Blue Cross Blue Shield of North Carolina and its board of trustees may face difficulty restoring the company's reputation in the wake of the arrest and resignation of its CEO Patrick Conway, MD, analysts told the Winston-Salem Journal.
Payer
Investment banking firm BMO Capital Markets downgraded health insurers UnitedHealth Group and Humana due to uncertainty surrounding the 2020 presidential election, according to The Street.
The following payer executives changed their positions in September.
Several health insurers recently announced plans to expand their Medicare Advantage businesses ahead of the 2020 open enrollment period, which begins Oct. 15.
WellCare Health Plans will sell its Medicaid business in Missouri and Nebraska to Anthem.
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Cambia Health Solutions and Blue Cross and Blue Shield of North Carolina have called off their affiliation agreement for now after the recent arrest and resignation of BCBSNC's CEO.
UnitedHealth Group is down 12 percent in the third quarter so far, according to The Wall Street Journal.
A Maine woman said she has been mailed more than 500 letters in five days from UnitedHealthcare, the insurance arm of UnitedHealth Group, according to News Center Maine.
Fredericksburg, Va.-based Mary Washington Healthcare partnered with Lumeris to develop and operate a new Medicare Advantage plan.
The cost of health insurance offered to workers through their employers is increasingly unaffordable, according to an annual report from the Kaiser Family Foundation.