Payer

A federal appellate court has revived the Saginaw Chippewa Indian Tribe's lawsuit against Blue Cross Blue Shield of Michigan that alleges the payer failed to fulfill its fiduciary duties in administering tribal health insurance, costing the tribe millions of dollars.

From joining the S&P 500 to facing a lawsuit over its 401(k) plan, here are five recent headlines about the Long Beach, Calif., managed care organization: 

UnitedHealth Group's founder is retiring from the payer's board of directors, the Minneapolis Star Tribune reported April 26. 

UnitedHealth Group CEO Andrew Witty earned over $18.4 million in fiscal year 2021, on par with other CEOs but ranking below Cigna Chair and CEO David Cordani and above Humana President and CEO Bruce Broussard, according to a proxy statement…

Centene pulled in over $37 billion in revenue in the first quarter and added nearly 2 million members, according to the company's earnings report released April 26.

Financial records show for-profit Blue Cross and Blue Shield of Mississippi has accumulated a surplus significantly larger than what regulators require to protect consumers, according to Mississippi Today. 

From contract disputes over reimbursement rates to the largest fine in Georgia's history, here are nine recent headlines about Blue Cross Blue Shield companies:

Blue Care Network has launched a precision medicine program called Blue Cross Personalized Medicine that will use pharmacogenomics to personalize and tailor medication treatments for members.

Optum will be responsible for a quarter of all health tech startup acquisitions this year, according to Venrock's "2022 Healthcare Prognosis" survey.

Blue Cross Blue Shield of Michigan is partnering with Nashville, Tenn.-based Honest Medical Group for a venture they say will ease physicians' transition to value-based care for Medicare and Medicare Advantage patients.