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Jeff Ricketts succeeded Burke King as the president of Richmond-based Anthem Blue Cross and Blue Shield in Virginia, The Roanoke Times reports.

Edgewood, Ky.-based St. Elizabeth Healthcare and Lexington, Ky.-based WellCare, a Medicaid and Medicare managed care insurer, entered into a value-based care contract to improve health outcomes of Medicaid and Medicare beneficiaries.

The failure of Senate Republicans' healthcare bill creates greater uncertainty for insurers, especially in regard to the future of cost-sharing reductions that help insurers subsidize the cost of coverage for low-income Americans, according to Fitch Ratings.

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