Patricia Hemingway Hall, president and CEO of Health Care Service Corp., will retire at the end of the year. She has led HCSC, the Blue Cross and Blue Shield insurer for five states, since 2008.
Lower medical costs and more revenue from employer- and government-based health plans led to higher second-quarter profits for Cigna Corp., the Bloomfield, Conn.-based company reported Thursday.
Assurant Health absorbed a $124 million net loss in the second quarter this year as the financially troubled health insurer continues to wind down its operations. It had to settle a complaint in Montana that it illegally charged sicker enrollees more than healthier ones.
As the Affordable Care Act increased access to subsidized health plans last year, fewer adults went uninsured but disparities persisted in their access to insurance and medical care.
Employers and health insurance companies showed a visible appetite for private health exchanges at a conference Thursday, building on executives' desires nationwide to keep the growth of healthcare costs manageable.
Louisiana Health Cooperative, the state's not-for-profit health plan created by the Affordable Care Act, will close by the end of the year. It is the second co-op casualty, and a sign that many other co-ops are on life support.