Central NY’s biggest health insurer is increasing rates by 20% for those in the state’s individual marketplace.
Syracuse, NY – Excellus Blue Cross Blue Shield to Increase Premiums by 20.7% Excellus Blue Cross Blue Shield is set to raise premiums for individuals purchasing insurance through the state’s health market by a significant 20.7% next year. This marks the second-largest increase approved among insurers statewide. As Central New York’s largest private insurer, Excellus’s […]
Northern Light Health strikes agreement with Maine insurer to reduce expenses
Northern Light Health Signs New Agreement with Maine Insurer Northern Light Health has finalized an agreement with a Maine-based insurance provider, resulting in lower expenses for policyholders. Community Health Options, a nonprofit insurance organization led by its members, announced on Wednesday that the deal will enhance access to care for nine Northern Light hospitals and […]
Bert Nash ends agreement with insurer Cigna; 121 patients may be impacted
Bert Nash Community Mental Health Center Faces Financial Challenges With a projected multi-million dollar deficit looming for 2025, the Bert Nash Community Mental Health Center has decided to cancel its contract with an insurance provider that could affect services for over 100 centers. This information was revealed in a statement from the nonprofit, where interim […]
Philadelphia’s largest insurer chooses Kelly Munson to replace Greg Deavens as CEO.
Independence Health Group Announces New President and CEO Kelly A. Manson is set to succeed Gregory E. Deavens as president and CEO of Independence Health Group, which is the parent company of Independence Blue Cross. This news was shared by the Center City Company on Monday. Manson, who has been the CEO of Amerihealth Caritas—a […]
Doctors at Hopkins could soon be out of network for a major state insurer.
Concerns at Johns Hopkins and UnitedHealthcare Recently, tens of thousands of patients at Johns Hopkins Medicine and UnitedHealthcare received some unexpected news. It appears that patients might face challenges using their insurance for upcoming appointments at Hopkins facilities. This situation stems from ongoing negotiations between Johns Hopkins, a renowned hospital system based in Baltimore, and […]
‘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,” […]