San Francisco-based Blue Cross of California has the largest market share of insurers participating in California's ACA health insurance marketplace, Covered California, according to a California Healthline report.
Payer
Mark Bertolini, CEO of Hartford, Conn.-based Aetna, said acquisitions are "not high on our list" as possible growth strategies for the payer's business lines, Reuters reports.
Fitch Ratings affirmed the "BBB" ratings of Indianapolis-based Anthem's senior notes and the "A+" insurer financial strength ratings to its subsidiaries.
Phoenix-based Banner Health and Hartford, Conn.-based Aetna selected Thomas Grote to helm a jointly-owned health plan the organizations unveiled last October.
The following payers made headlines this week, beginning with the most recent.
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Durham-based Blue Cross and Blue Shield of North Carolina will let go 165 customer service employees who were hired during the 2017 open enrollment period for ACA health plans, CBS North Carolina reports.
The U.S. uninsured rate was 9 percent in 2016, an insignificant difference from the 9.1 percent recorded in 2015, according to the CDC.
Jody Bilney, chief consumer officer of Humana, recently spoke with Forbes about how the health insurance giant is adapting its marketing strategies to appeal to today's healthcare consumers.
This month the Justice Department intervened in two whistle-blower lawsuits filed under the False Claims Act against Minnetonka, Minn.-based UnitedHealth Group.
Four of the largest U.S. health insurers reported mixed results for the first quarter of fiscal year 2017.