Ritter Insurance Marketing, Craig Ritter

Anthem-Cigna Merger Trial Currently Underway

It’s been 17 months since Anthem announced it would buy Cigna for $48.4 billion. With the recent start of the Anthem-Cigna merger trial, we’ll all soon know if they can legally seal the deal. Throughout the two-part hearing, the U.S. Department of Justice, Anthem, and Cigna will argue over the merger’s effect on the…

6 Dec 16
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Aetna-Humana v. Department of Justice Begins

Monday marked the start of the Department of Justice’s anti-trust lawsuit against the Aetna-Humana merger. Last July, Aetna announced their intention to buy rival Humana. A few weeks later, Anthem and Cigna announced their merger. This July, the Department of Justice filed suit against both proposals, dubbing the sales an “unprecedented consolidation in the health insurance…

6 Dec 16
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New Limits Placed on Short-Term Health Plans

Short-term health plans are now limited to a period of time no longer than 3 months. The final rule was recently issued by the Department of Health and Humans Services (HHS), the Department of Labor (DOL) and the Internal Revenue Service (IRS). With the inception of the Affordable Care Act, short-term health plans, whose cost…

29 Nov 16
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WellCare to Buy Universal American for $800 Million

Today, WellCare Health Plans announced their intentions to buy Universal American for $800 million, including the assumption of $200 million in Universal debt. The Tampa-based company will gain thousands of members through the acquisition of its smaller rival. The deal will add 65,000 members in Houston, Texas, and 14,000 members in the northeast, primarily in New York….

17 Nov 16
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Medicare Announces 2017 Parts A & B Premiums and Deductibles

This year’s Social Security cost-of-living adjustment will increase Medicare costs for beneficiaries. Part B About 70% of Medicare beneficiaries will pay $109 for their 2017 Part B monthly premiums, a 3.9% increase compared to the past four years. The remaining 30% not “held harmless” will have a monthly premium of $134 in 2017, up…

11 Nov 16
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Thoughts on the State of the LTC Market

We can all certainly agree that the LTC market has seen its growing pains and has a much different look today versus the past, but I don’t believe the sky is falling. Even with all the market changes, the constant in the equation is people are living longer, care is more likely, the cost is…

10 Nov 16
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Aetna and Banner Health Network Form New Health Plan

Amidst potential mergers and shutdowns, Aetna and Banner Health Network (Banner) have announced that they plan to form a new joint venture health insurance plan in Arizona. Aetna and Banner’s History This isn’t the first time that Aetna and Banner have teamed up. Rather, this new effort expands upon the success of their jointly…

9 Nov 16
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Major Health Insurers Release Q3 Earnings Reports

The major players in the industry recently unveiled their third quarter earnings reports. All were very positive about their Medicare business, and not surprisingly, there were not many positive comments regarding the individual health marketplace (ACA business). There was also talk of the Anthem/Cigna and Aetna/Humana mergers, so the next three months will help clarify…

8 Nov 16
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