A U.S. Court of Federal Claims ruled the government must pay $214 million to Portland, Ore.-based health insurer Moda Health under the ACA's risk corridors program.
Payer
The Colorado Senate Finance Committee took the first step of shutting down the state's health insurance exchange by passing a bill that would eliminate Connect of Health Colorado, according to The Denver Post.
Minnetonka, Minn.-based UnitedHealth Group anticipates it will cover roughly 1 million fewer consumers through individual insurance plans this year due to its widespread ACA exchange withdrawal — resulting in a $4 billion loss in premium revenues, according to a filing with the…
The following payers made headlines this past week, beginning with the most recent.
Louisville, Ky.-based Humana will lay off about 500 workers by April 3, as it scales back its home health division's workforce, according to The Enquirer.
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A U.S. District Court judge sided with the Justice Department and blocked Indianapolis-based Anthem's proposed $54 billion acquisition of Bloomfield, Conn.-based Cigna on grounds the combined insurer would harm consumers and impede innovation.
St. Louis-based Centene Corp. saw fourth quarter total revenues jump 89 percent in 2016 to $11.9 billion, compared to the same period last year. Centene said the jump primarily reflects the insurer's $6.3 billion acquisition of Woodland Hills, Calif.-based Health Net.
Chattanooga-based BlueCross BlueShield of Tennessee is growing its Medicare Advantage membership quicker than other insurers in the state, according to a Times Free Press report.
Health plans face a myriad of challenges this year, like waning market stability in ACA health exchanges, looming repeal and replacement of the health law and a surge toward care efficiency.
Texas has the highest rate of uninsured individuals in the nation, followed by Mississippi and Oklahoma, according to a Gallup-Healthways poll.