UnitedHealth Group News

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 …

Anthem to Exit Obamacare Plans in Virginia as Legislative Uncertainties Continue

U.S. health insurer Anthem Inc. said on Friday [Aug. 11] it will exit Obamacare markets in Virginia and reduce its plan offerings in Washington and Scott counties and the city of Bristol next year. The move comes nearly two weeks …

UnitedHealth Prices 2018 Insurance Plans to Include Obamacare Tax

UnitedHealth Group Inc. reported stronger-than-expected quarterly results on Tuesday and said it was coping with uncertainty in U.S. healthcare laws by pricing its 2018 insurance plans to include a costly Obamacare tax. President Donald Trump and other Republicans have vowed …

Tennessee Says At Least 15% of State Affected by UnitedHealth Withdrawal

The Tennessee Department of Commerce & Insurance (TDCI) is notifying consumers that UnitedHealthcare Insurance Company will no longer offer coverage to Tennessee consumers through the Federally Facilitated Marketplace (FFM). UnitedHealth Group Inc. announced this week it will drop out of …

UnitedHealth to Drop Individual Obamacare Plans in Multiple States

UnitedHealth Group Inc. will drop out of government-organized health insurance markets in at least 16 states as the U.S. industry leader tries to stem losses from participating in Obamacare, the healthcare overhaul that has brought coverage to millions of people. …

Health Insurers in Kansas Support Network-Only Plan Proposal

Insurance providers have asked Kansas lawmakers to approve a measure that would allow them to offer health plans requiring customers to only use the insurers’ network. The plans are called Exclusive Provider Organization, or EPOs. The Topeka Capital-Journal reports the …

Health Insurers in Arkansas Owed More than $7.1M in Rebates for 2014

Arkansas consumers and businesses are owed more than $7.1 million from health insurers because those companies collected too much in premiums last year than what they spent on medical care, according to federal officials. The rebates were triggered by the …

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 …

Fosun to Buy 51% Stake in Espirito Santo

Rioforte Investments SA will sell a 51 percent stake in Espirito Santo Saude SGPS SA to Fosun Group’s Fidelidade unit after that bidder raised its offer price for the Portuguese hospital operator. Rioforte said it agreed to sell the 51 …

California Commissioner Sued by UnitedHealth Over Fine

UnitedHealth Group has sued California Insurance Commissioner Dave Jones to block a $173.6 million fine the insurer incurred for violations during a botched acquisition. The lawsuit was filed last week in Orange County Superior Court, the Los Angeles Times reported. …