Tagged with Anthem
Health insurers in Connecticut have submitted health insurance rate request individual and small group plans in 2018. A total of 10 health insurance companies have made 14 filings on individual and small group plans that provide coverage to approximately 270,000 people in the state. The average rate requests range from 3.6% to 33.8%.
Anthem recently announced that it will stop pursuing Cigna. The insurer claims Cigna sabotaged the deal and states it will not pay the agreed-upon breakup fee of $1.8 billion.
Aetna has announced plans completely withdraw from the ACA insurance exchanges for 2018, citing financial losses as the deciding factor, specifically its individual commercial products lost nearly $700 million between 2014 and 2016 and could lose another $200 million this year.
A recent analysis by the University of Wisconsin Applied Population Laboratory showed that 94.3% of the state’s population had health insurance in 2015. Ranking seventh in percentage of residents covered across all states. According to HHS Regional Director Kathleen Falk, within the first month of 2017 open enrollment approximately 66,000 people in Wisconsin signed up for plans.
The only northeastern state not to choose Medicaid expansion under the Affordable Care Act (ACA), Maine will be one of five of the original 23 ACA-created co-ops that will continue into 2017. In response and in hopes of in hopes of extending coverage to 70,000 residents, residents are petitioning to put a proposal to expand the ME Medicaid program before the Legislature.
A new report from Healthcare Financial Management Association (HFMA) suggests that value-based care and price transparency will add value to hospital mergers, including lower prices for consumers.
Anthem Blue Cross and Blue Shield plans have become the first health plans to offer providers incentives for getting integrated care certification (ICC) from the Joint Commission. The ICC will help Anthem in 14 states meet its care coordination measure under its Quality-In-Sights hospital incentive program, its performance-based reimbursement program for hospitals.
Eleven private insurers have joined forces in seeking action from the Congressional Budget Office (CBO) to expand data collection when scoring congressional proposals to include telemedicine data from non-Medicare sources as a means to support value-based care efforts.