San Francisco-based Blue Shield of California affiliate Care1st Health Plan will divest its Arizona subsidiaries to Tampa, Fla.-based WellCare Health Plans for $157.5 million.
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Business-to-business trust levels in the healthcare industry rank among the lowest of all industries in the U.S. This may explain why the transition to value-based care delivery is crawling at a snail's pace.
Health plans participating in the Affordable Care Act individual market saw an increase in average risk scores from 2014 to 2015, which indicates an increase in the health plans' predicted expenses.
House Speaker Paul Ryan (R-Wis.) is being asked by Republicans to consider a civil action lawsuit against the Obama administration to halt settlements for health insurers claiming millions in owed government funds, The Hill reports.
The Illinois Department of Insurance said three-fourths of Illinois counties will have one or two payers offering coverage next year on the state's Affordable Care Act exchange, St. Louis Business Journal reports.
Health insurer BlueCross BlueShield of Tennessee's exit from the state's individual market in three of its most populous regions will leave thousands searching for health plans this open enrollment.
Watertown, Mass.-based Tufts Health Plan and Steward Health Care System in Boston will eliminate their Medicare Advantage agreement by the end of 2016, Boston Globe reports.
California's state health insurance exchange started contacting 1.3 million consumers via mail last week with notifications about the cost of their 2017 premiums, California Healthline reports.
The following health plans requested or received state approval for rate changes in the last two weeks, beginning with the most recent.
The federal government has developed a new policy to ensure consumers whose insurers have left the Affordable Care Act marketplace maintain coverage in 2017, reports The New York Times.