Payer

Highmark Health posted an operating income of $533 million on revenues of $27.1 billion in 2023, bolstered by membership growth in its health plans, the company said. 

CMS will introduce a new payment model designed to spur innovation in primary care for Medicare beneficiaries. 

Fifteen insurers and trade groups met with Biden administration officials March 18 to discuss the industry's ongoing response to the cyberattack on Change Healthcare last month.

Cigna Group CEO David Cordani was paid $21 million in total compensation in 2023, up slightly from 2022. 

Federal health officials and payers are expected to meet March 18 to discuss how to support providers still struggling financially following the February cyberattack on UnitedHealth's Change Healthcare, according to a Bloomberg report.

Higher medical spending could be the new normal in Medicare Advantage — and insurers will have to find a way to respond, McKinsey analysts wrote. 

The Medicare Payment and Advisory Commission called for a "major overhaul" of Medicare Advantage policies in its annual report to Congress. 

Elevance Health's Anthem BCBS subsidiary will not administer Medicaid benefits in Kentucky, the state's supreme court ruled March 14, the Kentucky Lantern reported.

A lack of payments from Medicare Advantage plans is one reason a Connecticut hospital is laying off staff, the Hartford Courant reported March 14. 

Five states offered unrestricted coverage of the weight loss drugs Wegovy and Saxenda, a study published March 14 in JAMA found.