Five executives and directors at UnitedHealth Group purchased the company’s stock on May 16 following a major downturn over the last month. Board chair and new CEO Stephen Hemsley made the largest purchase of more than $25 million — 86,700…
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Horizon Blue Cross Blue Shield will pay New Jersey $1.25 billion over 18 years from its conversion to a nonprofit mutual holding company— but where these funds should go has sparked debate, NJ Spotlight News reported May 19. In 2022,…
A group of lawmakers is urging a federal court to allow a lawsuit alleging UnitedHealth Group overcharged the federal government for Medicare Advantage claims to continue. Led by Washington Rep. Pramila Jayapal, 29 U.S. representatives signed on to an amicus…
At Blue Cross Blue Shield of Minnesota, “parity” is in the title of its top leader on behavioral health. Brett Hart, PhD, has served as Blue Cross Blue Shield’s president of behavioral health and mental health parity since 2023. Dr.…
Blue Cross and Blue Shield of Massachusetts has reported a combined after-tax first quarter net income of $37 million on revenue of $2.6 billion (1.4% net margin). The results reflect an operating and other loss of $9.8 million (-0.4% operating…
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UnitedHealth Group has agreed to a $1.85 million settlement to resolve a class action lawsuit alleging the company violated the Telephone Consumer Protection Act by making unsolicited, pre-recorded or artificial voice calls to individuals without their consent. The original lawsuit…
UnitedHealth Group is the largest insurer in the United States by membership and the largest employer of physicians in the country. Here’s 50 things to know about the healthcare giant: Editor’s note: This story was originally published in June 2023…
Centene shareholders have voted down a proposal asking the company to commit to a specific target for reducing greenhouse gas emissions. The proposal was voted down by 325 million shares to 97 million shares, according to regulatory documents Centene filed…
UnitedHealth Group is under criminal investigation by the Justice Department for alleged Medicare Advantage fraud, The Wall Street Journal reported May 14. Citing individuals familiar with the matter, the outlet said the DOJ has been investigating the company since at…
College students are reporting fewer mental health challenges than they were two years ago, but rates of serious mental health conditions “remain stagnant,” according to a report from UnitedHealthcare. The company published its third annual College Student and Graduate Behavioral…