As Excellus BlueCross BlueShield reported year-over-year profit growth, the payer also recorded some of its largest medical expense payouts in more than 20 years, according to the Democrat & Chronicle.
Author: Staff
Employers are continuing to put retirees on Medicare Advantage health plans in an effort to save money, but many are doing so at the cost of disrupting care, according to a March 2 Fortune report.
President Joe Biden announced a new plan to address mental health disparities during his March 1 State of the Union address, marking an approach that strongly aligns with national payers' approaches to whole person health, according to Forbes.
Cigna's board of directors announced Feb. 28 a $450 million investment in Cigna Ventures, the payer's investment arm, which it will use to support health startups, according to eMarketer.
UnitedHealthcare is shifting its claim payments toward digital reimbursement, effective June 1.
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While 1 in 5 consumers disenroll from their insurance every year, the payers whose enrollment steadily grows the most are those that invest in long-term health, according to a study published Feb. 24 in JAMA Network Open.
El Segundo, Calif.-based Sidecar Health, a payer that advertises members paying provider's cash prices, is expanding into Illinois, achieving a coverage milestone.
Clover Health named Conrad Wai as the payer's chief technology officer, the company announced March 1.
Bright Health Group announced March 1 that Matt Manders, former president of Cigna's government and solutions arm, has joined its board of directors.
BlueCross BlueShield of Texas and Memorial Hermann failed to renew their network contract Feb. 28, forcing the region's largest health system out of network for 100,000 members, according to the Houston Chronicle.