Ritter Insurance Marketing, Craig Ritter

Gov. Wolf to Drop Exchange Proposal

Earlier this month, Gov. Tom Wolf proposed setting up a state-based health insurance exchange, hoping to be prepared if the Supreme Court were to strike down subsidies to residents in states without their own exchanges.

In light of today’s news — a 6-3 vote upholding subsidies for qualified residents in all 50 states — Wolf’s proposal will be tossed.

25 Jun 15
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Supreme Court Upholds Subsidies for ACA

President Barack Obama’s health care law secured a big win today when the Supreme Court upheld that the Affordable Care Act allows for subsidies to residents of all 50 states, not just those who buy insurance through a state exchange. Sixteen states have their own exchanges, while 34 rely on the Federally Facilitated Marketplace…

25 Jun 15
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Puerto Rico Facing Crisis, Medicare Reimbursement Cuts to Blame

Puerto Rico, America’s island territory that’s $73 million in debt, is facing a health-care crisis.

22 Jun 15
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Consolidation Talks in the Health Insurance Industry Intensify

Anthem put out a press release this past Saturday indicating they had unsuccessfully bid $53.8 Billion for Cigna.  Anthem indicated the Cigna board balked at the governance question, specifically, Cigna’s CEO, David Cordani.  Cigna fired back with a press release of their own which was critical of Anthem moving their discussions…

22 Jun 15
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Insurers Seek Approval for Huge ACA Rate Increases

State and federal authorities are weighing requests from several health insurers who want to boost their rates by as much as 51 percent in 2016.

22 Jun 15
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Justice Department Charges 243 with Medicare Fraud

On June 18, the U.S. Justice Department charged 243 people with $712 million in false billings to Medicare. It was the single-biggest crackdown in an 8-year campaign against health-care fraud.

22 Jun 15
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Cigna Stock Surges on Anthem Takeover Rumors; UnitedHealth talks to Aetna; Consolidation Coming

The Wall Street Journal reported that sources say that Anthem is in talks to acquire Cigna.  The article indicated that Anthem has made 2 offers to purchase Cigna in the past 10 days, the latest of which was in the $175/share range.  Cigna reportedly rebuffed the offer.  Cigna has also been rumored to be interested…

16 Jun 15
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CVS Health to Acquire & Rebrand Target Pharmacies

On June 15th, it was announced that CVS Health Corporation has agreed to buy Target Corporation’s pharmacy business for $1.9 billion.  After taxes and fees, the deal is worth $1.2 billion to Target. CVS Health will be acquiring, rebranding, and operating over 1,660 Target pharmacies across 47 states, and a CVS/pharmacy will be…

16 Jun 15
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State Rules in Highmark v. UPMC Dispute

A state judge ruled May 29 that UPMC must accept Highmark’s Medicare Advantage members on an in-network basis through the duration of the five-year consent decree signed last summer.

10 Jun 15
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Finding Doctors That Take Your Insurance; Now Easier?

The Affordable Care Act has brought with it many ripples in the way the health-care market operates. Among the troubles consumers have faced with America’s health care changes, one stands out supreme: Which doctors will take this plan?

10 Jun 15
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