by Carrie Haubensak | Oct 13, 2022 | Insurance Industry, Medicare Advantage
Molina closed its acquisition of AgeWell, a Medicaid long-term care business, for $110 million, according to a release from the company. The payer will pick up 13,000 members from New York-based AgeWell who are chronically ill or disabled and covered by AgeWell’s...
by Carrie Haubensak | Oct 13, 2022 | Medicare, Medicare Advantage, news
The Centers for Medicare & Medicaid Services (CMS) publishes the Medicare Advantage (Medicare Part C) and Medicare Part D Star Ratings each year to measure the quality of health and drug services received by consumers enrolled in Medicare Advantage (MA) and...
by Carrie Haubensak | Oct 6, 2022 | Insurance Industry, Medicare Advantage, news
This is the fourth consecutive year that Cigna has grown its Medicare portfolio, according to the announcement. The Connecticut-based payer now offers at least one $0 premium MA plan in every market, while most of its customers will pay the same or cheaper premiums...
by Carrie Haubensak | Oct 6, 2022 | Insurance Industry, Medicare Advantage
Average premiums paid by Medicare Advantage enrollees have been declining since 2015, reflecting lower premiums for local PPOs and HMOs that cover a growing share of beneficiaries, a Kaiser Family Foundation analysis found. Medicare Advantage plans now cover 28.4...
by Carrie Haubensak | Sep 23, 2022 | Medicare, Medicare Advantage, news
Humana is bullish on future growth in Medicare Advantage (MA), its main line of business, in 2023 to bounce back from lackluster performance this year. The insurer also raised its profit outlook for 2022, sending its shares up some 8% since the news Thursday. The...
by Carrie Haubensak | Sep 16, 2022 | Medicare, Medicare Advantage
Researchers concluded that “MA beneficiaries received fewer low-value services than [traditional Medicare] beneficiaries, especially among MA beneficiaries enrolled in HMO products and those attributed to primary care organizations reimbursed within advanced...
