With fewer employees spending five days a week in-office, two of the nation's largest insurers are consolidating their headquarters.
The Latest
From the Elevance-Blue Cross Blue Shield of Louisiana deal put on hold again to Cigna reaching a deal to sell its Medicare business, here are nine payer mergers and acquisitions updates Becker's has reported since Jan. 29:
UnitedHealthcare has named Michael Baker as chief operating officer.
Nebraska lawmakers are considering requiring the state's Medicaid program to cover GLP-1 drugs, the Omaha World-Herald reported Feb. 15.
Brian Pieninck has led CareFirst BlueCross BlueShield as president and CEO for nearly six years, and he was recently elected as chair of the Blue Cross and Blue Shield Association's board of directors.
It has been a busy few weeks for Medicare Advantage policy. CMS proposed a slight cut in benchmark rates, and payer executives were split on the impact of rising costs in the business.
Medicaid redeterminations began in April 2023, and all major payers have released their 2023 earnings, revealing which recorded the largest enrollment losses in the Medicaid market.
The Cigna Group is buying back $3.2 billion in common stock through accelerated repurchase agreements with Deutsche Bank and Bank of America, the company announced Feb. 15.
Cigna Healthcare has named Lisa Buckley general manager for its Midwest group employer business.
Most private investments in the Medicare Advantage space go to companies specializing in marketing and selling MA plans, according to a Feb. 13 report from the Private Equity Stakeholder Project.