For payers, drug formulary development and maintenance are essential for accurate reporting and tracking of prescription medications. An up-to-date and well-established classification resource can help payers and other stakeholders manage their drug formulary more efficiently. While several classification resources are…
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2025 is shaping up to be a rocky year for payers’ finances. At least seven Blue Cross Blue Shield plans reported losses in 2024, which could persist into 2025. In April, UnitedHealth Group cut its earnings guidance for 2025, citing…
A former Centene executive is suing the company over what he called “wrongful, anti-competitive, and bullying behavior” related to a noncompete agreement. The plaintiff, who served as vice president of pharma relations and business strategy at specialty pharmacy AcariaHealth (acquired…
One in three Americans receives health coverage through one of 33 independent Blue Cross Blue Shield companies. Here are 101 things to know about BCBS’ corporate structure, history and more. This story was first published in April 2023 and last…
A federal judge has dismissed a proposed class-action lawsuit that aimed to require insurers in New Mexico to cover medical cannabis as a behavioral health treatment. The complaint was originally filed in June 2022. On April 23, U.S. District Judge…
Chiquita Brooks-LaSure, the CMS administrator under the Biden administration, is joining the board of directors for Families USA, a health consumer advocacy organization. Ms. Brooks-LaSure will help guide the organization’s efforts to advance health justice and economic security, including defending…
Centene posted $1.3 billion in net income in the first quarter, per its earnings report published April 25. Total revenues in the first quarter were $46.6 billion, up 15.4% year over year. The company reaffirmed its year-end adjusted EPS guidance…
UnitedHealth Group president and CFO John Rex was the highest-paid payer CFO in 2024. Mr. Rex was paid $18.7 million in total compensation, according to proxy filings from the company. Here’s how CFOs of the largest payers were compensated in…
Cigna’s board of directors has declared a $1.51 per share cash dividend to be paid June 18. The dividend will be paid to shareholders of record as of the close of business June 3, according to an April 23 news…
The mean salary for chief executives at health and medical insurance carriers in 2024 was $392,520, according to the Bureau of Labor Statistics. The BLS published updated 2024 employment data on April 2. The mean wage for all occupations across the…