CBO Publishes AHCA Estimate

Posted by & filed under Affordable Care Act, Health Care Reform, News.

The Congressional Budget Office (CBO) recently released their much-anticipated cost estimate on H.R.1628, the House-passed version of the American Health Care Act (AHCA). Together with the Joint Committee on Taxation (JCT), the CBO estimated that the most current version of the AHCA bill would:

  • Reduce the federal deficit by $119 billion by 2026

Aetna CEO Sparks Single-Payer Health Care Discussion

Posted by & filed under Aetna, Affordable Care Act, Health Care Reform, News.

During a recent private meeting with shareholders, Aetna CEO Mark Bertolini suggested Americans should start the discussion about single-payer insurance, but does it mean what we think it means? Leaked discussion reports him saying, “Single-payer, I think we should have that debate as a nation.” Why would the CEO of America’s fifth-largest private insurance company…

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…