Ritter Insurance Marketing, Craig Ritter

Ruling in Aetna-Humana Merger Expected Soon

A ruling from U.S. District Court Judge John Bates in the case of Aetna-Humana vs. Department of Justice should be coming soon. The Department of Justice (DOJ) seeks to block the merger, fearing monopolies in the Medicare Advantage (MA) and Affordable Care Act (ACA) markets — though Aetna has left the ACA market in most states….

20 Jan 17
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WellCare Acquires Care1st Arizona

Today, WellCare Health Plans completed their acquisition of Care1st Arizona, the Phoenix-based company comprised of subsidiaries Health Plan Arizona, Inc. and One Care by Care1st Health Plan of Arizona, Inc. The deal brings 115,000 Medicaid and Medicare members in Maricopa and Pima counties over to WellCare. “We are pleased to announce the completion of this…

4 Jan 17
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Divestiture to Molina Could Sway Aetna-Humana Merger

Aetna and Humana responded to antitrust concerns over their merger with a plan to sell off $117 million of their Medicare Advantage (MA) assets. Molina Healthcare has agreed to purchase the holdings, pending successful completion of the merger. Molina would gain nearly 300,000 members from the 21 states included in the divestiture plan. A…

15 Dec 16
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Mutual of Omaha Reaffirms Commitment to LTC Insurance

Mutual of Omaha will continue to issue long-term care (LTC) insurance, remaining hopeful about the future of the industry, even as others leave the market. Adam Walling, director of producer performance at Mutual of Omaha, committed to LTC insurance in a recent memo to agents, brokers, and distribution partners. “We believe that LTCI provides value through…

8 Dec 16
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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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Aetna-Humana v. Department of Justice Begins

Monday marked the start of the Department of Justice’s anti-trust lawsuit against the Aetna-Humana merger. Last July, Aetna announced their intention to buy rival Humana. A few weeks later, Anthem and Cigna announced their merger. This July, the Department of Justice filed suit against both proposals, dubbing the sales an “unprecedented consolidation in the health insurance…

6 Dec 16
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New Limits Placed on Short-Term Health Plans

Short-term health plans are now limited to a period of time no longer than 3 months. The final rule was recently issued by the Department of Health and Humans Services (HHS), the Department of Labor (DOL) and the Internal Revenue Service (IRS). With the inception of the Affordable Care Act, short-term health plans, whose cost…

29 Nov 16
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WellCare to Buy Universal American for $800 Million

Today, WellCare Health Plans announced their intentions to buy Universal American for $800 million, including the assumption of $200 million in Universal debt. The Tampa-based company will gain thousands of members through the acquisition of its smaller rival. The deal will add 65,000 members in Houston, Texas, and 14,000 members in the northeast, primarily in New York….

17 Nov 16
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