The sanctions block the Minnetonka-based insurer from selling certain Medicare Advantage plans in six states, which represent a small percentage of United's overall enrollment.
Connecticut consumers will see higher rates in many health insurance plans next year, though not as much of an increase as insurance companies had sought. The state Department of Insurance has approved an average rate hike of 5.6% for individual health plans in 2022. The carriers had requested an average increase of 8.6%.
Tunde Sotunde, MD, is CEO and president of Durham-based Blue Cross and Blue Shield of North Carolina, the state's largest insurer with more than 3.7 million members. A pediatrician by training, Sotunde held leadership roles as a physician, educator, and a health plan executive.
It's a situation that appears incongruous: Congressional Democrats want to expand Medicare's benefits while a trust fund that supports the program is facing insolvency.
Shares of Cigna Corp. CI, 3.30% sank 3.9% in midday trading Friday, after BofA Securities analyst Kevin Fischbeck reversed his stance on the health services company to bearish from bullish, citing the lack of clarity on the trajectory of earnings over the next couple of years.
Bukata Hayes applies a racial and health equity lens to work and culture at Blue Cross, leading and supporting other leaders to increase inclusiveness and representation in the organization.