by Carrie Haubensak | Jan 12, 2022 | Insurance Industry, Medicare Advantage, news
Centene executives said Monday that the company is feeling confident about its standing in the crowded, competitive Medicare Advantage market coming out of the annual enrollment period. The company has recorded substantial growth over the past two years following the... read more
by Carrie Haubensak | Jan 12, 2022 | Insurance Industry, Medicare Advantage, news, Uncategorized
Humana slashed its forecast for how many Medicare Advantage members it expects to pick up in 2022, sending shares tumbling 19% on Thursday compared with the prior close. CEO Bruce Broussard said members were active shoppers during the most recent open enrollment... read more
by Carrie Haubensak | Jan 11, 2022 | Insurance Industry, news
Integrity Marketing Group, LLC (“Integrity”), an omnichannel insurtech leader in life, health and wealth solutions, announced it has acquired Schmidt Insurance Services, an independent marketing organization (“IMO”) in Ellington, Connecticut. As part of the... read more
by Carrie Haubensak | Jan 10, 2022 | Insurance Industry, news
Omaha, Nebraska – Senior Market Sales® (SMS), one of the industry’s premier insurance marketing organizations, has acquired Transitions Benefit Group as a strategic partner in the employer group insurance space. SMS President Jim Summers said that Transitions Benefit... read more
by Carrie Haubensak | Jan 6, 2022 | Insurance Industry, news, Uncategorized
Molina covers some 4.8 million people in the U.S., but Medicaid is the payer’s flagship business, representing more than three-fourths of its members (and premiums). The program has grown because of the pandemic, causing some players in Medicaid markets to... read more
by Carrie Haubensak | Jan 6, 2022 | Competitive Intelligence, Insurance Industry, Medicare Supplement, news
CompanyEffective DateAverage IncreaseComments Accendo Insurance Company 2/1/2022 - 3/1/20226.1%0% - 9%; Varies by state and plan Aetna Health and Life Insurance Company 2/1/2022 - 3/1/20225.4%Arizona & Utah Aetna Health Insurance Company 2/1/2022 - 3/1/20225.8%0%... read more
by Carrie Haubensak | Jan 6, 2022 | Insurance Industry, news
Centene Corporation has completed its acquisition of Magellan Health, the insurer announced. The $2.2 billion deal closes exactly one year after its announcement on Jan. 4, 2021. The combination will create one of the country’s largest behavioral health... read more
by Carrie Haubensak | Jan 5, 2022 | Insurance Industry, news
Integrity Marketing Group, LLC (“Integrity”) an omnichannel insurtech leader in life, health and wealth solutions, announced it has acquired The Diversified Companies (“Diversified”), a leading independent marketing organization based in Parsippany, New Jersey. As... read more
by Carrie Haubensak | Dec 16, 2021 | Medicare Advantage, news
Medicare Advantage’s quality bonus program has had no observable difference in plan quality despite costly federal investments, a new study suggests, bolstering calls from some stakeholders to substantially revise or even eliminate the program altogether. The... read more
by Carrie Haubensak | Dec 16, 2021 | Insurance Industry, news
U.S. healthcare spending skyrocketed in 2020 as the federal government invested significantly in response to the COVID-19 pandemic, according to new data from the Centers for Medicare & Medicaid Services (CMS). CMS’ Office of the Actuary released its annual... read more
by Carrie Haubensak | Dec 16, 2021 | Insurance Industry, news
Insurtech Bright Health is getting a major infusion of $750 million in capital from existing investor New Enterprise Associates and Cigna’s venture arm. Cigna, a new investor in the company, is investing a significant chunk of change — $550 million — in an... read more
by Carrie Haubensak | Dec 16, 2021 | Insurance Industry, news
Healthcare merger and acquisition activity hit a new stride in 2021, fueled by investor interest in digital health and virtual care as well as the SPAC craze that’s pumping a lot of cash into the market. M&A in the healthcare industry has been more robust... read more
