UnitedHealth Group and Amedisys have reached a deal to divest some home health and hospice clinics to BrightSpring Health and the Pennant Group. According to a May 1 regulatory filing, the two companies reached a deal to sell certain home…
Author: Rylee Wilson
Facing a $200 million loss in 2024, Bloomington, Minn.-based HealthPartners is scaling back its health plan operations, the Minnesota Star-Tribune reported April 30. As of April 1, HealthPartners has exited Minnesota’s Special Needs Basic Care Medicaid program, per the Star-Tribune.…
A group of New York state employees is suing Carelon Behavioral Health, alleging the health benefits provider knowingly maintained inaccurate directories of mental health providers, referred to in the lawsuit as “ghost networks.” In a proposed class-action lawsuit filed in…
Aetna will exit the individual ACA exchange market in 2026, citing continued underperformance. CVS Health reported its first quarter earnings May 1. On a call with investors, CEO David Joyner said the company determined there is “not a near or…
Elevance Health will remove most of its Anthem Medicare Advantage plans from online broker platforms. According to a message sent to brokers, Anthem said most of its standard Medicare Advantage plans will be removed from online broker platforms May 1.…
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2025 is shaping up to be a rocky year for payers’ finances. At least seven Blue Cross Blue Shield plans reported losses in 2024, which could persist into 2025. In April, UnitedHealth Group cut its earnings guidance for 2025, citing…
One in three Americans receives health coverage through one of 33 independent Blue Cross Blue Shield companies. Here are 101 things to know about BCBS’ corporate structure, history and more. This story was first published in April 2023 and last…
UnitedHealth Group president and CFO John Rex was the highest-paid payer CFO in 2024. Mr. Rex was paid $18.7 million in total compensation, according to proxy filings from the company. Here’s how CFOs of the largest payers were compensated in…
The mean salary for chief executives at health and medical insurance carriers in 2024 was $392,520, according to the Bureau of Labor Statistics. The BLS published updated 2024 employment data on April 2. The mean wage for all occupations across the…
UnitedHealth Group CEO Andrew Witty was the highest-paid payer CEO in 2024. Mr. Witty earned $26.3 million in total compensation in 2024, up from $23.5 million in 2023. Most CEOs’ pay increased slightly from 2023, while Elevance Health CEO Gail…