A U.S. District Court judge sided with the Justice Department and blocked Indianapolis-based Anthem's proposed $54 billion acquisition of Bloomfield, Conn.-based Cigna on grounds the combined insurer would harm consumers and impede innovation.
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St. Louis-based Centene Corp. saw fourth quarter total revenues jump 89 percent in 2016 to $11.9 billion, compared to the same period last year. Centene said the jump primarily reflects the insurer's $6.3 billion acquisition of Woodland Hills, Calif.-based Health Net.
Chattanooga-based BlueCross BlueShield of Tennessee is growing its Medicare Advantage membership quicker than other insurers in the state, according to a Times Free Press report.
Health plans face a myriad of challenges this year, like waning market stability in ACA health exchanges, looming repeal and replacement of the health law and a surge toward care efficiency.
Texas has the highest rate of uninsured individuals in the nation, followed by Mississippi and Oklahoma, according to a Gallup-Healthways poll.
The five largest U.S. health insurers — Aetna, Anthem, Cigna, Humana and UnitedHealth Group — saw a range of financial results in the fourth quarter of 2016.
Louisville, Ky.-based Humana reported a fourth quarter consolidated revenue of $12.9 billion in 2016, falling 4 percent from $13.4 billion in the same period last year.
Colorado's health insurance exchange reported a 12 percent increase in health plan signups during the three months of open enrollment for 2017 coverage compared to last year.
Eagan, Minn.-based Blue Cross and Blue Shield of Minnesota named Tom Vanderheyden, former CEO of UnitedHealth Group subsidiary Harken Health, president of diversified business.
As Republican lawmakers continue efforts to repeal and replace the ACA, Minnesota's insurance market is going through various changes.