by Carrie Haubensak | Nov 3, 2021 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement, news, Uncategorized
For 3rd quarter 2021, CVS Health reported Medicare Supplement member in-force counts of 1,242,000, up 49,000 from 2nd quarter 2021 and 233,000 over the past 12 months. The 49,000 increase in membership during 3rd quarter 2021 was 11% lower than the membership growth...
by Carrie Haubensak | Nov 3, 2021 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement, news, Uncategorized
Humana reported 3rd quarter 2021 Medicare Supplement lives of 332,000, a 0.5% increase over 2nd quarter 2021 and a 0.2% increase over 3rd quarter 2020. The table below shows Humana’s Medicare Supplement enrollment counts by quarter since 1st quarter 2017. Humana...
by Carrie Haubensak | Oct 27, 2021 | Insurance Industry, Medicare, news
Centene is looking to divest “non-core assets” as it embarks on a long-term plan to improve its profit margin. Executives said they also plan to consolidate the company’s pharmacy benefit management business down to one platform and plan to send out...
by Carrie Haubensak | Sep 22, 2021 | Medicare
Medicare Advantage Part D new customer enrollments for three United Healthcare Group plans and one Anthem plan has been suspended for failing to meet medical loss ratio requirements. The Centers for Medicare & Medicaid Services (CMS) announced the suspensions in a...
by Carrie Haubensak | Sep 22, 2021 | Medicare, news
The federal government frequently alleges cases of overpayment to MA plans, which now cover about 42% of people in Medicare. It April, it said Humana had overcharged the program by nearly $200 million for submitting documentation claiming patients were sicker than...
by Carrie Haubensak | Aug 19, 2021 | Medicare, news
New data released today by the Centers for Medicare and Medicaid Services (CMS) shows more than 2.5 million people enrolled in health coverage on HealthCare.gov and state Marketplaces during the Biden-Harris Administration’s 2021 Special Enrollment Period (SEP), which...