Today's Top 20 Stories
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Feds launch portal for reporting anticompetitive healthcare deals
The Biden administration has launched an online portal for reporting "potentially unfair and anticompetitive" healthcare practices to the Justice Department's Antitrust Division and the FTC. -
Texas Medicaid shake-up could force 1.8 million to switch plans
A major shake-up in Texas's Medicaid contract awards could threaten the existence of some hospital-owned plans, The Texas Tribune reported April 18. -
Elevance Health's new $4B primary care venture: 5 things to know
Elevance Health hopes to bring more providers into downside risk-sharing arrangements with a new primary care venture.
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Trial date set for Florida Medicaid unwinding challenge
A federal judge in Florida has set a May 13 trial date for a lawsuit filed by two families accusing the state of terminating their Medicaid coverage without proper notice or a chance to contest the decision. -
Elevance Health posts $2.2B profit in Q1
Elevance Health posted $2.2 billion in net income during the first quarter, a nearly 13% increase compared to the same period last year, according to the company's earnings report published April 18. -
Former BCBS North Carolina execs raise millions for startup aimed at coordinating care outside US
Two former executives with Blue Cross and Blue Shield of North Carolina have completed a $2.1 million seed round for their startup aimed at finding healthcare services outside the U.S. for patients, TriangleInno reported April 16. -
Mississippi weighs state-based ACA exchange
Legislation has been introduced in Mississippi that would transition the state to a state-run ACA exchange.
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3 Pennsylvania health systems sue Aetna for breach of contract
A group of three Pennsylvania health systems has sued Aetna, alleging the insurer subtracted the cost of supplemental benefits from money intended for patient care. -
Some Blues not reconnecting to Change Healthcare, BCBS Association says
Some Blue Cross Blue Shield plans are reconnecting to Change Healthcare's platforms and other plans are not, the BCBS Association told lawmakers April 16. -
BCBS Association names chief legal officer
The Blue Cross Blue Shield Association has named Monica Auciello as chief legal officer and general counsel. -
UnitedHealth vows to bring back Change Healthcare stronger than before hack
UnitedHealth Group plans to bring Change Healthcare back stronger than it was before it suffered the largest cyberattack in the history of the U.S. healthcare system.
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Medicare Advantage costs begin to stabilize, UnitedHealth says
Rising medical cost trends aren't going down, but they are stabilizing, UnitedHealth Group executives say. -
UnitedHealth posts $1.4B loss in Q1 following Change cyberattack
UnitedHealth Group posted a $1.4 billion net loss in the first quarter of 2024 following the sale of its Brazil operations and the unprecedented cyberattack on its Change Healthcare subsidiary in late February. Despite the losses, the company beat investor expectations and shares rose more than 6% to above $474, the Wall Street Journal reported. -
L.A. Care CEO to retire
The CEO of the largest publicly operated health plan will retire at the end of 2024. -
Blue Shield of California's virtual-first health plan: 6 key numbers
Blue Shield of California launched its virtual-first health plan in partnership with Accolade and TeleMed2U in January 2023. -
Cigna's Evernorth to build new innovation hub in Ireland
Cigna's Evernorth Health Services is building a new innovation hub in Galway, Ireland. -
CMS delays implementation of new Medicare, Medicaid data rules
CMS will delay implementation of new policies designed to heighten security around Medicare and Medicaid data that drew criticism from researchers.
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