Healthcare Spending

Payer, Provider Launch Wellness-Focused Medicare Advantage Plan

by Kelsey Waddill

MVP Health Care and the University of Vermont (UVM) Health Network plan to form a Medicare Advantage plan with an emphasis on wellness, the non-profit payer and academic healthcare system...

3 Types of Funding for Employer-Sponsored Health Plan Claims

by Kelsey Waddill

Employers have three primary options to choose from when they are deciding how to fund their employer-sponsored health plan claims: the self-insured, level-funded, or fully-insured health plan...

Payer Platform for Self-Funded Employers Targets Member Engagement

by Kelsey Waddill

Self-funded employers take on the responsibility of covering their employees’ medical costs. The strategy is particularly appealing for large employers because they can exert more control over...

How Payers Can Identify, Reduce Low Value Care Spending Patterns

by Kelsey Waddill

Payers have the power to influence low-value care spending in a meaningful way. However, recent data has unveiled the reality that low-value care remains prominent in certain health insurance...

Healthcare Literacy May Be Higher For Male Medicare Beneficiaries

by Kelsey Waddill

Male Medicare beneficiaries aged 65 and older were more likely to say that they understood Medigap or Medicare Advantage plans and that the enrollment process was easy, according to a recent survey...

13 Areas of Low-Value Care Spending in Medicare Advantage Plans

by Kelsey Waddill

Although many studies have touted Medicare Advantage plans’ successes in diminishing low-value care and pursuing high-value care, there are at least 13 areas of low-value care in which Medicare...

How to Compare Impacts of Capped Provider Payment, Public Option

by Kelsey Waddill

While both public option and capped provider payment rates have the potential to produce savings, the solutions differ in how they would impact insurer marketplaces, a recent analysis from the Urban...

New CMS Guidance Could Increase COVID-19 Testing Rates, Spending

by Kelsey Waddill

Since the Biden administration has eliminated the ability to deny coronavirus testing claims due to “medical necessity,” payers should expect higher coronavirus testing rates across all...

3 Ways to Cut Payer, Employer Gene Therapy Healthcare Spending

by Kelsey Waddill

As gene therapies become more widespread, payers continue to rely on proven strategies to reduce gene therapy healthcare spending, CVS Health’s Health Trends Report 2021 explained. The report...

Middle-Income Enrollees Still Face High Costs with ACA Subsidies

by Kelsey Waddill

The Affordable Care Act subsidies for low-income and middle-income individuals reduced out-of-pocket healthcare spending and catastrophic spending for lower-income individuals, but healthcare costs...

Rare Disease Healthcare Spending Tops Costly Chronic Diseases

by Kelsey Waddill

While payers have been focusing justifiably on diminishing healthcare spending for chronic conditions, rare disease healthcare spending may exceed chronic disease healthcare spending, according to the...

Top 5 Common Conditions Driving Employer Healthcare Spending

by Kelsey Waddill

If five specific health conditions did not exist, large employers' healthcare spending per member per month could be declining instead of growing, according to a Health Action Council and...

Healthcare Spending Frequency Impacts Affordability for Members

by Kelsey Waddill

Whether care is affordable for members depends on more than just pricing; affordability is also tied to how clustered healthcare events—and, by extension, healthcare spending—are in a...

Aetna to Re-Enter ACA Individual Health Insurance Marketplace

by Kelsey Waddill

Aetna will be returning to the Affordable Care Act's individual health insurance marketplace, CVS Health announced in its 2020 fourth-quarter earnings results. “As the ACA has evolved...

Humana, IBM Partner To Streamline Member Engagement With AI

by Kelsey Waddill

Humana has announced a partnership with IBM Watson Health that seeks to improve member engagement through artificial intelligence. The solution will use an artificial intelligence-enabled virtual...

Payers Expect Enrollment to Offset Normalized Healthcare Spending

by Kelsey Waddill

As major payers like Centene and Cigna emerge from an atypical year, they are predicting in their fourth quarter 2020 earnings reports that revenues will increase in 2021, despite utilization and...

Humana, Roche Settle False Claims Act Lawsuit, Agree to Pay $12.5M

by Kelsey Waddill

An Anti-Kickback and False Claims Act lawsuit against Humana and Roche Diagnostics Corp. and Roche Diabetes Care, Inc. (Roche) has finally come to a close, Sanford Heisler Sharp, LLP announced. The...