" blog that "basic consumer protections that exist in almost every state would be eroded if insurance companies could sell policies across state lines, Democrats said Wednesday."

NAHU CEO Explains How Healthcare Waivers Will Cause Rapid Increases In Premium Rates

In a Las Vegas Sun (5/26) op-ed, National Association of Health Underwriters CEO Janet Trautwein wrote that a "May 16 article that first appeared on lasvegassun.com," indicating the federal government would "exempt Nevada's health insurers" from the 20% minimum medical-loss-ratio rule, is "fantastic news for the Silver State's consumers, as the waiver will preserve their insurance choices."