Indianapolis-based Anthem continued its 2018 exchange rollback in Missouri where it will pull its individual products from 17 counties, including the city of St. Louis, according to a St. Louis Post-Dispatch report.
Payer
Thirty-nine percent of millennials believe it is important an employer offers life insurance, even though the majority plan to marry, have a family and purchase a home one day, a recent Anthem survey found.
All five major commercial payers saw their stock prices rise last week.
HHS announced Thursday that it will cut the ACA's advertising budget by 90 percent in 2018, reducing allocated funds to $10 million, according to Bloomberg.
The following payers made headlines this week, beginning with the most recent.
Advertisement
Louisville, Ky.-based Humana is cutting 180 jobs in its home health division, Insider Louisville reports.
The following executive moves took place at health insurance companies since Aug. 1.
Managed care company WellCare of North Carolina, a subsidiary of Tampa, Fla.-based WellCare Health Plans, added Asheville, N.C.-based Mission Health System to its provider network Aug. 28.
A California senator proposed legislation to protect patients with marketplace-based health coverage when insurers wind down individual exchange policies, Kaiser Health News reports.
More than 20 million Americans gained coverage under the ACA, but many may be paying more out of pocket as they sign up for high deductible health plans, according to a report from the CDC's National Center for Health Statistics.