Payers could save between $80 billion and $110 billion in the next five years using existing artificial intelligence technology, according to a new report from the National Bureau of Economic Research.
Author: Rylee Wilson
Elevance Health will 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.
AHIP is focused on Medicaid redeterminations and promoting competition in the marketplace for 2023.
Payers are adding new virtual mental healthcare options for members, including on-demand classes and one-on-one mental health coaching sessions.
Centene has completed its divestiture of Magellan Specialty Health to healthcare administration company Evolent Health.
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Blue Cross Blue Shield of Texas and Abilene, Texas-based Hendrick Health have extended their contract agreement through April 30, avoiding a split between the two organizations. The contract was set to expire Feb. 1.
Payers' stocks, which remained strong through 2022, could take a hit in 2023 as the Federal Reserve relaxes interest rate hikes and federal regulators tighten rules around Medicare Advantage, The Wall Street Journal reported Jan. 23.
Georgia will not consider a full expansion of Medicaid in the near future, The Atlanta Journal-Constitution reported Jan. 19.
Issues with Blue Cross Blue Shield of North Carolina's claims processing system led state officials to request new contract bids to manage its state health plan, the Charlotte Observer reported Jan. 19.
A plan to shift New York City retirees' coverage to Medicare Advantage has stalled indefinitely, the New York Daily News reported Jan. 19.