Humana will sell its long-term care insurance business to an HC2 Holdings subsidiary.
Payer
Five of America's largest commercial payers — Aetna, Anthem, Humana, Cigna and UnitedHealth Group — reported strong earnings in the third quarter of fiscal year 2017.
Despite declining revenue, Humana reported higher net income in the third quarter of fiscal year 2017 compared to the year prior.
Managed care health plan AmeriHealth Caritas Iowa will leave the state's Medicaid program at the end of this month, according to a Quad-City Times report.
Humana filed a lawsuit against CMS to recoup more than $600 million in risk corridors payments it claims to be owed under the ACA, according to an Insider Louisville report.
Florida Blue, part of Blue Cross Blue Shield of Florida, will drop coverage of OxyContin, a brand name prescription opioid, Jan. 1, 2018, according to the Miami Herald.
Louisville, Ky.-based Humana will lay off 1,300 employees in early 2018, according to the Courier Journal.
Blue Cross and Blue Shield companies witnessed significant financial improvement in the first half of this year, according to Fitch Ratings.
CVS Health and Aetna aim to finalize their proposed merger as soon as December, sources familiar with the deal told Reuters.
Some insurance companies in California are bringing in billions of state Medicaid dollars, according to Kaiser Health News.
