The Blues are in the red. Blue Cross Blue Shield of Michigan reported Wednesday a net loss of $777 million in 2022 due to rising operating costs, losses from its market portfolio and ongoing COVID-19 response.
Farmington health insurer ConnectiCare announced it has reached a new contract agreement with the parent company of three Connecticut hospitals allowing the care providers to remain in network.
Federal officials say they're working to cut down on a growing backlog of complaints lodged against healthcare providers, insurers or government agencies by patients who claim their civil rights or privacy have been violated.
The exit of Humana Inc. from the employer health insurance market may foreshadow difficult decisions ahead for large insurers as they face greater scrutiny on costs from companies while being lured by the more lucrative Medicare Advantage market.
Elevance Health Inc. agreed to pay $2.5 billion for its previously announced purchase of Blue Cross and Blue Shield of Louisiana, documents reviewed by Bloomberg show, and additional conditions might raise the value of the transaction by $1 billion.
Serco has won a $690 million contract from CMS to continue supporting eligibility determinations for citizens buying health insurance through the Federal Health Insurance Exchanges.