CMS issued its final Notice of Benefit and Payment Parameters for the 2021 benefit year for the ACA marketplace.
Payer
A growing number of commercial insurers are providing their members with discounts as their medical claim costs fall due to restricted elective services amid the COVID-19 pandemic.
Cigna and Phoenix-based Banner Health reached a long-term agreement so Cigna members can access Banner hospitals at in-network rates.
Cigna will pay out-of-network providers market-based rates for treatment provided to its members with COVID-19, the health insurer said May 6.
UnitedHealth Group is providing members more than $1.5 billion in discounts, including premium rebates, the healthcare company said May 7.
Health Care Service Corp., the Chicago-based parent of Blue Cross and Blue Shield plans in five states, has added CEO to Maurice Smith's title.
Humana is waiving all cost-sharing for in-network primary care, behavioral health and telehealth visits for its Medicare Advantage members through the end of 2020.
Between 25 million and 43 million Americans could no longer be insured through their employer if the unemployment rate rises to an expected 20 percent in the coming months, according to a report from left-leaning think tank the Urban Institute.
Commercial health plans are anticipating more enrollment in their ACA marketplace and Medicaid businesses as more Americans lose their jobs and employer health benefits due to COVID-19, according to Forbes contributor Bruce Japsen.
Hospitals are getting assistance like accelerated payments and loans from insurers who are seeing their balance sheets improve as claim payments for elective services drop, according to The Wall Street Journal.
