Capital Blue Cross commercial prescription drug plans will cover Humira and Stelara biosimilars through the insurer’s partnership with Mark Cuban Cost Plus Drug Co., according to an April 23 news release. Biosimilars resemble original biologics, undergo clinical trials and must verify…
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The Cigna Group’s board of directors April 22 declared a per-share cash dividend of $1.56 to be paid on June 18. The dividend will be paid to shareholders of record as of the close of business on June 4. Cigna…
Blue Cross Blue Shield of Michigan will relocate 130 employees from its suburban Cascade office to its downtown Grand Rapids building, according to an April 21 news release. In May, renovations will begin on the West Michigan headquarters in Grand…
Former UnitedHealth Group CFO John Rex topped the list of the highest earning payer CFOs — again. Several CFOs who were also on the list last year — including those from UnitedHealth Group, Centene and Elevance Health — saw pay…
As a growing number of hospitals and health systems walk away from Medicare Advantage contracts, Cleveland Clinic is moving in the opposite direction, betting that the path forward runs through the payer’s side of the table, not away from it.…
Oscar Health’s insurance president, Janet Liang, secured the company’s biggest paycheck in 2025, according to an April 22 proxy statement. Ms. Liang, former group president and COO of care delivery for Kaiser Foundation Health Plan and Hospitals, joined Oscar in…
A federal court has temporarily halted a Florida-based operation that the Federal Trade Commission alleges collected more than $91 million by deceiving consumers into purchasing fake health insurance coverage. The FTC filed its complaint April 7 in the U.S. District…
Molina Healthcare reported a 95% year-over-year drop in net income for the first quarter of 2026, falling to $14 million, from $298 million in the same period last year. The insurer attributed the decline in part to a $93 million…
CJ Bhalla has been named CFO of Blue Shield of California and its parent company, Ascendiun. Ms. Bhalla begins her role on May 18, succeeding interim CFO Kassie Maroney, who will remain the company’s chief actuary, according to an April…
UnitedHealth Group CEO Stephen Hemsley topped the list of the highest-paid payer CEOs in 2025 — and it wasn’t by a small margin. The caveat is, as Mr. Hemsley stepped back into the C-suite in 2025, his compensation package included…