The Department of Justice granted preliminary approval for CVS and Aetna to move forward with their $69 billion merger, signaling a potential change in how many American consumers access health care. On September 27, Aetna announced their agreement to sell their Medicare Part D drug plan business to WellCare Health Plans to ease…
Plans for the Future Aetna has agreed to sell the assets from their Medicare Part D business to WellCare Health Plans in hopes of greasing the rails for approval of its merger with CVS. The financial terms of the transaction have not yet been disclosed. However, the deal is contingent upon approval from…
Updates on Upcoming Mergers Cigna has received antitrust approval for their acquisition of Express Scripts. The deal is predicted to fully close by the end of 2018. This is also good news for the CVS-Aetna merger, as that antitrust approval is still in the works. Cigna’s acquisition of Express Scripts was first announced about…
Here’s more information on the counties in which Minnesota Medicare Cost plans will no longer be available and a list of important dates for agents and Minnesota Cost plan members to keep in mind. In June, we wrote Medicare Cost plan beneficiaries in several Minnesota counties would see their current coverage terminated due to
The Department of Justice (DOJ) is reportedly very close to approving the mergers between CVS and Aetna and Cigna and Express Scripts. Those familiar with the deals predict the DOJ’s formal antitrust approvals will come within the next several weeks. Update on the CVS-Aetna Merger Regulators reportedly have some concerns that the almost $70 billion deal between…
The Centers for Medicare and Medicaid Services said Wednesday that, due to incorrect information, it mistakenly sent out termination notices to around 38,700 Medicare beneficiaries with plans from Blue Cross Blue Shield of Minnesota.
On August 10, Rep. Erik Paulsen (R-MN) introduced H.R. 6662, the Empowering Seniors’ Enrollment Decision Act of 2018, into Congress. If passed, the bill will amend Section 1851(e)(2)(F) of title XVIII in the Social Security Act to “extend the special election period under part C of the Medicare program for certain deemed individuals enrolled…
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