Insurers in the news: April 28 – March 5

The following insurers made headlines this week. They are listed below, beginning with the most recent.

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1. BCBS NC faces major fines for ongoing IT, reimbursement troubles

North Carolina Insurance Commissioner Wayne Goodman said he plans to issue a multi-million dollar fine against Blue Cross and Blue Shield of North Carolina for technology issues.

2. Humana considers dropping out of state ACA exchanges
Humana might be following in the footsteps of other top insurers as it considers exiting the Affordable Care Act exchanges in some states in 2017.

3. BCBS of Montana refunds $1.3M to over 5k college students
BlueCross BlueShield of Montana returned $1.3 million to more than 5,600 college students from Montana universities.

4. WellCare gets profit boost from Medicare enrollees
WellCare reported better-than-expected financial results for the first quarter of 2016, aided by a 1.2 percent increase in Medicaid enrollments.

5. UnitedHealthcare, Obstetrix contract impasse leaves patients without coverage
A contract dispute between UnitedHealthcare and a physicians’ group that manages high-risk pregnancies left thousands of parents unsure whether their medical care will be covered by insurance.

6. BCBS of Illinois will stop accepting credit card payments
Blue Cross and Blue Shield of Illinois will not allow customers to use credit cards to purchase their own health insurance on or off the Illinois marketplace.

7. Cigna, Rush launch collaborative care program
Cigna and Chicago-based Rush Health have established a new collaborative care relationship similar to an accountable care organization.

8. Aetna posts 6.5% decreases in Q1 net income
Aetna released its first quarter 2016 financial results.

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