Cigna is expecting smaller margins in its individual insurance business because of higher-than-expected risk adjustment payments, Cigna Group executives told investors on an Aug. 3 call.
Payer
Payers are cracking down on prescriptions for expensive GLP-1 drugs like Ozempic and Wegovy, but these drugs could provide a boost to the pharmaceutical benefit sides of payers' businesses, executives told investors.
The Blue Cross Blue Shield Association is backing a bill that would eliminate restrictions on same-day billing for mental health services for children on Medicaid.
Medicaid redeterminations are continuing, with more than 3.7 million people removed from the program since April, according to KFF. Recent survey results show many enrollees say their health plan has not reached out to them about how to renew their…
The nation's largest payers have filed their second-quarter earnings reports, detailing revenue and profit totals. Becker's analyzed financial earnings at each company as a whole, along with their individual health benefits segments. A ranking of Q1 profits is here.
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Humana had the largest Medicare Advantage membership growth in the second quarter of 2023, and UnitedHealthcare continues to have the largest member base, according to the companies' earnings reports.
The uninsured rate hit a record low of 7.7 percent in the first quarter of 2023, according to data published Aug. 3 by the CDC.
UnitedHealth Group is the 10th largest company in the world by revenue, according to Fortune's "Global 500" list.
From the labor department suing over emergency claims denials, to releasing details of its planned 20 percent reduction in prior authorization requirements, here are 10 updates about UnitedHealth Group Becker's has reported since July 12.
The Cigna Group raised its year-end revenue projections to $190 billion and reported a 6 percent decrease in shareholders' net income, according to the company's second quarter earnings published Aug. 3.