Average premiums in the Affordable Care Act's individual marketplace were 10 to 21 percent lower in the first year of the law's implementation, even while providing better coverage, according to a recent analysis conducted by Health Affairs.
Payer
Anthem saw financial gains in the second quarter of 2016 due to an increase in Medicaid membership, but higher costs from the insurer's Affordable Care Act plans dragged down its bottom line.
St. Louis-based Centene does not have the network for Medicare Advantage assets large managed care companies are looking to sell, CEO Michael Neidorff told Reuters.
Cigna is vying for space in Affordable Care Act marketplaces in Illinois, North Carolina and Virginia, The Hill reported.
Tucson-based University of Arizona Health Plans may cut 58 jobs next year following the end of a health plan contract it held since 2005 in the state's most populous county, the Arizona Daily Star reported.
Indianapolis-based Anthem called out the U.S. Department of Justice in a full-page ad published in The Washington Post Tuesday, defending its proposed $54 billion acquisition of Bloomfield, Conn.-based Cigna.
Memorial Hermann Health Plan will acquire coverage for 14,000 lives in the greater Houston area from Molina Healthcare of Texas.
Presumptive Democratic presidential nominee Hillary Clinton welcomed the U.S. Department of Justice's lawsuits challenging Anthem-Cigna and Aetna-Humana mega-deals, citing a greater need to make health insurance accessible for all.
UnitedHealthcare has inked a settlement with the Missouri Department of Insurance, resolving allegations that the Minnetonka, Minn.-based insurer unlawfully required members to get physician referrals before receiving treatment from other in-network providers.
Minnetonka, Minn.-based UnitedHealthcare will acquire Grand Junction, Colo.-based Rocky Mountain Health Plans, The Denver Post reported.