Medicare Advantage costs are “elevated, but manageable,” according to Elevance Health CFO Mark Kaye. The company reported its first quarter earnings April 22. Total revenue in the first quarter was $40.9 billion, up 14.6% from the first quarter of 2024.…
Author: Rylee Wilson
UnitedHealth Group CEO Andrew Witty earned $26.3 million in total compensation in 2024. The company disclosed pay information for its highest-paid employees in its annual proxy report published April 21. Mr. Witty’s pay increased around 12% from 2023, when he…
Eric Palmer, executive vice president of enterprise strategy for the Cigna Group, will exit the company April 26. Mr. Palmer, who also served as CEO of Evernorth Health Services, will receive a $5.2 million cash payment upon his exit, according…
Texas lawmakers are urging further action against Superior Health Plan, after the plan’s former CEO admitted to using private investigators to research lawmakers. In an April 10 letter, the members of Texas House Committee on Delivering on Government Efficiency requested…
Blue Cross Blue Shield of Massachusetts will no longer cover GLP-1 drugs for weight loss as part of its standard benefits, the Boston Globe reported April 17. In a statement shared with Becker’s, a BCBS Massachusetts spokesperson said the company…
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Anthem has reached a settlement in a case alleging its standards for residential mental health coverage were unnecessarily strict. According to an April 15 joint-status filing, Anthem and the plaintiffs in the case reached an agreement in principle on the…
Alignment Healthcare has promoted two executives to lead its AI and member experience efforts. Arta Bakshandeh, DO, has been named president of AVA, the company’s AI clinical insight platform, according to an April 15 news release. Dr. Bakshandeh was most…
CMS has denied an appeal from Humana to raise its 2025 star ratings, the company disclosed in an April 15 court filing. Humana saw its Medicare Advantage star ratings drop significantly from 2024 to 2025, which will hurt the company’s…
Patient expectations will push healthcare to evolve by 2030, according to 23 payer executives. Leaders said AI, new models of care and a push toward convenience will transform healthcare in the next five years. Becker’s connected with 23 leaders to…
CMS proposed a major payment boost for Medicare Advantage plans but declined to take up new regulations around AI and GLP-1 drugs. Here are 10 Medicare Advantage updates Becker’s has reported since March 18.