health insurers News

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. …

Two Plead Guilty to $25M New Jersey Prescription Drug Scheme

Two men have pleaded guilty to defrauding New Jersey and health insurers out of $25 million by submitting claims for unneeded prescriptions. Matthew Tedesco and Robert Bessey pleaded guilty on Thursday to conspiracy to commit health care fraud. Authorities say …

How Long Will Health Insurers Remain Patient with Obamacare?

The fate of Barack Obama’s signature health- care law may depend on how long Anthem Inc. and Aetna Inc. are willing to wait before starting to make money off it. The two insurers are on the hot seat now that …

Large Michigan Health Insurers Seeking Big Rate Increases in 2015

Most people buying their own health insurance in Michigan could see near double-digit premium increases next year. State insurance regulators said that dominant insurers Blue Care Network and Blue Cross Blue Shield want to raise rates by an average of …

Insurers Worried About Data From Federal Health Exchange

Insurers are getting faulty and incomplete data from the new U.S.-run health exchange, which may mean some Americans won’t be covered even after they sign up for an insurance plan. While it’s not clear how widespread the problem is, the …

Corporate Winners, Losers Under Supreme Court Healthcare Ruling

Hospitals and insurers providing Medicaid plans for the poor emerged as the main corporate winners from the U.S. Supreme Court’s decision to uphold President Barack Obama’s healthcare law, while investors in large insurers were left deflated. The ruling paves the …