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Medicare Advantage plans looking to maintain no-premium models could face 50% cuts to supplemental benefits and $1,000 more in older…
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The insurer-backed Better Medicare Alliance, a Medicare Advantage advocacy group, and over 100 other organizations sent a letter Feb. 27 to CMS Administrator Mehmet Oz, MD, urging the agency to modify proposed 2027 rate levels for Medicare Advantage. The signatories…
CarepathRx has joined Evernorth Health Services, a division of the Cigna Group. According to a statement to Becker’s from Evernorth, the acquisition was completed in 2025 as part of the company’s strategy to expand support for patients with specialty conditions…
Elevance Health has named Rachel Chinetti as president of Wellpoint Tennessee, which provides managed care benefits to about 1.4 million Medicaid beneficiaries. Ms. Chinetti will oversee strategy and day-to-day business operations, with priorities including rural health, maternal health, and long-term…
CMS is sanctioning Elevance Health and plans to suspend enrollment into the insurer’s Medicare Advantage prescription drug plans, according to a Feb. 27 agency letter. The enrollment and communications pause is set to begin March 31 unless Elevance submits all…
UnitedHealth Group has named Dennis Stankiewicz as chief accounting officer, effective March 2. Tom Roos, who has served as CAO since 2015, has been named CFO at Optum Insight, the company said in regulatory filings. Mr. Stankiewicz will continue to…
Blue Cross and Blue Shield of Massachusetts reported a net loss of $222.8 million and a -2.2% profit margin in 2025, citing unprecedented medical and pharmacy spending. The company’s annual revenue was $10.3 billion. It posted an operating loss of…
UnitedHealth Group is limiting employee raises to between 0% and 2% this year and laying off an unspecified number of workers, Bloomberg reported Feb. 27. Minnesota, the company’s home state, has not posted any relevant Worker Adjustment and Retraining Notification…
ACA premiums for older adults have surged nationwide following the expiration of enhanced premium tax credits at the end of 2025, with increases varying dramatically by state, according to a Feb. 26 KFF analysis. The report examined how the loss…
Anthem Blue Cross of California is extending the pause on its upcoming evaluation and management claim downcoding policy until April, the insurer confirmed to Becker’s Feb. 27. A Feb. 23 news release from the California Medical Association said the policy…
Organizations working toward payer-provider alignment do not necessarily have to lead with the financial angle, Sioux Falls, S.D.-based Sanford Health’s COO, Matt Hocks, said. Mr. Hocks recently assumed responsibility for Sanford and Security Health Plans. In a recent interview with…
