Author: Staff

Blue Cross and Blue Shield of Louisiana signed a definitive agreement Oct. 17 to acquire majority ownership of regional Vantage Health Plan for an undisclosed amount.

UnitedHealth Group is spending $69 billion on value-based payments, up from $64 billion in 2017, according to Forbes contributor Bruce Japsen.

While health insurance is intended to safeguard policyholders when severe illnesses arise, a survey of 1,495 of the sickest Americans found even those with insurance can experience financial fallout after a serious diagnosis, according to The New York Times.

Waltham, Mass.-based Devoted Health, a startup created by former athenahealth executives and Obama administration officials, has raised $360 million in venture capital to begin selling private Medicare Advantage plans to U.S. senior citizens, Bloomberg reports.

Tupelo-based North Mississippi Health Services notified patients it is ending a provider network agreement with Humana's Medicare Advantage plans due to frequent denials, according to the Daily Journal.

Another 4,109 Medicaid beneficiaries in Arkansas lost their health insurance in October after failing to comply with the program's work requirements for three months, according to the Arkansas Department of Human Services.

UnitedHealth Group posted strong results for the three months ended Sept. 30 and reported a previously undisclosed acquisition of a specialty pharmacy based in Phoenix.

While the healthcare industry expected passage of the ACA to curb participation in Medicare Advantage programs, the opposite took place, according to Kaiser Health News.

Aetna agreed to pay a $365,000 penalty after the insurance provider inadvertently breached the privacy rights of hundreds of New Jersey residents, the state's Attorney General Gurbir Grewal said Oct. 11.

Blue Cross Blue Shield of Massachusetts is standing behind one of its board members after multiple union groups protested for her resignation outside the insurer's office Oct. 10, according to the Boston Herald.