Cigna posted lower net income in the fourth quarter of fiscal year 2017, but grew full-year profits by 19.8 percent year over year.
Payer
A one-time $1.1 billion tax benefit under the new U.S. tax law sent Anthem's profits past the billion-dollar mark for the fourth quarter of 2017.
A Kentucky resident received a $12,596 bill from Frankfort (K.Y.) Regional Medical Center after her insurer, Anthem, deemed her trip to the hospital's emergency department nonemergent, according to Vox.
Becker's Hospital Review reported these nine contract resolutions and dissolutions between payers and providers since Jan. 1, beginning with the most recent.
Aetna recorded a 75.5 percent increase in fourth quarter profit in 2017 despite revenue declines.
Peoria, Ill.-based OSF HealthCare remains in negotiations with Blue Cross Blue Shield of Illinois and Health Alliance Medical Plans days before OSF's acquisition of two hospitals owned by Chicago-based Presence Health, The News-Gazette.
Gary Loveman, executive vice president of consumer health and services, will leave his post at Aetna, the company confirmed with Becker's Hospital Review.
Oscar Health, a New York City-based health insurance startup, said two-thirds of its interactions with members were virtual last year — up from 46 percent in 2016.
Health insurers in Idaho will be able to provide state-based plans that bypass certain ACA regulations, The Hill reports.
From Blue Cross and Blue Shield of Nebraska naming its CEO to Fishersville, Va.-based Augusta Health launching a petition against Anthem, here are seven payers making headlines this week.
