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Executive pay at Health Care Service Corp. rises despite ACA troubles

Executive pay at Health Care Service Corp. rises despite ACA troubles

By Bob Herman  |  September 26, 2016

Salaries and bonuses were up across the board in 2015 for top leaders at Health Care Service Corp. even though the Blue Cross and Blue Shield insurer suffered substantial losses in the ACA marketplaces. The highest-paid executive was former CEO Patricia Hemingway Hall, who made nearly $16.6 million.

Broad topics set for first presidential debate

Broad topics set for first presidential debate

By Shannon Muchmore  |  September 24, 2016

None of the topics for the much anticipated first official debate between presidential candidates Hillary Clinton and Donald Trump address health policy specifically, but it's certainly possible issues such as the ACA's insurance exchanges and prescription drug prices will be discussed.

Failed insurer's customers face deadline to find new plan

By Associated Press  |  September 24, 2016

Illinois insurance regulators are reminding customers of Land of Lincoln Health that they must enroll in a newhealth insurance policy with a different company by the end of the month or they'll have a gap in coverage.

Blue Cross and Blue Shield of Nebraska exits ACA exchange

By Bob Herman  |  September 23, 2016

Blue Cross and Blue Shield of Nebraska, the state's dominant health insurance company, said Friday it will not sell individual plans on the insurance marketplace for 2017. However, it is not a full exit, as the insurer will keep a small presence in the off-exchange market.

HCSC shifting IT jobs overseas: report

HCSC shifting IT jobs overseas: report

By J. Duncan Moore, Jr., Crain's Chicago Business  |  September 23, 2016

Chicago-based Health Care Service Corp. is planning to lay off 70% of its IT infrastructure staff and offshore the jobs to a foreign country, according to a trade magazine for technology workers.

Highmark commits to federal ACA lawsuit and exchanges

By Bob Herman  |  September 23, 2016

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.

House Republicans push Burwell to clarify ACA's risk corridors

By Bob Herman  |  September 21, 2016

Five Republican House members on the Energy and Commerce Committee sent a letter Tuesday to HHS Secretary Sylvia Mathews Burwell demanding answers to how the federal government is handling a much-maligned insurance provision within the Affordable Care Act.

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