Health Insurer News – April 2016

Health Insurer NewsBelow are a handful of articles related to health insurers that have taken place within the first two weeks of April.

This is the first post in a ongoing aggregation of news articles related to health insurance carriers or the individual marketplace. Stop back frequently to see what is going on with health insurers around the country.

United HealthCare pulls out of Obamacare marketplaces in both Georgia and Arkansas.   This was not a huge surprise as United Healthcare’s losses related to Obamacare has been well documented.  United’s marketshare in Georgia was less than 5% in 2015.

Family Health Hawaii ordered to liquidate. Family Health Hawaii, the states smallest health insurance carrier, fell below minimum solvency requirements and was ordered to shut down by the state circuit court.

Aetna being lured to Boston? The city of Boston is attempting to lure health insurance giant Aetna to move its operations to the city from its current headquarters in Hartford Connecticut.

Fairview Health Services Plans to acquire UCare.  Ucare has been struggling recently as it lost nearly all of its state Medicaid business. UCare still has almost 93,000 Medicare Advantage members and also sells individual health plans on Minnesota’s insurance marketplace.

Ex- UnitedHealth CEO to lead startup health insurer Bright Health Inc. Minneapolis-based Bright Health, will enter its first market in the 2017 plan year.  Bright Health is planning a nationwide rollout as well as to begin selling Medicare Advantage Plans in 2018.

BCBSNC executive resigns amid operational issues. Blue Cross Blue Shield of NC COO Alan Hughes has quit, months after about 25,000 customers couldn’t enroll, were charged incorrect amounts for insurance or couldn’t get cards to show they had coverage.

Proposed Anthem-Cigna merger under fire in California.  The merger would create the nations largest health insurer which could have a significant impact on the marketplace according to consumer advocates.

 

April health insurer news volume 2