A subsidiary of Blue Cross and Blue Shield requested the U.S. Supreme Court consider an opinion favoring medical equipment and staffing firm Encompass Office Solutions, which sued the insurer over benefit payments and defamation, according to Bloomberg Law.
Payer
The CEO of Highmark Health said he thinks a new 10-year agreement with UPMC will draw members to Highmark's insurance products, but affiliate hospitals are seeing mixed results after the landmark deal.
Humana completed its public offering of $1 billion in senior notes Aug. 15.
Health insurers selling policies on the ACA exchanges will be required to show star ratings for the first time during the 2020 enrollment period, CMS said Aug. 15.
Oscar Health signed a reinsurance deal with a Berkshire Hathaway subsidiary, the health insurance startup shared in a second-quarter earnings statement cited by Forbes contributor Bruce Japsen.
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The American Medical Association left an organization the health industry founded to combat single payer proposals, the organization confirmed with Becker's Hospital Review.
Medical cost ratio, which measures how much of an insurer's revenue goes toward medical claims, is a number investors frequently scrutinize when analyzing an insurer's financial performance.
The following payer executives changed their positions in the first half of August.
Kaiser Permanente ranked the highest among the largest U.S. health insurers for website satisfaction, according to a survey conducted by software company Verint.
UCare, a health insurer based in Minneapolis, will implement a $25 monthly spending cap on insulin next year, according to the StarTribune. It is the second insurer in the state to add a price cap for its members.