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UnitedHealth CEO to testify before House subcommittee May 1
UnitedHealth Group CEO Andrew Witty will testify May 1 before a U.S. House subcommittee about the cyberattack on the company's Change Healthcare subsidiary. -
Medicare Advantage in the headlines: 5 recent updates
CMS has published its final rates and rules for Medicare Advantage in 2025. Payers say the new rate payments are putting more pressure on already strained margins. -
Feds to investigate integrated Part D plans, PBMs
HHS' Office of Inspector General will investigate the impact of vertically integrated Medicare Part D plans and pharmacy benefit managers on drug prices. -
Humana sets quarterly dividend
Humana's board of directors authorized a $0.885 per-share cash dividend to be paid on July 26. -
Feds launch portal for reporting anticompetitive healthcare deals
The Biden administration has launched an online portal for reporting "potentially unfair and anticompetitive" healthcare practices to the Justice Department's Antitrust Division and the FTC. -
Elevance Health's new $4B primary care venture: 5 things to know
Elevance Health hopes to bring more providers into downside risk-sharing arrangements with a new primary care venture. -
Trial date set for Florida Medicaid unwinding challenge
A federal judge in Florida has set a May 13 trial date for a lawsuit filed by two families accusing the state of terminating their Medicaid coverage without proper notice or a chance to contest the decision. -
Elevance Health posts $2.2B profit in Q1
Elevance Health posted $2.2 billion in net income during the first quarter, a nearly 13% increase compared to the same period last year, according to the company's earnings report published April 18. -
Former BCBS North Carolina execs raise millions for startup aimed at coordinating care outside US
Two former executives with Blue Cross and Blue Shield of North Carolina have completed a $2.1 million seed round for their startup aimed at finding healthcare services outside the U.S. for patients, TriangleInno reported April 16. -
Mississippi weighs state-based ACA exchange
Legislation has been introduced in Mississippi that would transition the state to a state-run ACA exchange. -
3 Pennsylvania health systems sue Aetna for breach of contract
A group of three Pennsylvania health systems has sued Aetna, alleging the insurer subtracted the cost of supplemental benefits from money intended for patient care. -
Some Blues not reconnecting to Change Healthcare, BCBS Association says
Some Blue Cross Blue Shield plans are reconnecting to Change Healthcare's platforms and other plans are not, the BCBS Association told lawmakers April 16. -
UnitedHealth vows to bring back Change Healthcare stronger than before hack
UnitedHealth Group plans to bring Change Healthcare back stronger than it was before it suffered the largest cyberattack in the history of the U.S. healthcare system. -
Medicare Advantage costs begin to stabilize, UnitedHealth says
Rising medical cost trends aren't going down, but they are stabilizing, UnitedHealth Group executives say. -
UnitedHealth posts $1.4B loss in Q1 following Change cyberattack
UnitedHealth Group posted a $1.4 billion net loss in the first quarter of 2024 following the sale of its Brazil operations and the unprecedented cyberattack on its Change Healthcare subsidiary in late February. Despite the losses, the company beat investor expectations and shares rose more than 6% to above $474, the Wall Street Journal reported. -
Cigna's Evernorth to build new innovation hub in Ireland
Cigna's Evernorth Health Services is building a new innovation hub in Galway, Ireland. -
Vermont providers, BCBS Vermont at odds over prior authorization bill
Vermont providers are pushing for the passage of a state bill that aims to reform the prior authorization process, while Blue Cross and Blue Shield of Vermont has raised concerns that the proposal could cause rates to rise. -
AHIP criticizes hospital lobby's response to Change hack
AHIP's chief executive criticized the hospital lobby's response to the Change Healthcare cyberattack as "opportunistic" and "maintaining the status quo." -
1 in 4 of those disenrolled from Medicaid are uninsured: 5 things to know
Around 1 in 4 Medicaid beneficiaries disenrolled during the redeterminations process are now uninsured, according to a survey from KFF. -
Feds investigating if Sentara's payer arm unfairly increased premiums
The Justice Department is investigating whether Norfolk, Va.-based Sentara Health's insurance arm unfairly increased premiums in 2018 and 2019 as it received more than $655 million in federal subsidies, The Virginian-Pilot reported April 9.
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