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But that business is now firmly in the past, and the company has switched to an even more regulated industry: healthinsurance. Curative rose to prominence during the throes of the pandemic, as people and governments across the country used its Covid-19 tests. Last year, Curative had a cloud hanging over its head.
Oscar Health has excelled at one thing in particular since its inception a decade ago: burning cash. The healthinsurancecompany did not plan to be profitable immediately. It was staking its future on the new Affordable Care Act marketplaces and had to grow quickly to compete with larger insurance carriers.
Arbitration, the land where nobody is happy After Congress officially outlawed most types of surprise medical bills last year, there’s been endless, litigious debate as to how healthinsurancecompanies and providers should settle their differences while patients are held harmless.
Healthinsurancecompanies will still offer older adults a lot of plan choices with low, or completely free, premiums. Next year’s Medicare Advantage market will be two things at once: remarkably stable broadly, but rife with changes under the surface.
The federal government is rescoring the quality ratings of this year’s Medicare Advantage plans, which could lead to an additional $1 billion of taxpayer money flowing into the coffers of healthinsurancecompanies.
The Department of Justice filed a new lawsuit against Cigna Monday, alleging the healthinsurancecompany overcharged the federal government by purposefully inflating how sick its Medicare Advantage members were. Read the rest…
UnitedHealth Group started out as a small, Minnesota healthinsurancecompany and has since morphed into a modern-day Standard Oil, exerting unmatched dominance over health care in the United States.
A lawsuit between a large hospital system and a dominant vendor that works for healthinsurancecompanies is getting a lot more heated — with one party calling the other an “economic parasite.”
The federal government inappropriately lowered the 2024 Medicare Advantage star ratings of SCAN Health Plan, which led to the healthinsurancecompany in California losing hundreds of millions of dollars in bonuses from the government, a judge ruled Monday.
The Biden administration moved Wednesday to force insurancecompanies to give specific reasons for denying coverage, and to speed up the pre-approval process in general. The new rule applies to healthinsurancecompanies that offer Medicare, Medicaid, Children’s HealthInsurance Program, and Obamacare plans.
Having worked as a medical director for several large healthinsurancecompanies and having suffered through the Change fiasco herself as a rehab doctor with a private practice in Kansas City, she figured that if her data had been exposed in that February breach, she would have been notified by now.
The lawsuit builds on the Federal Trade Commission’s complaint filed in September, which argued USAP and Welsh Carson illegally bought up anesthesia practices across Texas as a way to concentrate market power, gain negotiating leverage over healthinsurancecompanies, and raise prices.
Does it make sense for a chain of drug stores to own a major healthinsurancecompany? That has been the existential question for CVS Health for six years, since its $70 billion acquisition of the massive insurer Aetna. The biggest pharmacy chain in the U.S.
Medicare Advantage members continue to go to the doctor and get health care procedures a lot more than predicted, CVS Health executives said at the J.P. Morgan Healthcare Conference on Monday.
We reveal that the nation’s largest healthinsurancecompany pursued a strategy to pressure its medical staff to cut off payments for seriously ill patients in lockstep with a computer algorithm’s calculations, denying rehabilitation care for older and disabled Americans as profits soared.
More than two dozen Medicare Advantage insurers received higher quality marks for 2024, based on a STAT review of new data released July 2 by the federal government.
The nation’s largest healthinsurancecompany pressured its medical staff to cut off payments for seriously ill patients in lockstep with a computer algorithm’s calculations, denying rehabilitation care for older and disabled Americans as profits soared, a STAT investigation has found.
7, allowing eligible older adults and people with disabilities to sign up for traditional Medicare coverage or Medicare Advantage, the alternative option that is run by healthinsurancecompanies. Medicare’s annual enrollment period kicked off Sunday and runs through Dec.
Bright Health Group started as a healthinsurancecompany. Bright is looking to sell off the Medicare Advantage plans it manages in California, the company said Friday. But it will no longer be one.
A federal judge in Texas has ruled that parts of the Affordable Care Act mandating healthinsurancecompanies cover many preventive services and drugs for free are unconstitutional.
It worked maybe a little too well for CVS, as the surge in new customers backfired when the medical costs for those sporty seniors spiraled well beyond the company’s expectations. Now, after the Woonsocket, R.I.-based
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Since 2021, hospitals have been required to post the prices they have negotiated with all healthinsurancecompanies, as well as their cash prices. Those two groups have excoriated hospitals’ high prices and profits and lobbied aggressively to ensure hospitals are held accountable for publishing pricing information.
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Patients are waiting, but I’d be unwise to put off the caller: a physician calling from a healthinsurancecompany. This peer-to-peer call is part of the prior authorization process; my “peer” needs information to determine whether the company will cover a procedure I requested for one of my patients.
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After Congress officially outlawed surprise medical bills last year, there’s been endless, litigious debate as to how healthinsurancecompanies and providers should settle their differences over how much to pay for out-of-network medical bills.
The federal government is proposing to rein in healthinsurancecompanies that entice brokers with lavish bonuses to sell their Medicare Advantage plans by placing a firmer cap on broker compensation.
Option Care Health is buying Amedisys in an all-stock merger valued at $3.6 billion, creating a national company that specializes in almost all types of home care that can be provided from cradle to grave.
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Two dominant Blue Cross Blue Shield companies in California intentionally underreported premiums of certain health plans so they could avoid paying Affordable Care Act taxes, according to new federal whistleblower complaints.
The Medicare Payment Advisory Commission, a group that advises Congress on Medicare policy, gathered to discuss its pending March report on the state of Medicare Advantage, the alternative to traditional Medicare that is run by healthinsurancecompanies.
UnitedHealth is one of the country’s largest healthinsurancecompanies, and also owns a major chain of ambulatory surgery centers. A vast majority of the care has come from Medicare enrollees who are getting hip and knee replacements and heart procedures in outpatient clinics, he said.
Healthinsurancecompanies hire NaviHealth to mine medical data and predict the post-acute care a patient will need. A STAT investigation found Medicare Advantage insurers are routinely using that unregulated technology to deny care, unbeknownst to patients and regardless of whether they need the treatment.
AdventHealth, a large religious-affiliated hospital system, has sued MultiPlan, alleging the company has worked with healthinsurers to create a “cartel” that systematically underpays hospitals and doctors for care that is delivered out of an insurancecompany’s network.
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