Andrew Witty, the new CEO of UnitedHealth Group, said many negative effects felt by the insurer during the COVID-19 pandemic will fade in 2022, according to Bloomberg.
Payer
President Joe Biden announced 1 million people have signed up for health coverage during the ACA marketplace's special enrollment period issued earlier this year, ABC News reported.
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.
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.
Advertisement
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.
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.