UnitedHealth Group has cancelled the performance-based restricted stock units previously granted to its former CEO Andrew Witty. The stock units were given to Mr. Witty in February, but he agreed to the cancellation after departing the company last month for…
Payer
Outpatient care and pharmacy costs were the main drivers of the 6.2% increase in healthcare expenses for a family of four from 2024 to 2025, according to the latest Milliman Medical Index. Milliman has tracked healthcare costs for 20 years and…
Medica is expanding into the St. Louis region with new network partnerships that include SSM Health and Mercy. The company’s commercial plans include ACA-funded small group, level-funded, fully insured and self-insured large group options. Medica also operates in the Medicaid…
Following a tumultuous period for UnitedHealth Group, new CEO and board chair Stephen Hemsley addressed investors on June 2, acknowledging the company’s recent shortcomings and detailing his plan to restore the high performance that investors and customers expect moving forward.…
Ten providers recently posted job listings seeking leaders in payer contracting and relations. Note: This is not an exhaustive list. Listings were compiled from job-seeker sites. 1. Baptist Health Care, based in Pensacola, Fla., seeks a director of managed care…
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Blue Shield of California reported a net income of $103 million in 2024, down more than 20% from $130 million in 2023. In 2024, the company’s total revenue was $27.4 billion, up 8.2% year over year. The company’s operating expenses…
Blue Cross and Blue Shield of Minnesota has dropped a Medicare Advantage star ratings lawsuit against CMS. The lawsuit, originally filed March 10 in federal court in Washington, D.C., challenged the accuracy of CMS’ calculation of the company’s 2025 MA…
Elevance Health’s Blue Cross Blue Shield of Georgia is suing HaloMD, Hospitalist Medicine Physicians of Georgia and Sound Physicians Emergency Medicine of Georgia, alleging the three organizations exploited the No Surprises Act’s Independent Dispute Resolution process for financial gain. The…
From its CEO’s resignation to a reported federal investigation into its Medicare Advantage business practices, May was a challenging month for UnitedHealth Group. Here are four things to know: Andrew Witty resigns UnitedHealth Group announced May 13 that CEO Andrew…
Highmark Health Plans reported $6.1 billion in operating revenue and a $9 million operating loss in the first quarter of 2025, citing elevated utilization and continued industrywide pressures that carried over from last year. Parent company Highmark Health reported $8…