health insurance News

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 …

Virginia Governor Northam Vetoes GOP Healthcare Bills

Virginia Gov. Ralph Northam has vetoed a handful of GOP-backed bills related to health care. Northam vetoed a bill that would have allowed all groups like the Virginia Chamber of Commerce to pool their members together in a group to …

JPMorgan, Amazon, Berkshire Venture to Target Health Issues Using Data, Technology

JPMorgan Chase & Co., Amazon.com Inc., and Berkshire Hathaway will focus on the biggest health issues threatening the U.S. economy in their new joint venture, including aligning healthcare payments with employee health and addressing chronic diseases, CEO Jamie Dimon said …

Cigna’s Proposed Acquisition of Express Scripts Faces Antitrust Review

Cigna Corp.’s proposed deal for Express Scripts Holding Co. faces a drawn-out merger review as the Trump administration’s antitrust enforcers weigh the competitive effects of a wave of consolidation sweeping the health-care industry. The tie-up of the insurer and pharmacy …

Cigna to Buy Pharmacy Benefits Manager Express Scripts for $52 Billion

U.S. health insurer Cigna Corp. struck a $52-billion deal to buy pharmacy benefits manager (PBM) Express Scripts Holding Co on Thursday, looking for new ways to hold onto their profits as the industry faces greater scrutiny for rising healthcare costs. …

Idaho’s ‘Freedom’ Plans Ignore Obamacare, But Have Limits

After Idaho’s Republican governor promised to find creative ways to get around Obamacare, one health plan in the state plans to offer skimpy coverage that may violate many of the law’s protections for patients. Blue Cross of Idaho said Wednesday …

India Flags Low Health Insurance Penetration as Damper to Growth

India’s push toward universal health care has Prime Minister Narendra Modi’s political opponents worried, a top government adviser said. Modi’s government announced a plan last week to provide health insurance to 100 million poor families, which would cover about 40 …

Vermont Hospital to Bring Captive Insurance Firm to State

The University of Vermont Health Network is going to bring a wholly owned insurance company home to Vermont. The UVM Network’s captive insurance company, which provides malpractice insurance for its medical providers, is currently located in Bermuda. The network’s board …

UnitedHealth to Acquire Banmedica in Chile for $2.8B

UnitedHealth Group Inc said on Friday [Dec. 22] it signed a definitive agreement to buy Chilean healthcare company Banmedica SA for $2.8 billion, expanding the health insurer’s footprint in South America. Banmedica operates health insurance, clinics and other services. UnitedHealth …