Louisville, Ky.-based Humana received a one-year extension of its healthcare delivery managed care contract with the Defense Health Agency valued at an estimated $3.8 billion.
Payer
Bloomfield, Conn.-based Cigna said it will operate under the terms of its merger agreement with Indianapolis-based Anthem following a court order temporarily blocking Cigna from unilaterally terminating the transaction.
Indianapolis-based Anthem told officials with Connecticut's health insurance exchange Access Health CT it plans to offer polices on the exchange next year, according to a Hartford Courant report.
Aetna and Humana's decision to ditch their proposed $37 billion merger struck a chord with Becker's Hospital Review payer issues readers this week.
The Wisconsin Department of Health Services will allow Anthem BlueCross and BlueShield of Wisconsin to expand its service area to 24 Wisconsin counties where it offers healthcare coverage for beneficiaries enrolled in Medicaid and BadgerCare Plus, a state healthcare program…
Advertisement
The following payers made headlines this past week, beginning with the most recent.
Long Beach, Calif.-based Molina Healthcare reported a net loss of $91 million in the fourth quarter of 2016, compared to the $30 million profit the payer made during the same period last year. The insurer cited poor performance in its…
Bon Secours Medical Group, part of Bon Secours St. Francis Health System in Greenville, S.C., dropped its contract with Minnetonka, Minn.-based UnitedHealthcare. The change was effective Feb. 14, according to a GreenvilleOnline report.
A U.S. District Court judge sided with the Justice Department Feb. 8 and blocked Indianapolis-based Anthem's proposed $54 billion acquisition of Bloomfield, Conn.-based Cigna, stating the combined payer entity would hurt consumers and hamper innovation.
A Delaware Chancery Court judge ruled in favor of Indianapolis-based Anthem and momentarily banned Bloomfield, Conn.-based Cigna from motioning to end the $54 billion merger agreement between the two payers, Bloomberg reports.