Combined Insurance, a leading provider of individual supplemental accident, disability, health, and life insurance products, and a Chubb company, announced Chris Anderson as the company’s new Senior Vice President, Chief Financial Officer. Anderson previously held the role of Controller at Combined Insurance, and is now responsible for the end-to-end leadership of the company’s Finance function.… Continue reading Chris Anderson to Lead Finance at Combined Insurance as Senior Vice President, CFO
Tag: health insurance
Cigna and Express Scripts Seal $54 Billion Merger
Cigna Corp. completed its $54 billion acquisition of Express Scripts Holding Co. , setting up a battle among giant health companies to try to cut health-care costs by managing both medical and drug benefits. The Cigna deal, which won an antitrust nod from the Justice Department without requiring divestitures, brings together a health insurer with… Continue reading Cigna and Express Scripts Seal $54 Billion Merger
ACA Ruling by Texas Federal Judge Casts Uncertainty on Coverage for Millions of Individuals
Obamacare was struck down by a Texas federal judge in a ruling that casts uncertainty on insurance coverage for millions of U.S. residents, drawing sharp condemnation from some medical professionals and a vow for action by top Democrats. President Donald Trump termed the ruling “a big big victory by a highly respected judge” and an… Continue reading ACA Ruling by Texas Federal Judge Casts Uncertainty on Coverage for Millions of Individuals
Insurance Customers Feel Undervalued: UK Survey
New research from customer benefits and loyalty firm Collinson has found that many insurance customers are unhappy with the treatment they receive from their insurers. In particular, customers are not receiving the personalised experience that they increasingly crave and, according to Collinson, this is jeopardizing loyalty. The survey, which took in responses from more than… Continue reading Insurance Customers Feel Undervalued: UK Survey
Chubb Introduces Gap Supplement Insurance to Help Offset Rising Out-of-Pocket Medical Expenses for Consumers
Chubb has introduced its new Gap Supplement Medical plan – an enhanced supplemental healthcare insurance product designed to reimburse consumers for qualifying out-of-pocket expenses not reimbursed by their medical insurance plans. Chubb is among the few property and casualty companies to incorporate gap supplement insurance into its product suite to help provide customers with more… Continue reading Chubb Introduces Gap Supplement Insurance to Help Offset Rising Out-of-Pocket Medical Expenses for Consumers
Trump Administration Details Health-Law Waivers for States
The Trump administration on Thursday outlined ways states will be allowed to waive parts of the Affordable Care Act, a move that has been welcomed by conservatives, spurred rebukes from Democrats and risks legal action. The Centers for Medicare and Medicaid Services, which implements the health law, released four templates detailing how states may use… Continue reading Trump Administration Details Health-Law Waivers for States
Walgreens, Humana Are in Preliminary Talks to Take Stakes in Each Other
Drugstore owner Walgreens Boots Alliance Inc. and health insurer Humana Inc. are in preliminary discussions to take equity stakes in each other, according to people familiar with the matter, as health-industry players scramble for tie-ups that will help them compete in a rapidly evolving environment. The companies, which already have a partnership focused on serving seniors… Continue reading Walgreens, Humana Are in Preliminary Talks to Take Stakes in Each Other
Health Care Venture from Amazon, Berkshire and JP Morgan Just Hired First Female Exec
The joint health care venture by Amazon, Berkshire Hathaway and J.P. Morgan has hired a well-known health insurance exec who specializes in analyzing data to improve patient health. The group has scooped up Dana Gelb Safran, formerly a chief performance measurement and improvement officer at Blue Cross Blue Shield of Massachussetts, CNBC has learned. Safran… Continue reading Health Care Venture from Amazon, Berkshire and JP Morgan Just Hired First Female Exec
Jury Tells Aetna to Pay $25 Million to Late Cancer Patient’s Family
A jury has ordered Aetna to pay more than $25 million to the family of an Oklahoma City woman who died a year after the insurance company refused to cover a type of radiation therapy. Jurors found that Aetna doctors didn’t spend enough time reviewing Orrana Cunningham’s case before denying her coverage for proton beam… Continue reading Jury Tells Aetna to Pay $25 Million to Late Cancer Patient’s Family
Veritas Capital, Elliott to Buy Athenahealth for $5.7 Billion
Private equity firm Veritas Capital and hedge fund Elliott Management are buying Athenahealth Inc for about $5.7 billion, the U.S. healthcare software maker said on Monday. The all-cash deal values Athenahealth at $135 per share, representing a premium of 12.2 percent to the stock’s closing price on Friday. Reuters reported on Sunday that Athenahealth had… Continue reading Veritas Capital, Elliott to Buy Athenahealth for $5.7 Billion