A U.S. District Court judge sided with the Justice Department Feb. 8 and blocked Indianapolis-based Anthem's proposed $54 billion acquisition of Bloomfield, Conn.-based Cigna, stating the combined payer entity would hurt consumers and hamper innovation.
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A Delaware Chancery Court judge ruled in favor of Indianapolis-based Anthem and momentarily banned Bloomfield, Conn.-based Cigna from motioning to end the $54 billion merger agreement between the two payers, Bloomberg reports.
Harrisburg, Pa.-based Capital BlueCross named Susan Hubley vice president of corporate social responsibility.
Speaking at a Wall Street Journal conference, Aetna CEO Mark Bertolini said the ACA exchanges are "in a death spiral."
CMS issued proposed regulations Wednesday to stabilize the individual and small group health insurance markets.
Indianapolis-based Anthem filed a lawsuit Wednesday against Bloomfield, Conn.-based Cigna in an attempt to block Cigna from terminating their proposed $54 billion merger agreement.
Brazil's richest healthcare billionaire and UnitedHealth Group's largest individual shareholder worth $3.1 billion died Tuesday at the age of 73, according to a Reuters report.
Louisville, Ky.-based Humana plans to no longer provide individual products through ACA exchanges effective Jan. 1, 2018. The insurer cited an unbalanced risk pool as the reason for its departure.
Durham, N.C.-based Blue Cross and Blue Shield of North Carolina President and CEO Brad Wilson will retire later this year.
Bloomfield, Conn.-based Cigna terminated its merger agreement with Indianapolis-based Anthem and filed a lawsuit against the insurer for roughly $14.85 billion.