UnitedHealth Group recorded higher revenue and $3.2 billion in profit during the third quarter of 2020 as the company saw care volumes move closer to pre-pandemic levels.
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Several health insurers have seen their profits climb amid the COVID-19 pandemic as the use of healthcare services fell.
Highmark has avoided more than $1 billion in costs through its value-based reimbursement program for primary care physicians, the integrated health insurer and provider said Oct. 5.
Premera Blue Cross is cutting about 285 positions, or roughly 8 percent of its workforce, due to the economic effects of COVID-19, according to My Edmonds News.
CMS released its report card for Medicare Advantage and Part D prescription drug plans Oct. 8.
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Blue Cross and Blue Shield of Texas is providing about $104 million in premium credits to members with fully insured employer coverage, the insurer said Oct. 7.
CVS Health-owned Aetna is eliminating an undisclosed number of jobs at its Hartford, Conn.-based headquarters, according to the Journal Inquirer.
Cigna will not cover MRIs and CT scans performed in a hospital setting if they don't meet new medical necessity requirements, according to a policy that took effect Aug. 1.
UnitedHealth Group further outlined its stances on creating the "next-generation health system," which includes attaining universal health insurance coverage, healthcare affordability and improving outcomes.
In September, Columbia, Md.-based MedStar Health and CareFirst BlueCross BlueShield unveiled a new value-based partnership that the organizations said will save patients $400 million on healthcare costs in the next seven years.