Archive for the ‘Arcadian’ Category

Cigna has cleared the first hurdle in it’s acquisition of Medicare advantage provider, HealthSpring.  Here is a link to the story from CBS News.

The Cigna/HealthSpring deal was valued at $3.8 billion and was the largest in a series of acquisitions in the Medicare advantage market which have occurred in 2011.

Virtually all of the major carriers in the Medicare advantage market have completed sizable deals in 2011 including UnitedHealth, Humana, WellPoint and Cigna.  The only major player who is yet to make an acquisition is Aetna (but there are still a few weeks left in 2011!)  Earlier this year, however, Aetna did acquire a Medicare Supplement business from Genworth, so they seem to like to business.

Earlier this week, United announced the acquisition of XLHealth which further reduced the number of potential candidates.

I commented back in August that I felt the deals would continue and I still feel the same.

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Here is a link to the story from Forbes.  Not much detail here as the terms were not disclosed.  Arcadian has about 64,000 HMO members and the acquisition will not materially impact Humana’s financials.  The deal is subject to regulatory approval.  The pace of acquisitions has been fairly rapid in the Medicare Advantage and Part D space with HealthSpring closing on Bravo late this year, CVS-Caremark closing on the Part D business of Universal American earlier this year and Wellpoint recently closing on CareMore.

I don’t see any reason not to expect a few more deals before the end of this year.

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I saw a press release on this, but I couldn’t find it on the Arcadian website or in any other news stories on the web.  I’ll keep looking for a source, but I wouldn’t even mention it if I wasn’t convinced it’s accurate.

UPDATE:  I’ve found a source!

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Update:  We’ve added an emergency webex call for agent on Tuesday, November 23rd at 3pm EASTERN time.  Click here for details and to register.

CMS isssued a press release on Friday afternoon announcing these marketing sanctions.  The sanctions for Health Net took effect at mid-night last Friday, so as I write this, they are currently unable to take an new enrollments.  The sanctions for Arcadian Management and Universal American Corp will not take effect until Sunday, December 5th, so agents will be allowed to enroll new members in these plans for approximately 2 weeks until the sanctions take affect.  For Universal American, the sanctions DO NOT include their stand alone part D plan, only their Medicare Advantage plans.

The sanctions will not impact any existing member nor will it impact Medicare Beneficiaries who have already submitted an enrollment to one of these 3 carriers.

Here is the release from CMS.
If you are an agent who would like to review additional MA options in your Service Area, please CONTACT US and we’ll review options in your market.

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We recently contracted with this company.  Dr. Austin was devoted to helping Medicare Beneficiaries.  He was very well respected within the industry and he will be missed.  Our condolences to his family and to his “family” at Arcadian.

Here is the article.

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