Today's Top 20 Stories
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Highmark lays off 182 employees
Highmark has laid off 182 employees, a spokesperson for the company told Becker's March 11. -
Biden administration pitches 'Medicaid-like' coverage in nonexpansion states
The Biden Administration is doubling down on a proposal to create "Medicaid-like" coverage for low-income adults in states that have not expanded the program. -
How Elevance Health is improving health outcomes through an integrated spectrum of care
The healthcare industry is rapidly evolving, transforming both patient experiences and healthcare delivery. It's essential to embrace an integrated spectrum of care, which encompasses in-person, digital, and virtual services to adapt to this changing landscape. This approach enables timely medical interventions, minimizes travel issues, ensures ongoing support, and ultimately results in better health outcomes.
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9 payer M&A updates
From the Elevance-Blue Cross Blue Shield of Louisiana deal put on hold again to Cigna reaching a deal to sell its Medicare business, here are nine payer mergers and acquisitions updates Becker's has reported since Jan. 29: -
A 'paradigm shift' in weight loss drug coverage
Wegovy is now approved to be used to reduce the risk of heart attack, stroke and cardiovascular death, which could lead to broader payer coverage of the drug. -
Elevance closes Paragon Health acquisition
Elevance Health has closed the acquisition of infusion center and specialty pharmacy operator Paragon Healthcare. -
HHS to UnitedHealth, payers: Help providers with cash flow following Change attack
The federal government is urging UnitedHealth Group and other insurers to address cash flow issues among providers facing an absence of timely payments following the cyberattack on Change Healthcare in February.
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Aetna, Humana, Elevance sign on to Biden's cancer coverage proposal
Seven insurers have pledged to cover navigation services for cancer and other serious illnesses. -
Part D plans ramp up prior authorization
Medicare Part D plans have ramped up restrictions on prescription drugs since 2011, a study published in the March edition of Health Affairs found. -
Fastest growing Medicare Advantage startup plans | 2024
Enrollment in Medicare Advantage startup plans grew 18% from 2023 to 2024, according to a March 5 analysis from Chartis. -
5 things to know about Cigna's '1st of its kind' GLP-1 program
The Cigna Group has launched EncircleRx, a program aimed at helping employers control the cost of GLP-1 drugs for weight-loss.
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Former Humana exec named Clover Health Medicare Advantage CFO
Clover Health has named Clay Thornton CFO of its Medicare Advantage division. -
UnitedHealth details Change attack recovery timeline: 5 updates for payers
UnitedHealth Group detailed a timeline March 7 for restoring key Change Healthcare systems following the unprecedented cyberattack on the company in late February. -
Louisiana lawmakers look to make a future BCBS sale more difficult
Three weeks after a halted merger between BCBS Louisiana and Elevance Health, two Louisiana state lawmakers have filed bills that would make it more difficult for nonprofit insurers, (such as BCBS Louisiana) to reorganize into a for-profit organization that could then be sold, nola.com reported March 5. -
3 BCBS companies reporting losses in 2023
Some Blue Cross Blue Shield plans are reporting year-end financial losses due to ongoing trends such as rising utilization in the Medicare Advantage space and growing demand for weight loss drugs. -
How 4 major payers have been affected by Change Healthcare attack
Payers are reporting significant reductions in the volume of claims they receive from providers following the ransomware attack on Optum's Change Healthcare in late February, but the effect on prior authorization processes has been limited. -
Elevance subsidiary taps president
Wellpoint Washington, a wholly owned subsidiary of Elevance Health, has named Lisa Bogard president. -
The states where most Medicare beneficiaries have Medicare Advantage plans
Twenty-six states now have more than half of their Medicare enrollees in Medicare Advantage plans, according to a March 5 report from Chartis, a healthcare advisory services firm. -
Former Walgreens chief legal officer takes UnitedHealth Group advisory role
Walgreens Boots Alliance's former executive vice president and global chief legal officer has been named an executive in residence at UnitedHealth Group. -
UnitedHealth faces proposed class-action suit over Change Healthcare data breach
UnitedHealth Group and its Change Healthcare business are facing a proposed class-action lawsuit in the wake of a cyberattack that downed Change's applications, complicating operations at hospitals, physician practices and pharmacies.
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