Aetna-Humana Merger Blocked

Posted by & filed under Aetna, Affordable Care Act, Humana, Medicare, Medicare Advantage, News.

Federal Judge John Bates handed down his decision to block the Aetna-Humana merger Monday. He addressed the $37 billion-dollar merger in a 156-page ruling. “In this case, the government alleged that the merger of Aetna and Humana would be likely to substantially lessen competition in markets for individual Medicare Advantage plans and health insurance…

WellCare Acquires Care1st Arizona

Posted by & filed under Care1st Arizona, News, Wellcare.

Today, WellCare Health Plans completed their acquisition of Care1st Arizona, the Phoenix-based company comprised of subsidiaries Health Plan Arizona, Inc. and One Care by Care1st Health Plan of Arizona, Inc. The deal brings 115,000 Medicaid and Medicare members in Maricopa and Pima counties over to WellCare. “We are pleased to announce the completion of this…

Mutual of Omaha Reaffirms Commitment to LTC Insurance

Posted by & filed under Long Term Care, Mutual of Omaha, News.

Mutual of Omaha will continue to issue long-term care (LTC) insurance, remaining hopeful about the future of the industry, even as others leave the market. Adam Walling, director of producer performance at Mutual of Omaha, committed to LTC insurance in a recent memo to agents, brokers, and distribution partners. “We believe that LTCI provides value through…

Aetna-Humana v. Department of Justice Begins

Posted by & filed under Aetna, Humana, News.

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…

New Limits Placed on Short-Term Health Plans

Posted by & filed under Health Care Reform, News.

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…

WellCare to Buy Universal American for $800 Million

Posted by & filed under News, Universal American Companies, Wellcare.

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….

Highmark Will Stay in ACA Marketplace

Posted by & filed under Affordable Care Act, CMS, Delaware, Highmark, News, Pennsylvania, Under 65, West Virginia.

Highmark recently announced it has no plans to leave the ACA Marketplace. Unlike other carriers who have dropped out or scaled back coverage for 2017, Highmark plans on sticking with the exchange in Pennsylvania, Delaware, and West Virginia. The announcement came alongside the company’s financial results for the first half of 2016. During the…