- Denver Health Medical Plan, which is part of a state-managed integrated health system, will be offering individual coverage in southwest Colorado in 2024 under the name Elevate through the Peak Health Alliance, a nonprofit purchasing group that negotiates directly with providers.
- Angle Health, a startup insurer launched in 2021, is expanding its employer-sponsored plans to Florida and North Carolina.
- SelectHealth, the insurance arm of Salt Lake City-based Intermountain Health, will expand to Colorado in 2024 in partnership with Aurora, Colo.-based UCHealth. The combined venture plans to offer Medicare Advantage and individual ACA exchange plans, pending regulatory approval.
- Curative, a startup health insurance company, is expanding its offerings to 20 counties in the Austin and San Antonio, Texas regions. The company is also adding level-funded plans throughout Texas on top of its full insurance options. Curative plans to expand its full insurance offerings through all of Texas in the future.
- Highmark plans to offer Medicare Advantage and D-SNP plans, individual and small group ACA plans, and large group fully insured and self-insured plans in southeastern Pennsylvania, including Philadelphia, in 2024.
- Elevance Health plans to acquire Blue Cross and Blue Shield of Louisiana, adding the Baton Rouge-based payer’s 1.9 million members to its Anthem Blue Cross brand.
- Cigna has received approval to open a branch in Saudi Arabia, becoming the first foreign insurer to be granted a license to open a branch in the country.
- St. Luke’s Health System in Boise, Idaho began offering a new health plan Jan. 1 in 20 counties across the state. An individual plan is offered on and off the state’s ACA exchange, and employer plans for large and small groups are available. Eventually, a Medicare Advantage offering will be considered.
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.