The rebates, which aren’t related to the COVID-19 pandemic, average $367 a person. More than 131,500 members with individual plans are set to get the rebates.
Horizon BCBS executives said the rebates signal that the insurers’ efforts to lower healthcare costs are working, according to the Asbury Park Press. Specifically, the rebates show the effect of Horizon BCBS’ Omnia plans, which aim to lower the cost of care by partnering with providers, Michael Considine, a vice president at the insurer, told the newspaper.
Read more here.
More articles on payers:
How Aetna, Anthem, Humana, Cigna and UnitedHealth performed in Q4
CVS profit down 44% in Q4
Health insurance exec compensation: 5 things to know
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.
