Hints and tips:
...US health insurer Cigna has abandoned plans to merge with Humana, a blockbuster transaction that would have created a $140bn insurance giant, according to people familiar with the matter....
...One thing to start: Cigna is in talks to merge with Humana in a deal that would create a US health insurance giant worth $140bn and provide a significant test for antitrust authorities, according to people...
...But early indications of MA enrolment for 2024 have not been great, and if that plays out, Cigna’s greater exposure to commercial health plans may turn into a relative advantage....
...Mr Biden’s proposals include introducing a government-run health plan and lowering the eligibility age for Medicare to 60....
...Its iptiQ unit helps other companies to develop insurance products....
...Pharmacy benefit managers, known as PBMs, bridge the gap between drugmakers and insurers, deciding which drugs will be covered by insurance plans and negotiating rebates and discounts....
...The Trump administration’s granting of state funding for (costly) COVID-19 testing for patients with no health insurance and Congress’s approval of a $8bn package to fight the spread of the virus bear out...
...Axa announced earlier this year that it was buying XL Group in a $15.3bn deal that will cement its position as one of the world’s biggest property and casualty insurance companies....
...The disposal leaves The Hartford, whose history stretches back to 1810, focused on property casualty insurance and employee benefits....
...When US health insurers Aetna and Humana were forced to walk away from their merger in February 2017 after a federal judge blocked the merger, the companies had to unwind a $13bn financing package....
...they tend to contract with profitmaking health insurers and PBMs to manage the plans....
..., according to one person briefed on the companies’ plans....
...Athem shares climbed 1.7 per cent to $186.84, Aetna shares gained 2.5 per cent to $155.31, Cigna shares rose 1.4 per cent to $186.67 and Humana shares climbed 1.7 per cent to $241....
...The person says CVS shelved its earlier plans after health insurers tried to implement a round of consolidation in 2015 that would have seen Aetna buy smaller rival Humana....
...The sector’s big five companies, including Aetna and Humana, have enjoyed share price rises of more than 30 per cent since the election, having stepped away from participation in unprofitable parts of the...
...The vast majority of Americans who have health insurance take it from their employers. The primary beneficiary has been, unsurprisingly, corporate America....
...(New York Times) Deadly business Johnson & Johnson entered the death-penalty debate by obstructing Florida's plans to use the company's drugs for lethal injections....
...Several large insurers believed there was a tacit agreement with the Obama administration that if they agreed to participate in the former government’s plan, which included providing health insurance to...
...While the law has expanded the number of Americans with health insurance, several of the largest insurers have already reported heavy losses as a result of plans sold on the exchanges set up under Obamacare...
...Investors gave Humana the thumbs down on Wednesday after the fifth largest US insurer said a drop in government ratings for some of its insurance plans could hit future federal reimbursements....
...Republicans in Congress have attempted to repeal Obamacare numerous times, railing against its mandate that people buy health insurance or pay a tax penalty....
...The closely watched trials come as the US health insurance industry attempts to realign itself after sustaining heavy losses on plans offered through the Affordable Care Act, the landmark health-insurance...
...Obamacare plans and gave a healthy boost to health insurance shares overall....
...The company also announced plans to exit eight of the 19 states where it currently sells individual insurance plans to people who are not covered by Medicare, as mandated under Obamacare....
...The company would owe Humana $1bn if the tie-up were thwarted by antitrust officials....
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