Health insurer Centene's stock jumped 8.1 percent and closed at $70.45 a share, according to a Nasdaq article published May 10. The payer's stock has increased 5.9 percent over the past four weeks.
Payer
Here are five recent lawsuits involving commercial payers:
The insurance arm of ProMedica in Toledo, Ohio, filed a lawsuit seeking documents from the state Medicaid department on its managed care contract awards, according to the Toledo Blade.
The IRS raised the annual limit people with high-deductible health plans can contribute to their health savings accounts.
Worcester-based UMass Memorial Health announced it is starting its own health insurance company, Central Mass Health.
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Several commercial health insurers recorded all-time high share prices on May 10, according to historical share price data.
Centene has named Drew Asher executive vice president and CFO, effective May 7.
Cigna CEO David Cordani said preventive care procedures including mammograms, colonoscopies, childhood vaccinations and cervical cancer screenings among its members are back to levels not seen since before the COVID-19 shutdowns of early 2020.
Though 2020 was a reportedly stressful year, treatment rates for mental health problems did not increase, according to a published Anthem Blue Cross Blue Shield report called "State of the Nation's Mental Health."
Seven for-profit health insurers saw their revenues and profits increase during the first quarter of the 2021 fiscal year.