Ritter Insurance Marketing, Craig Ritter

Centene and Health Net Merger Approved by Regulators

One of the three major health insurance mergers announced in the summer of 2015 has received all of the approvals it needs to close the deal. The California Department of Managed Health Care and the California Department of Insurance have given Centene and Health Net the green light to combine companies. Centene and Health…

23 Apr 16
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ACA Startup Oscar Struggles, Retains Value

When new insurance markets emerged from the Affordable Care Act (ACA), investors put their money into Oscar, an insurance startup that approached health care with a modern website, design, and easy-to-use app. It purports itself as a health insurance company as the founders would want for themselves – simple, intuitive, and human. This kind…

5 Oct 15
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Florida Surpasses California in ACA Enrollment

Covered California has lost its standing as the top state for exchange enrollment, dropping behind Florida, according to new federal figures. The state signed up 1.36 million by the end of March, while Florida’s exchange had 1.42 million sign up, pick a plan and pay premiums. A California health advocate said comparing the two…

4 Sep 15
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State Exchanges Struggling As Federal Funds Dry Up

Though states with their own health exchanges weren’t affected by Thursday’s Supreme Court decision, they are still struggling with financial worries. Federal start-up money has stopped flowing into state exchanges, and so, states must now rely on their own funding methods. With the passage of the Affordable Care Act, roughly $5 billion was set aside to…

2 Jul 15
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Reporting of Administrative Actions and Criminal Convictions

The following email came from the State of California Department of Insurance. NOTICE TO:  All Admitted Insurers, Insurance Producers, Bail Agents, Independent and Public Adjusters and Other Interested Parties SUBJECT:  Reporting of Administrative Actions and Criminal Convictions DATE:  August 16, 2013 Background
On January 1, 2005, Section 1729.2 was added to the California Insurance…

16 Aug 13
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California HMO to Repay $323M in Overpayments

Here is the article from Healthcare Finance News.  Non-profit HMO, Senior Care Action Network or SCAN, will repay $190M to the state of California and $129M to the Federal government.  SCAN commented on the settlement via a press release on their website.  The investigation found no wrong doing reported on behalf…

3 Sep 12
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WellPoint Completes Acquistion of CareMore

Here is a link to an article with more details.  CareMore is a Medicare Advantage plan with membership in CA, AZ and NV.

24 Aug 11
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Ritter Insurance Marketing Weekly Forum Updates

Ritter Insurance Marketing is committed to providing our agents with information about the insurance industry. Below are links to the lasted news in your state. (Must be logged into ritterim.zendesk.com/ to view forums)

Wellpoint to Acquire Caremore

This past Thursday, Wellpoint announced a deal to acquire Medicare Advantage provider, Caremore.  Caremore operates in 3 states:  CA, NV and AZ.  Caremore has approximately 54,000 members.  The terms of the deal weren’t disclosed, however, it has been reported that Wellpoint will pay $800 million for Caremore.  The deal is expected to close before the…

13 Jun 11
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Ritter Weekly Forum Updates

Ritter Insurance Marketing is committed to providing our agents with information about the insurance industry. Below are links to the lasted news in your state. (Must be logged into ritterim.zendesk.com/ to view forums)


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