Anthem and Cigna Corp. remain contentiously at odds over their pending deal, with attorneys on both sides alleging the other last month of breaching the terms of their merger agreement.
Eric Schneiderman's office is investigating Mylan over “potentially anticompetitive terms” in its sales contracts with school systems in the state. Such terms were discovered in a preliminary review by the attorney general's office, according to a news release.
The American Medical Association and several consumer groups called on a New York regulator to reject Anthem and Cigna's proposed $53 billion merger over concerns it will stifle insurance competition and lead to more costly, lower quality healthcare across the state.
Cigna has spent the past eight months attempting to resolve the major problems found in its Medicare Advantage plans, but the health insurer does not expect those issues will be rectified by the time Medicare beneficiaries participate in annual enrollment this autumn.
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.
Enduring influence is the central theme for many of the names atop this year's list, Modern Healthcare's 15th annual ranking. Coming in at No. 2 and No. 3 this year are CEOs of two of the nation's largest healthcare systems. The nation's payers are also well represented at the top.
Industry and regulatory fixes to the ACA marketplaces appear inevitable as impatience and insurer losses escalate.
Aetna and Anthem's multibillion-dollar health insurance mergers may be decided by the end of the year, after all. The federal judge overseeing the U.S. Justice Department's challenges to the deals has sent one case to another judge.
The Department of Justice is pushing for February trial dates for its looming challenges to Aetna and Anthem's massive health insurance merger deals, and the companies' self-imposed deadlines shouldn't speed up the process.
While several health insurers are cutting back on plans sold on public health insurance exchanges next year, Cigna Corp. hopes to rev up its exchange participation.
Less than a week after finding out the U.S. Justice Department would seek to block its acquisition of Cigna Corp., Anthem said Wednesday that its second-quarter profit fell more than 9% year over year and it lowered its earnings projections for the rest of the year.
A superficial reading of the latest headlines about the health insurance industry suggests it is facing serious problems, but the steady drumbeat of bad news for insurers is showing up everywhere except in the finances of the major carriers.