Bloomfield, Conn.-based Cigna will ditch plans to expand its federal exchange presence into 10 states from seven, following the likes of UnitedHealthcare and Aetna in limiting ACA marketplace footprints, St. Louis Post-Dispatch reports.
Payer
As many as 8.4 million individuals will shoulder sizeable health plan premium hikes next year, according to HHS data.
UPMC Health Plan opened a retail service and sales associate location at Monroeville (Pa.) Mall to assist policyholders with their insurance questions and basic healthcare needs.
Blue Cross Blue Shield Association partnered with a group of academic medical centers to improve university researchers' access to commercial insurance claims data.
Aetna, Humana, Anthem and Cigna released their financial results for the third quarter of 2016.
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Humana reported a 38 percent increase in profit for the third quarter of fiscal year 2016 to a total of $940 million, up from $681 million in the same period last year.
The following payers made headlines this week. They are listed below, beginning with the most recent.
A California-based consumer group filed a lawsuit against Anthem Blue Cross alleging the payer tried to automatically renew hundreds of thousands of policyholders' plans without informing them out-of-network coverage would cease, reports Los Angeles Times.
Louisville, Ky.-based Humana issued results of its value-based Medicare Advantage reimbursement model, presenting improved healthcare quality and lower costs for the third consecutive year.
Hartford, Conn.-based Aetna will offer two Medicare Advantage Part D plans in three central Florida counties for 2017 coverage, reports Orland Business Journal.