Health insurers face a myriad of changes under the GOP's proposed plan to repeal and replace the ACA. However, the ways in which the American Health Care Act may affect payers vary across the industry.
Payer
Minneapolis-based Children's Minnesota terminated its contract with Eagan-based Blue Cross and Blue Shield of Minnesota, a decision that could result in more than 70,000 patients losing in-network access to the hospital's services.
Three insurers managing Iowa's $5 billion Medicaid program posted more than $100 million in losses in 2016, the first year private insurers took over the program, according to The Gazette.
Indianapolis-based Anthem Blue Cross began offering Medicare beneficiaries in Missouri a Plan G supplement option, effective March 1.
Hartford, Conn.-based Aetna submitted feedback in response to the proposed changes CMS issued last month to stabilize the health insurance market, according to the Hartford Courant.
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Minnetonka, Minn.-based UnitedHealthcare will purchase Eastwood, N.Y.-based insurance administrator Pomco for an undisclosed amount, according to syracuse.com.
CMS fined Minnetonka, Minn.-based UnitedHealthcare $2.5 million after an audit found systemic compliance problems with its Medicare health plans that led beneficiaries to experience delayed or denied access to prescription drug coverage, according to the Star Tribune.
Thirteen executives and board members from Louisville, Ky.-based Humana have now sold a combined 403,706 shares of company stock, raising the total value of stocks sold over the past few weeks to $83.1 million, according to the Courier-Journal.
Bloomfield, Conn.-based Cigna will defer to Indianapolis-based Anthem in its appeal of the judge's decision to block the payers' proposed $54 billion merger, according to a March 2 court filing.
Mark Bertolini, CEO of Hartford, Conn.-based Aetna, and two other insurance executives will donate $50 million over the next five years to Connecticut's capital, announcing the move in a Hartford Courant op-ed.