Payer

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.

Harrisburg, Pa.-based Capital BlueCross named Susan Hubley vice president of corporate social responsibility.

Speaking at a Wall Street Journal conference, Aetna CEO Mark Bertolini said the ACA exchanges are "in a death spiral."

CMS issued proposed regulations Wednesday to stabilize the individual and small group health insurance markets.

Indianapolis-based Anthem filed a lawsuit Wednesday against Bloomfield, Conn.-based Cigna in an attempt to block Cigna from terminating their proposed $54 billion merger agreement.

Brazil's richest healthcare billionaire and UnitedHealth Group's largest individual shareholder worth $3.1 billion died Tuesday at the age of 73, according to a Reuters report.