Tennessee, Alabama, Kentucky and Mississippi have the most expensive catastrophic claims, according to Sun Life Financial's fourth annual Top Ten Catastrophic Claims Conditions report.
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Two New York-based insurers — Metropolitan Life Insurance and Unum Life Insurance — requested rate increases up to 114 percent for long-term care policyholders in Florida, according to Florida's insurance commissioner.
Only seven of the original 23 health insurance co-ops created through the Affordable Care Act will offer plans during the fourth enrollment season this fall, according to Kaiser Health News.
The following insurers made headlines this week. They are listed below, beginning with the most recent.
Renton, Wash.-based Providence Health & Services will not renew its contract with Mountlake Terrace, Wash.-based Premera Blue Cross after disputing rates and other terms.
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Cheyenne-based Blue Cross Blue Shield of Wyoming, the only health insurer in the state offering plans on the 2017 federal exchange, is seeking rate increases averaging 7 percent, the Casper Star Tribune reported.
Five health insurers have sued the federal government since February to recoup payments owed under the Affordable Care Act's risk corridor program. Now, several other insurers are framing up their lawsuits over the ACA program, according to The Hill.
Kaiser Foundation Health Plan of the Northwest and BlueCross BlueShield of Oregon stand to receive large sums under the federal risk adjustment program, reports Portland Business Journal.
Cambridge, Mass.-based Metamark Genetics partnered with San Antonio-based Blue Cross Blue Shield of Texas, extending its urology diagnostics to policyholders.
Chicago-based Land of Lincoln Health will be placed under state control and shut down — leaving 49,000 uninsured — in light of the $31.8 million it owes under the Affordable Care Act's Risk Adjustment program, the Chicago Tribune reported.