Ritter Insurance Marketing, Craig Ritter

Boosting the ACA Single Risk Pool

Maintaining the single risk pool has been one of the biggest challenges of the Affordable Care Act. Health and Human Services (HHS) recently proposed a change that aims to boost the ACA risk pool by limiting individual short-term health coverage. In planning stages, the ACA single risk pool was made up of primarily healthy…

31 Aug 16
Posted By:

Oscar Insurance Reducing 2017 Marketplace Offerings

Oscar Insurance Corporation will be pulling out of the federal marketplace in Dallas, TX, and the entire state of New Jersey for 2017. The company’s exit from the exchange will leave roughly 26,000 New Jersey residents and 7,000 Dallas residents in need of new plans for next year. Oscar’s decision follows closely on the heels…

31 Aug 16
Posted By:

Scott & White Health Plan Pulling Marketplace Plans for 2017

More than 44,000 Scott & White Health Plan (SWHP) policyholders will lose their current plans in the wake of the company’s decision to exit the federal marketplace for 2017. SWHP will also reduce its off-exchange plan options for 2017. Their gold and silver plans will no longer be available during Open Enrollment this year. With…

19 Aug 16
Posted By:

Aetna Leaving ACA Exchanges in 2017

First, UnitedHealthcare announced its plans to withdraw from many Affordable Care Act (ACA) exchanges in 2017. Then, Humana reported it would do the same. Now, there’s news of Aetna leaving ACA exchanges it currently operates in. On Monday, Aetna announced it is pulling out of 11 of the 15 state exchanges where it currently offers ACA products…

16 Aug 16
Posted By:

Aetna-Humana Trial Date May Jeopardize Merger

U.S. District Judge John Bates is set to hear arguments on the Aetna-Humana merger on December 5. The deal must close by December 31 or Aetna will have to pay Humana a $1 billion break-up fee. Judge Bates said he expects a decision around mid-January, after a 13-day trial in December. He was originally going…

16 Aug 16
Posted By:

SilverScript Fights Rising Drug Costs with 2017 Formulary

CVS Health, which maintains the SilverScript Part D prescription drug plan, stood its ground against skyrocketing drug costs with the release of its 2017 drug formulary. The drug plan will add 35 products to its list of excluded drugs next year. Treatments for cancer and diabetes were replaced with lower-priced medications that have similar makeups,…

8 Aug 16
Posted By:

UnitedHealthcare Keeps Top Spot Amid Pending Mergers

UnitedHealthcare continues to enjoy the top spot in health insurance as Anthem and Aetna prepare to fight federal lawsuits against their proposed mergers with Cigna and Humana, respectively. Market Share If the Aetna-Humana and Anthem-Cigna mergers go through, the top five names in health insurance would be reduced to three. Anthem-Cigna would also steal UnitedHealthcare’s spot…

2 Aug 16
Posted By:

© Ritter Insurance Marketing