Premiums for the most popular plans sold on HealthCare.gov will grow an average 34 percent for 2018 compared to last year, according to an Avalere analysis of federal exchange filings.
Payer
Anthem will acquire America's 1st Choice, a private Medicare Advantage firm serving members in Florida and South Carolina.
Charlottesville-based University of Virginia Health System unveiled a Medicare Advantage plan with Aetna Oct. 25.
Indianapolis-based Anthem reported higher net income in the third quarter of fiscal year 2017 as revenues grew.
At least 1.1 million fewer Americans will enroll in health plans on the ACA exchanges next year due to a 90 percent cut in advertising funds, according to a blog post by Joshua Peck, former chief marketing officer of HealthCare.gov.
Advertisement
Waltham, Mass.-based Devoted Health, a Medicare Advantage startup created by former athenahealth leaders, raised $62 million from investors, according to a Securities and Exchange Commission filing.
CMS has denied a section 1332 waiver application submitted by the state of Massachusetts, according to The Boston Globe.
Hartford, Conn.-based Aetna will spin off its U.S. group life and disability arm to The Hartford (Conn.), a property and casualty insurance firm, for $1.45 billion.
St. Louis-based Centene saw profits surpass analyst predictions as revenue increased in the third quarter of fiscal year 2017, Reuters reports.
Stigler, Okla.-based Haskell County Community Hospital said it will have to stop accepting Blue Cross and Blue Shield of Oklahoma policies as in-network if the insurer goes through with proposed rate cuts, The Oklahoman reports.