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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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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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
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U.S. Set to Block Two Big Health Insurance Mergers

According to an article published by Insurance Business America, it’s likely that the U.S. Justice Department will file lawsuits against two big health insurance mergers in the process of seeking approval. U.S. antitrust officials are skeptical that the Aetna-Humana and Anthem-Cigna health insurance mergers would favor competition in the industry. Those familiar with the matter report that that…

19 Jul 16
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Anthem Predicts ACA Plan Premiums Will Increase in 2017

The second-largest health insurer by membership, Anthem, has stated it believes Affordable Care Act (ACA) plan premiums will likely increase in 2017. While Anthem has managed to slightly profit from selling ACA plans to individuals, many of the company’s competitors have not. UnitedHealth Group, the largest health insurer in the nation, lost approximately $500 million…

18 Feb 16
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Aetna Acquires Humana for $37 Billion

Here are some details from Yahoo Finance. This deal, if approved by regulators, would push Aetna to the No. 1 position in the Medicare Advantage space and would significantly increase their position in ACA and Tricare business. It would also vault Aetna to the No. 2 position overall as a health insurer, vaulting Anthem. United Healthcare…

3 Jul 15
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The Dangers of Storing Data Too Long

Following a cyberattack on CareFirst Blue Cross in the wake of others against Premera Blue Cross and Anthem, insurance companies would be wise to consider how long they retain customer data.

27 May 15
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Anthem Profit Soars, Expects Strong 2015

Anthem reported over $500 million in profit for the fourth quarter of 2014.  Anthem benefited from an improved loss ratio and rate increases on existing business.  Anthem’s overall Medicare advantage business was down sharply, however, this was primarily due to the loss of a large group.  Individual Medicare advantage fared better.  Further, Anthem acquired a…

29 Jan 15
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