Orange, Calif.-based Medicare Advantage company Alignment Healthcare's program for chronically-ill seniors has grown to serve more than 4,000 high-risk members since launching in 2017, the company said May 26.
Payer
The Health Reimbursement Arrangements Council held its first meeting May 21, according to Think Advisor.
Insurance software developer Majesco announced it will work with Cigna to develop a new digital platform for its supplemental health business.
Multiple health insurers filed a lawsuit against CVS Health on May 21, accusing the company of upcharging for prescription drugs by submitting claims at "artificially inflated prices."
With the coverage of 15,000 people in the balance, Virginia's Mary Washington Healthcare and Cigna have yet to reach agreement on a contract that expires May 30, according to The Free Lance-Star.
The IRS issued guidance May 18 on expanded COBRA subsidies under the American Rescue Plan.
Anthem director Julie Hill sold 1,308 shares of the payer's stock on May 20, according to MarketBeat.
An analysis of quarterly and year-end financial statements of five Illinois Medicaid companies by the Better Government Association revealed an unprecedented increase in profits from April through December of 2020.
New mothers in Texas with Medicaid insurance could keep their coverage for an additional six months postpartum instead of two, according to the Texas Tribune.
Medicaid programs in several states have made headlines over the past few weeks, as policy changes prompt lawsuits, new waiver submissions and studies.
