Ritter Insurance Marketing, Craig Ritter

2017 Cigna Medicare Advantage Acquisitions Possible

It’s only been one month since its $54 billion deal officially ended with Anthem, but Cigna is already on the lookout for new potential business partners. It’s possible we could see Cigna Medicare Advantage acquisitions in 2017. Cigna Chief Executive Officer David Cordani stated the company has $7 billion to $14 billion it could use…

CMS Lifts Sanctions on Cigna MAPD

Cigna, whose Medicare Advantage business has been under sanctions for 18 months, is once again free to enroll customers in MA plans beginning July 1, according to a filing from the Securities and Exchange Commission. The Centers for Medicare and Medicaid Services lifted a suspension placed in January 2016 after “widespread and systemic” failures…

16 Jun 17
Posted By:

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
Posted By:

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
Posted By:

Sanctions Against Cigna to Continue into AEP

Annual Enrollment 2016 is coming, but Cigna will be spending this one on the bench as CMS sanctions to their MAPD program continue. The Centers for Medicare and Medicaid Services red-shirted the Connecticut-based company back in January citing, “widespread and systemic failures.” In a recent regulatory filing, Cigna admitted that they “probably can’t fix…

7 Sep 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:

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
Posted By:

CMS Suspends Star Rating Reduction Policy, Cigna Benefits

In a surprising move, CMS has immediately suspended its Star Rating reduction policy for sanctioned plans. The government organization sent a memo to all Medicare Advantage organizations and Part D plan sponsors on March 8. This Star Rating reduction policy has played a large role in the calculation of Star Ratings for MA and Part D…

23 Apr 16
Posted By:

Cigna Hit with CMS Sanctions

CMS has imposed sanctions on Cigna suspending the enrollment of new customers in their Medicare Advantage and stand-alone Prescription Drug Plans. For the time being, agents must cease marketing to and contracting potential enrollees on behalf of Cigna-HealthSpring. Current enrollees in Cigna MA or PDP plans will not be affected. Based on prior cases, CMS…

22 Jan 16
Posted By:

MA Enrollment on the Rise despite ACA Payment Reductions

In an attempt to limit over-payments to Medicare Advantage plans, the Affordable Care Act (ACA) of 2010 decreased payments to these plans. Despite concerns these reductions would decrease Medicare Advantage enrollment, data in a June 2015 issue brief from The Henry J. Kaiser Family Foundation shows Medicare Advantage enrollment has increased. Here’s a quick summary…

2 Jul 15
Posted By:

© Ritter Insurance Marketing