Some payers expanded this year to reach half of the U.S. population, while others were forced out of business in some states altogether. Here are seven recent payer moves to enter or exit markets:
The Latest
Memorial Hermann Health System says Blue Cross Blue Shield of Texas owes it over $3 million in claims payments, according to federal court documents filed May 5.
The nation's largest payers have filed their first-quarter earnings reports, revealing which grew their revenues the most year over year.
Payers Humana, Cigna and Centene are among the top 50 companies for diversity in 2022, according to DiversityInc.
Medica paid nearly $233 million in 2021 to buy a 55 percent stake in Madison, Wis.-based Dean Health Plan, according to the Star Tribune
Waymark has named former Aetna Medicaid executive David Livingston as head of growth and former Anthem Medicaid executive Dana Thomas as growth partnerships leader.
Senate lawmakers questioned HHS Secretary Xavier Becerra May 4 over when and how the Biden administration will take action against "junk plans," or short-term health plans that are not subject to certain rules under the Affordable Care Act.
Cigna reported over $44 billion in total revenues in the first quarter, with the strongest growth in the company's Evernorth business. Projected revenues at year end stand at $177 billion, according to the company's earnings report released May 6.
The U.S. had a 9.2 percent uninsured rate last year, a decrease from 9.7 percent in 2020, according to a May 5 report from the CDC's National Center for Health Statistics.
A contract dispute between Raleigh, N.C.-based WakeMed Health and Hospitals and UnitedHealthcare could leave 20,000 patients out-of-network if an agreement is not reached before June 1, according to a May 5 North Carolina Public Radio report.