Tag: Coventry Health Care

Delaware releases information on health insurance exchange

S.Vagus
Health Insurance exchange

State releases information concerning health insurance coverage through exchange system Health insurance exchanges throughout the U.S. are scheduled to begin open enrollment on October 1 of this year. As this date quickly approaches, states are beginning to release more information concerning the health insurance policies that will be available through these exchanges. Delaware has become the latest state to make this information available to the public. The Delaware Department of Insurance has released information concerning the state-based exchange that may help people make more informed choices concerning their health insurance…

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UnitedHealth Group acquire large Brazilian insurance company

Nordstrom
insurance industry report

UnitedHealth Group acquires Amil Participacoes SA Health insurance giant UnitedHealth Group has announced its acquisition of one of the largest health care companies in Brazil, Amil Participacoes SA. The move is part of UnitedHealth Group’s endeavor to boost its presence in Latin America, a region brimming with demand for health insurance coverage. UnitedHealth Group acquired the Brazilian company for approximately $4.9 billion. The company operates 22 hospitals and 50 clinics located throughout Brazil and boasted of an annual revenue of more than $5 billion. Move comes as company attempts to…

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Health insurance companies may combine as Aetna makes offer for Coventry

Insurance Industry News Deal

The American consolidation would be worth $5.6 billion if accepted. Health insurance company, Aetna Inc., has made a $5.6 billion offer to acquire its competitor, Coventry Health Care Inc., in order to boost its share of the most rapidly growing American government-backed Medicaid and Medicare programs. Aetna would gain over 5 million customers if this purchase is completed. This most recent announcement is made right on the heels of another major acquisition, when WellPoint Inc. purchased Amerigroup Corp. in a massive broadening of its Medicaid business. This type of consolidation…

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Aetna announces plans to purchase Coventry Health Care

S.Vagus
Health Insurance company merger Aetna

Aetna plans acquisition of Coventry Aetna, one of the largest health insurance companies in the U.S., has announced its plans to purchase Coventry Health Care. The acquisition is currently estimated to cost $5.7 billion and would increase Aetna’s presence in the health insurance market. The move is expected to improve the company’s standing in the changing landscape of government-funded health insurance. The acquisition is expected to take place months before millions of uninsured Americans become eligible for the Medicaid program, which could mean significant financial gains for Aetna. Acquisition may…

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Health insurance price increases may slow next year, shrinking profits for smaller insurers

H. Cutner

An analyst at Wedbush has released estimates that have shown that in 2012, there may be a slowing in the rising cost of health insurance, but that this may cause smaller insurers that concentrate on commercial coverage to achieve smaller profit margins. The Wedbush analyst, Sarah James, released a research note that showed that employer and insurer surveys have been indicating that price increases will be slower next year than they were in 2011, as a result of some of the health care reform elements having been implemented. Though this…

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