‘Unacceptable’: Health insurer for 460,000 public employees in Massachusetts fails without a contingency plan
The Massachusetts agency responsible for health insurance covering 460,000 civil servants, retirees, and their families is facing financial difficulties, unable to make payments to their healthcare provider after exhausting funds. The Massachusetts Group has labeled this situation as “unacceptable” due to the absence of backup options.
UnitedHealth shares tank as insurer cuts forecast on higher medical care costs – CNBC
Omar Marquez | Lightrocket | Getty Images UnitedHealth Group It cut Thursday’s annual profit forecast in anticipation of exceeded expectations, triggering a 19% selling of the industry’s pioneer stock that revered across the sector. The bleak forecast surprised investors as they were hoping for insurers to launch a revenue season for the sector to maintain […]
Insurer for nearly 50,000 poor, elderly, disabled people in Mass. running out of money – The Boston Globe
However, after a multimillion-dollar operating loss, Commonwealth Care's cash reserves fell dramatically, causing MassHealth, the state's Medicaid program, in November, to block the insurer from buying new members. Advocates of disabled people recently wrote in a letter to state regulators that the company is about to be bought, but said these efforts have not been […]
UnitedHealth says a hospital error led to Ackman's criticism of the insurer – Yahoo Finance
(Reuters) – United Health Group said a hospital mistake was behind the phone, causing the surgeon to pull out of the operating room to protect the patient's stay. UnitedHealth said before the phone it had already approved the treatment and overnight stay for surgeon Elizabeth Potter patients. The representative called the hospital to discuss the […]
California’s Largest Insurer State Farm Cancels Super Bowl Ads Citing L.A. Fires
One of the last large insurance companies in California, a state farm, a major insurance company, has canceled Super Bowl Advertising this year in quoting the tragedy of LA's mountain fire. “The state farms, their agents, and all employees are all focused on supporting customers affected by the Southern California's mountain fire during this tragedy,” […]
UnitedHealth CEO says insurer will continue to prevent ‘unnecessary care’ in leaked video
UnitedHealth Group's CEO tells employees the insurance giant will continue to prevent “unnecessary medical care” in leaked internal video, as horrified trolls say “he's next” he warned. Days after UnitedHealthcare CEO Brian Thompson was shockingly executed in the middle of a Manhattan street, Andrew, CEO of the insurance company's parent company, said in a speech […]
UnitedHealth, insurer stocks continue to tumble after Brian Thompson’s murder
Shares of health insurance companies, including UnitedHealth Group, continued to soar Friday, two days after Brian Thompson, CEO of the company's health insurance division, was shot and killed by a gunman waiting outside a Manhattan hotel. continued to decline. Police officials said the gunman was still at large and a motive for the attack had […]
Insurer Blue Cross Blue Shield agrees to $2.8bn antitrust settlement – The Guardian US
U.S. insurer Blue Cross Blue Shield will pay $2.8 billion to settle an antitrust class action lawsuit that claims hospital systems, doctors and other health care providers were not reimbursed. They agreed, the plaintiffs said in a recent filing in Alabama federal court. The settlement is the largest ever in a medical antitrust case, they […]
Hospital gets $421m ‘landmark’ verdict after insurer found to underpay claims – The Guardian US
The movement to hold U.S. health insurance companies accountable is most prominent in Louisiana, where a civil court jury recently found that it underpaid insurance to a surgical center that often treats cancer patients. Reached notable legal victory by ordering health insurance company to pay more than $400 million. But on appeal, Louisiana insurer Blue […]
Health insurer Elevance cautious on Medicaid business this year – Yahoo Finance
By Shriparna Roy and Amina Niasse (Reuters) – Insurer Elevance Health Inc said it expects claims from members enrolled in government-sponsored Medicaid plans to rise in the second half and that health care costs will remain high this year, sending its shares down about 7 percent on Wednesday. Shares of rival insurers that offer Medicaid […]