Geisinger Health System and Highmark Health, the Blue Cross and Blue Shield affiliate and hospital system, signed a letter of intent Wednesday to form a joint venture.
A group of Republican senators introduced a bill Friday to bar the government from paying any award or settlement to the growing number of health insurers suing for funds owed to them under one of the Affordable Care Act's risk programs.
Highmark Health, the Blue Cross and Blue Shield affiliate and hospital system based in Pittsburgh, is still losing money on its Affordable Care Act business. And the company will continue to pursue litigation of the law's risk-corridor funding despite the government's willingness to settle.
Membership in UPMC's health insurance division grew 8% in the past year, according to financial documents released Friday, giving UPMC a bigger foothold as it tries to operate peacefully with its rival Highmark Health.
Leading consulting firms and a growing list of niche advisers are competing aggressively to help major insurers use big data to identify high-risk patients and manage their costs.
A provision within the new Medicare physician payment law eliminates the most popular types of Medigap plans and therefore will lead to future Medigap enrollees paying more out of pocket for their medical care.
The Affordable Care Act's exchanges have not been a bust for every health insurer. Florida's Blue Cross and Blue Shield affiliate made a profit of almost a half-billion dollars on the ACA's new individual plans last year.
Over the past two decades, especially in the years since the ACA passed, there has been a gradual movement toward paying board members at national or regional hospital systems, integrated provider-payer organizations and insurers. And some of the payouts are quite substantial.
Health insurer Highmark is suing the federal government to recover money owed under the risk-corridor program for plans sold on the Affordable Care Act's insurance exchanges. Republicans in Congress, calling the program a bailout for insurers, stymied HHS' ability to cover the obligations.
Highmark Health lost $590 million on its health plans sold on the Affordable Care Act exchanges in 2015, joining the ranks of other large multistate companies that covered marketplace patients who desperately needed and used care.
Dr. Patrick Battey has been named CEO of Piedmont Atlanta Hospital after serving as co-CEO with Les Donahue the previous year. He is the first physician to serve as CEO since the hospital opened in 1905.
David Holmberg, president and CEO of Pittsburgh-based not-for-profit Highmark Health, recently spoke with Modern Healthcare about the feud with rival UPMC, the future of the Affordable Care Act exchange business and the value of high-deductible health plans.