Humana made $940 million in profit in the second quarter of fiscal 2019, fueling bigger bonus checks for its 50,000 employees, the Louisville Courier Journal's Grace Schneider reports.
Payer
Vermont officials handed a cease and desist order to four groups and one individual selling unlicensed health insurance, according to the VTDigger.
Blue Cross Blue Shield of Michigan faces a lawsuit filed on behalf of mental health and substance abuse treatment providers that accused the insurer of underpaying claims.
St. Louis-based SSM Health is rolling out a health plan in the St. Louis region this fall, marking the health system's first individual health insurance option in the area.
Cigna reported higher revenue, operating income and profits in the second quarter of fiscal year 2019, driven by its combination with Express Scripts.
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The University of Alabama at Birmingham Health System and UnitedHealthcare reached a tentative agreement on their contract July 31.
The following payer executives changed their positions in July.
UnitedHealth Group's second quarter financials, a new Blue Cross Blue Shield of Minnesota policy and emergency room costs were among the payer topics that piqued the interest of readers in July.
Humana saw its operating income and profits jump in the second quarter of fiscal year 2019, as the payer expects a 16 percent growth in Medicare Advantage enrollment in 2019, according to recent financial statements.
Molina Healthcare reported lower operating income and profit in the second quarter of fiscal year 2019, the health insurer said in an earnings release.