Kroger is selling its specialty pharmacy business to CarelonRx, the PBM subsidiary of Elevance Health.
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Fifteen insurers and trade groups met with Biden administration officials March 18 to discuss the industry's ongoing response to the cyberattack on Change Healthcare last month.
UPMC Health Plan CEO Diane Holder has grown the insurer to 4-million plus members and built a strong team capable of a "seamless transition."
Health system-owned Medicare Advantage enrollment continues to grow overall, but providers' share of the national MA market currently sits at 13%, compared to 17% in 2019.
Cigna Group CEO David Cordani was paid $21 million in total compensation in 2023, up slightly from 2022.
Federal health officials and payers are expected to meet March 18 to discuss how to support providers still struggling financially following the February cyberattack on UnitedHealth's Change Healthcare, according to a Bloomberg report.
Higher medical spending could be the new normal in Medicare Advantage — and insurers will have to find a way to respond, McKinsey analysts wrote.
The Medicare Payment and Advisory Commission called for a "major overhaul" of Medicare Advantage policies in its annual report to Congress.
Elevance Health's Anthem BCBS subsidiary will not administer Medicaid benefits in Kentucky, the state's supreme court ruled March 14, the Kentucky Lantern reported.
A lack of payments from Medicare Advantage plans is one reason a Connecticut hospital is laying off staff, the Hartford Courant reported March 14.