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Health insurer Humana has halved its expectations for the health insurance exchange open enrollment period and predicts federal officials will push back the sign-up deadline because of technical issues with the federal exchange site, according to a Reuters report.

The nation's five largest investor-owned health insurers totaled nearly $80 billion of revenue combined in the third quarter of fiscal year 2013, pocketing about $3.7 billion of that amount in profit.

Health insurer Humana's third-quarter net income decreased 13.6 percent, from $426 million in 2012 to $368 million this year.

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Many health insurers are cancelling individual insurance plans because the policies aren't "grandfathered" and don't meet PPACA requirements, according to the trade group America's Health Insurance Plans.

Medicare inappropriately paid $23 million for services recorded as rendered after beneficiaries had died, despite CMS safeguards meant to prevent such payments, according to an HHS Office of Inspector General report.

Pittsburgh-based Highmark claims Bridgeville, Pa.-based Radiance Surgery Center overbilled it by $1.7 million over two years, according to a Pittsburgh Post-Gazette report.

Third-quarter net income at health insurer Cigna increased by nearly 19 percent, from $466 million in 2012 to $553 million this year.

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