Hours before regulatory hearings in Baton Rouge were set to begin Wednesday, BCBS of Louisiana officials said they were shelving plans for a controversial $2.5 billion sale to Elevance Health.
The state Attorney General’s office has seized more than $6 million from a defunct chain of mental health clinics that were accused of running a Medicaid billing scheme.
Simple Health Plans deceived consumers into buying insurance policies that they were told complied with requirements of the Affordable Care Act. They didn’t.
A spokesperson for Cigna says the insurer uses prior authorizations for popular drugs such as Mounjaro to help ensure that patients get the right medications and dosages. But in the case of Christopher Marks, she says, “we fell short and we greatly regret the stress and frustration this caused.”
A recent McKinsey report projected that EBITDA from covering the "dual eligibles" population will see a growth rate of greater than 10% between 2022 and 2027, and profits will grow from $7 billion in 2022 to $12 billion in 2027.