health insurance News

Icahn Warns Cigna Shareholders to Vote Against ‘Overpriced’ Express Scripts Deal

Activist investor Carl Icahn said shareholders in Cigna Corp. should vote against the $54 billion takeover of pharmacy-benefits firm Express Scripts Holding Co. because the health insurer is “dramatically overpaying.” “Cigna management is offering to pay an all-time high price …

Cigna Confident About Express Scripts Deal, Despite Icahn Opposition

Cigna Corp. said on Thursday it was confident of winning shareholder approval for its $52 billion Express Scripts buyout, a day after reports that investor Carl Icahn had picked up a stake in the insurer and was planning to vote …

Investor Icahn to Oppose Cigna-Express Deal, Fearing Amazon Threat: Sources

Activist investor Carl Icahn has built a sizable stake in Cigna Corp. and plans to oppose the health insurer’s $54 billion takeover of pharmacy-benefits firm Express Scripts Holding Co., according to people familiar with the matter. Chief among Icahn’s concerns …

Canadian Health Insurers Reluctant to Provide Cover for Medical Marijuana

Sun Life Financial, Canada’s No. 2 insurer, recently started covering medical marijuana in its Canadian health insurance plan – more than 17 years after the country first legalized it. The coverage, which requires employers to pay a premium, extends only …

South Africans Overpaying Healthcare with Limited Competition to Blame: Watchdog

South Africans are paying too much for private healthcare, the country’s antitrust watchdog said on Thursday, adding patients are sometimes prescribed treatments they don’t need by an industry with limited competition. Presenting its findings of a four-year investigation into the …

Modi’s Plan to Provide Health Insurance to Half a Billion Indians Hits Serious Hurdles

Prime Minister Narendra Modi’s plan to provide health insurance to half a billion Indians — a mass of people larger than the entire population of South America — before he seeks a fresh mandate next year is already facing serious …

NYC Drivers for Uber, Other Apps to Get Vision Care Coverage

Drivers for car services and ride-hailing apps like Uber and Lyft are usually on their own when it comes to buying health insurance, but starting Sunday in New York they will now be able to get coverage for vision care …

Some Big Employers Moving Away from High Deductible Health Plans

When Carla Jordan and her husband were hit with a cascade of serious medical issues, she knew that at least her family had health insurance through her job. What she didn’t realize was that even with that coverage, a constant …

Vermont to Require That All Have Health Insurance

Vermont is moving forward with its quest to ensure that as many residents as possible have health insurance by enacting a law that will require all to be covered or be penalized. The law, signed with no fanfare by Republican …

Maine Individual Insurers Seek Nine Percent Rate Hike

Two insurers on Maine’s individual health insurance market are requesting lower-than-expected rate increases for 2019. Portland Press Herald reports the insurers are requesting average rate increases of over 9 percent in 2019. Higher federal subsidies could help 85 percent of …