Tag: health insurance coverage

Cigna insurance company ends its Humana acquisition intentions

Logan B.
Insurance Company - Acquisition Cancelled

The insurer is now developing a $10 billion share buyback plan after a failure to agree on a price. Health insurance company Cigna has ceased its pursuit of a negotiation for acquisition of its rival insurer Humana. The company left its efforts when the two insurers were unable to agree on price. Cigna announced that it is working on plans for buying back $10 billion worth of shares. The health insurance company resulting from an acquisition of Humana by Cigna would have resulted in an insurer with an estimated value…

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Many lapsed Medicaid recipients will enroll in ACA health insurance plans

Logan B.
Health insurance - Affordable Care Act Form

Experts and insurers have predicted that after losing old coverage, there will be an influx of policy shopping. Health insurance companies and advisors alike are preparing for a notable surge of consumers looking for assistance in navigating Affordable Care Act enrollment after having lost Medicaid coverage in 2023. As of April, this year, the extensions for coverage that were put into place during the pandemic ended. Beginning April 1, 2023, the Medicaid and Children’s Health Insurance Program (CHIP) coverage extensions that were put into place throughout the worst of the…

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Health insurance could soon cover weight loss drug Wegovy

G. Turner
Health Insurance - Pills wrapped in measuring tape

Novo Nordisk announced that the highly popular drug could have expanded FDA approval in six months. Novo Nordisk recently announced that its headline-making weight loss drug Wegovy could receive expanded US Food and Drug Administration (FDA) approval within six months, opening the door to much more readily available coverage by health insurance plans. The drug is already highly sought-after, but is not necessarily covered by most policies. Novo Nordisk’s chief financial officer Karsten Munk Knudsen said that the company’s application for approval of Wegovy as a cardiovascular disease reduction medication…

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Mercy Health and Anthem strike health insurance deal

Logan B.
Health insurance - Deal - Handshake

The companies have come to an agreement that will keep the care provider in the insurer’s network. Mercy Health has announced that it will remain in Anthem’s health insurance network now that the companies have arrived at a deal. This means that the insurer’s members will be able to seek care through that healthcare system. The Catholic healthcare system in Ohio and Kentucky will be available to Anthem health insurance members on the Medicaid, Medicare Advantage and employer-based coverage plans. According to the new agreement, this will extend through to…

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Blue Cross claims Ford’s health insurance lawsuit was filed too late

Logan B.
Health insurance - Ford logo - lawsuit

According to the insurer, the automaker took too long to file the suit accusing them of conspiracy. Blue Cross Blue Shield Association and that health insurance company’s Michigan affiliate are seeking to have a US judge dismiss a lawsuit filed against them by Ford Motor Co. Ford accused the insurer of an artificial inflation conspiracy for how much the automaker paid in premiums. The automaker stated that the insurer was recording higher health insurance premiums and other commercial medical coverage services expenses that were being paid. The lawsuit included two…

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