Cigna (NYSE:CI) traded lower on Tuesday as Wells Fargo downgraded its shares while favoring rivals Elevance Health (ELV), UnitedHealth (UNH), and Humana (HUM), despite citing a more balanced outlook for the group compared to the previous two years.
In a significant course change, the California Department of Health Care Services announced that it has negotiated with five commercial health plans to provide Medi-Cal services in 2024, scratching a two-year-long bidding process for the coveted state contracts.
Andrew Dreyfus, CEO of Blue Cross Blue Shield of Massachusetts, is stepping down after 12 years on the job. He says he is leaving the state’s biggest health insurer to teach, mentor, write and advise young companies.
An early look at Washington, Colorado and Nevada show their plans to provide more affordable coverage to hundreds of thousands of people aren't working out as hoped.
One of the traditional problems with Medicaid is that many beneficiaries cycle on and off of the program frequently as their income changes. Medicaid – paid for by both the state and federal governments – primarily serves low-income children, some of their parents, people with disabilities and older folks who are very low-income.