Payers will seek to strengthen their identities in 2020 and they will use mergers and acquisitions as the tools for transformation, according to a recent HRI’s PricewaterhouseCoopers (PwC)...
Centene announced that it will be selling IlliniCare Health Plan, Inc. and Centene’s Illinois Medicaid and Medicare Advantage plans to CVS Health in order to prepare for Centene’s merger...
WellCare Health Plans will divest its Medicaid programs in Missouri and Nebraska to Anthem, Inc. as part of its merger with Centene Corporation, Centene announced.
"This agreement represents an...
Seventy-five percent of the payer industry is made up of highly concentrated markets, a number that has been rising since 2014, an American Medical Association (AMA) study found. And in turn, public...
Judge Richard Leon granted the settlement between the federal government and CVS Health, which divests Aetna’s Medicare Part D prescription drug plan (PDP) to WellCare.
The judge stated that the...
The Federal Trade Commission (FTC) announced that it approves of the limitations set on the $4.3 billion UnitedHealth Group (UHG)-DaVita merger in Nevada.
“The proposed acquisition would likely...
Tufts Health Plan and Harvard Pilgrim Health Care will be merging, the two companies have announced.
The new company, whose name is still pending, will serve around 2.4 million New Englanders in...
Stockholders overwhelmingly approved the Centene-WellCare merger, the managed care company announced today.
“With the addition of WellCare, we are creating a combined company that is better able...
In an unprecedented move, Colorado’s Attorney General Phil Weiser pursued an antitrust challenge against the FTC-approved vertical merger of UnitedHealth Group and DaVita Medical Group.
Weiser,...
Mergers and acquisitions are commonplace in healthcare, but leading payers in the United States claim provider consolidation is costing consumers.
In testimony submitted to the Senate Subcommittee on...
The $69-billion merger of CVS Health and Aetna isn’t a done deal despite having received the blessing of federal officials and the two companies moving to integrate their businesses.
Senior...
In a rare move for the health payer, Humana has brought an end to the rumors of a merger with competitor Centene.
Humana broke with company policy to not comment on potential merger and acquisition...
Managed care giant Centene Corporation has announced that it will acquire rival payer WellCare Health Plans, Inc. for $17.3 billion in cash and stock.
The latest mega-deal among key players in the...
Cigna secured approvals from New York and California to acquire Express Scripts, according to multiple reports.
Zachary Vasile of the Journal Inquirer reports that New Jersey is the remaining state...
Close to a year has passed since CVS Health announced its plan to acquire Aetna in a $69-billion acquisition. Now only the approval of two state departments of insurance stands in its way.
In a recent...
The Department of Justice (DOJ) has announced that it will approve the proposed merger between CVS and Aetna as soon as Aetna completes the divestiture of its Medicare Part D business line.
Two...
Aetna has sold its Medicare Part D prescription plan business of 2.2 million beneficiaries to WellCare in an attempt to increase the likelihood of the CVS-Aetna merger closing before year’s...
The House Committee on Energy and Commerce has asked the Medicare Payment Advisory Commission (MedPAC) to investigate whether or not hospital consolidation increases Medicare spending.
In a letter to...
Centene and Ascension have partnered to offer a Medicare Advantage plan across multiple geographic markets in 2020.
Centene Chairman and CEO Michael F. Neidorff believes that the partnership...
Partners HealthCare has announced it will self-insure 100,000 of its employees, transitioning coverage from BlueCross BlueShield of Massachusetts to its own Neighborhood Health Plan, according to The...
