Health Insurer News (April 16th – April 30th)

health insurer news

Updated 4/28 03:00 PM ET

Health insurer news aggregated from across the country between April 16th and April 30th 2016.  United Healthcare seems to be heavily covered during this two-week period.

United Healthcare exits Michigan ACA MarketplaceUnited Healthcare had previously announced they were exiting exchange marketplaces in both Arkansas & Georgia…. you can now add Michigan to the list.

Humana to rebrand Wellness ProgramHumana announced they are rebranding the HumanaVitality wellness program as Go365, effective January 1 2017.

United Healthcare exits Oklahoma ACA Marketplace.  According to NPR, United HealthCare will not sell individual health plans on exchange in Oklahoma in ’17.

Competition suffers when UnitedHealth Exits Markets.  If UnitedHealth withdrew from health insurance exchanges altogether it would leave an estimated 1 millions customers with only 1 health plan option with the impact being felt primarily in the south and midwestern states.

United Healthcare to exit most markets. During United Health’s earnings call, they indicated they would exit all but a handful of the 34 states where it currently offers health insurance plans on ACA insurance exchanges. They did not specifically which states they planned to continue to offer Obamacare plans.

Confirmed states of United HealthCare exit.  More to come, but so far 16 states have been confirmed: AL, AR, CO, CT, GA, LA, MD, MI, MO, NE, NC, OK, PA, TN, TX, WA.   confirmed states where UnitedHealth will stay include VA and NV

Update: 4/20 1:00PM ET Additional confirmed states that United Healthcare plans to exit in 2017 include FL, KS, MA, SC, AZ, RI…. bringing the total confirmed count to 22.

Update 4/20 7:30 PM ET

Anthem Blue Cross Blue Shield WI & Aurora Health Care form joint venture health insurerThe new health insurer will be branded Well Priority and will initially focus on medium to large employer groups.

Update 4/21 7:30AM ET

Blue Cross Blue Shield AZ may follow UnitedHealth out the door.   BCBSAZ is evaluating whether it will stop offering Obamacare plans in some rural AZ counties, leaving residents in those counties with no  subsidized health insurance options.

Updated 4/21 2:00PM ET

Anthem, Cigna reaffirm commitment to exchange participation. Unlike UnitedHealth, these health insurance companies are committed to exchanges.  Cigna has indicated they are in the process of expanding from seven states to a few additional states for 2017.

Molina to acquire Medicaid business from Universal American. Molina will acquire Universal American’s Total Care Medicaid unit in upstate New York and their 39,000 members

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Updated 4/22 11:00 AM ET

Lifewise Health Plan to exit Oregon insurance marketplace.  Amid losses, health insurer Lifewise will exit the Oregon insurance marketplace at the end of 2016 after 22 years of serving Oregon residents

[wpanchor id=”2″]Updated 4/26 7:50 AM ET

Wellmark to sell individual health plans on exchange in 2017.  Iowa’s largest health insurer Wellmark Blue Cross Blue Shield will offer policies on exchange in 2017 for the first time.

Additional confirmed states that United HealthCare will exit include: Indiana, Iowa, Kentucky, Mississippi, bringing the total confirmed exit states to 26.  UHC is confirmed to be remaining on exchange in New York, Virginia, and Nevada.  States where decision is TBD include: Ohio, California, Illinois, Mississippi, New Jersey, Wisconsin

[wpanchor id=”3″]Updated 4/27 9:00 AM ET

Centene highly profitability on ACA plans.  Contrary to the losses experienced by UnitedHealth and many other health insurers, Centene did very well on ACA plans in 2016 achieving profits on the high end of their targeted range.

Updated 4/28 8:00 AM ET

Anthem reaffirming commitment to Obamacare.  Anthem concedes that exchange business is not as profitable as they expected it would be, but they are sticking with it.

Updated 4/283:00 PM ET

BCBS Nebraska reports $64 Mill loss on ACA Business in 2016Blue Cross Blue Shield of Nebraska reported losing $64 Million insuring ~38,000 Nebraska residents with ACA compliant health plans in 2016.

 

 

This post will be updated with additional health insurer news articles throughout the month, so stop back and visit for updated news throughout the month.

 

Health insurer news from April 1 – April 15th