Louisville, Ky.-based Humana will exit several state Affordable Care Act individual exchanges it participated in this year, citing around $1 billion in losses, The Hill reported.
Payer
Hartford, Conn.-based Aetna and Louisville, Ky.-based Humana are establishing a game plan to fight the U.S. Department of Justice's lawsuit against their proposed $37 billion deal, Reuters reported.
Illinois insurance companies will have to provide coverage for 3D mammograms after Gov. Bruce Rauner signed the requirement into law Wednesday, the Chicago Tribune reported.
The following insurers made headlines this week. They are listed below, beginning with the most recent.
The American Medical Association applauded the U.S. Department of Justice's lawsuits against proposed Anthem-Cigna and Aetna-Humana deals, stating decreased competition in the health insurance market would harm patients.
Only about one-third of health insurers came out ahead in the Affordable Care Act marketplace in 2014, according to a study by the Commonwealth Fund.
The U.S. Department of Justice and attorneys general from several states filed lawsuits against Anthem and Aetna out of concern their proposed acquisitions would impede health insurance competition.
Policyholders of Covered California Health Plan will face an average 13.2 percent increase to their rates next year in the individual market, another sign that California's two-year reprieve from double-digit rate increases is coming to an end.
Mountlake Terrace, Wash.-based Premera Blue Cross will increase health insurance premiums by an average 9.8 percent in 2017 for individual plans, Alaska Dispatch News reported.
Indianapolis-based Anthem footed $460,000 to election campaigns of governors and state attorneys general in hopes to sway approval for its $54 billion acquisition of Bloomfield, Conn.-based Cigna, International Business Times reported.
