Cigna will exit the individual health insurance business also known as Obamacare, leaving about 369,00 health plan members in 11 states looking for new coverage in 2027.
Humana reported first quarter net income of nearly $1.2 billion as costs of care for older adults in its Medicare Advantage plans eased a bit but remained high.
Health insurer Centene reported first quarter net income of $1.5 billion despite a 2 million enrollee drop in Obamacare enrollment.
Mark Cuban’s Cost Plus Drug Company and Humana’s CenterWell Pharmacy confirmed they have formed a partnership “to develop new end-to-end employer prescription solutions.”
Specialty drugs are an increasing worry for health plans and employers as new and innovative therapies enter the U.S. market and patients flock to them.
Elevance Health reported $1.7 billion in first quarter net income as cost issues continued to drag on earnings of the nation’s second-largest health insurer.
UnitedHealth Group reported first quarter net income of $6.3 billion as medical costs fell, triggering an improved outlook for the rest of the year.
UnitedHealthcare, the nation’s largest health insurer, will exempt rural physicians and hospitals from “prior authorization requirements across all lines of business.”
Oscar Health launched a new health marketplace to connect consumers to major individual health insurance plans as well as supplemental coverage beyond what it sells.
UnitedHealth Group earnings next week may signal whether health insurance companies are getting a handle on rising costs dragging down the industry.