Anthem has big goals to increase its health insurance membership, expand profitable dental and vision plans, and develop new businesses, making it one of the top stocks for 2020, Barron's said.
Payer
Health Care Service Corp., the parent company of Blue Cross Blue Shield plans in five states, will lay off dozens of employees on the heels of several C-level exits, according to Crain's Chicago Business.
The California Department of Managed Health Care announced Dec. 18 that it has fined 12 health plans a total of $1.9 million for lack of oversight of a contracted medical group, which led to improper denials and delayed care.
CMS issued a final rule Dec. 20 that aims to strengthen the integrity of state-based insurance exchanges under the ACA and includes separate billing for abortion services.
A Tennessee lawmaker is requesting the state comptroller to check if BlueCross BlueShield of Tennessee, the administrator of the state's employee health plan, is properly paying medical claims, according to the Chattanooga Times Free Press.
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New York Life agreed to buy Cigna's group life and disability insurance arm for $6.3 billion, the companies said Dec. 18.
Bright Health, the health insurance startup run by the former CEO of UnitedHealth Group, has raised more than $1 billion after another big funding round, according to The Wall Street Journal.
The Navajo Nation is looking to launch its own managed care organization in New Mexico through an agreement with Molina Healthcare.
Nonprofit health insurers claimed Texas health officials violated state law by awarding multibillion-dollar Medicaid contracts to only for-profit payers, according to a lawsuit cited by The Texas Tribune.
The following payer executives changed their positions so far this month.