Ritter Insurance Marketing, Craig Ritter

Aetna to Sell Medicare Part D Business to WellCare Health Plans

Plans for the Future Aetna has agreed to sell the assets from their Medicare Part D business to WellCare Health Plans in hopes of greasing the rails for approval of its merger with CVS. The financial terms of the transaction have not yet been disclosed. However, the deal is contingent upon approval from…

28 Sep 18
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PA Supreme Court Rules Highmark Access to UPMC Ends in 2019

Around 50,000 seniors in Western Pennsylvania have a big decision to make this Annual Enrollment Period: stick with their Highmark Medicare Advantage plan and lose in-network access to UPMC doctors in the middle of next year OR change their Medicare coverage and continue seeing UPMC doctors at in-network costs. On Wednesday, the Pennsylvania Supreme…

Bright Health to Bring Medicare Advantage Plans to New York in 2019

Bright Health, a Minneapolis-based insurer, will partner with New York-based provider Mt. Sinai to provide Medicare Advantage plans starting in 2019, pending approval from the Centers for Medicare & Medicaid Services (CMS). According to Crain’s New York Business, CEO Bob Sheehy said, “We think the Medicare market is a good place to start…

17 Jul 18
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Minnesota to See Medicare Cost-Medicare Advantage Switch in 2019

In 2019, the Centers for Medicare & Medicaid Services (CMS) will require a transition from Medicare Cost plans to Medicare Advantage plans for about 630,000 people. Roughly 400,000 of those people live in Minnesota. While the majority of the U.S. moved on in the ‘80s from Medicare Cost plans – managed care plans on…

26 Jun 18
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UnitedHealthcare Acquires Peoples Health in Louisiana

UnitedHealthcare, the largest health insurer in the U.S., has reached a deal to acquire Peoples Health, Louisiana’s second-largest Medicare Advantage provider. Established in 1994, Peoples Health has around 850 employees, 55,000 members, and in 2016, made about $710 million. The company was one of the first in Louisiana to provide Medicare Advantage plans. The…

11 Jun 18
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Recap of Affordable Care Act Enrollment for the 2018 Plan Year

From 2017 to 2018, enrollment in Affordable Care Act (ACA) plans dropped by 3.7 percent. For the 2018 plan year, a total of 11.8 million people signed up for ACA plans, compared to last year’s 12.2 million enrollees. Prior to open enrollment, the advertising budget for the Affordable Care Act was decreased by 90…

2 Apr 18
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Rite Aid, Albertsons Merging to Form New Company

A year after Walgreens bought a number of Rite Aid locations, the Idaho-based grocery chain Albertsons has agreed to merge with Rite Aid.

22 Feb 18
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Highmark Scores Access Victory, UPMC Will Appeal Court’s Decision

The latest in the UPMC/Highmark divorce saga is news that Highmark Medicare Advantage members will retain in-network access to UPMC providers for all of 2019 – a “victory” for Highmark. The state-brokered consent decree between the two health systems expires on June 30, 2019. UPMC argues that access to their health providers at…

1 Feb 18
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Mutual of Omaha to sell Medicare Advantage in 2019

In a press release Wednesday, Mutual of Omaha announced it will team up with Lumeris, Inc. to offer Medicare Advantage plans in 2019.

18 Jan 18
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CVS to Merge with Aetna in $69 Billion Deal

On Sunday, CVS Health announced its plans to buy health insurance giant Aetna in a $69 billion deal. Each company’s board of directors fully supported the move. CVS Health (CVS) is a leading pharmacy benefits manager that serves approximately 90 million plan members. Aetna, a health care benefits company, serves roughly 44.6 million individuals as…

4 Dec 17
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