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
Tag: health insurance
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
HHS to Let Some Employers Opt Out of Birth-Control Mandate
The Trump administration will allow religious groups, nonprofits, small businesses and some other employers to opt out of a requirement under the Affordable Care Act to provide birth-control coverage for their employees, a victory for religious conservatives who mounted a yearslong legal battle to eliminate the mandate. The exemptions, which the department of Health and… Continue reading HHS to Let Some Employers Opt Out of Birth-Control Mandate
New Health Options for Small-Business Employees
As we have traveled around the country talking to small-business owners and American workers, we’ve consistently heard that health insurance is unaffordable and workers need more options. The data back up their concerns. As insurance costs have risen since 2010, the share of workers at firms with between three and 24 workers covered by employer… Continue reading New Health Options for Small-Business Employees
Google’s Former Head of Search Products Joins Insurer Anthem to Run its AI Group
Udi Manber, who ran engineering for Google’s core search products and previously held senior roles at Yahoo and Amazon, is joining health insurance giant Anthem as the head of artificial intelligence, according to people familiar with the matter. Manber’s new role involved running the AI group at Anthem and he’s expected to build out a… Continue reading Google’s Former Head of Search Products Joins Insurer Anthem to Run its AI Group
Aon Announces New Ventures Group and Appoints Chief Innovation Officer
Aon plc, the leading global professional services firm providing a broad range of risk, retirement and health solutions, has announced that it is taking another significant step to realize the full potential of its Aon United growth strategy by establishing a New Ventures Group and assigning a team of proven senior leaders to further accelerate… Continue reading Aon Announces New Ventures Group and Appoints Chief Innovation Officer
Premiums for Popular ACA Health Insurance Dip for the First Time
The average price tag for the most popular level of insurance sold in the Affordable Care Act’s federal marketplaces is dropping slightly, the first time the rates have stopped going up since the health plans were created a half-dozen years ago. In the 39 states that rely on HealthCare.gov, the monthly premium is dipping by… Continue reading Premiums for Popular ACA Health Insurance Dip for the First Time
Study: Insurers Returning to Pre-ObamaCare Profitability
Insurers in the individual market performed better financially in the first six months of 2018 than they have in all of the years of the Affordable Care Act, according to a brief released Friday. The brief from the Kaiser Family Foundation shows insurers returning to the levels of profitability seen before the passage of the… Continue reading Study: Insurers Returning to Pre-ObamaCare Profitability
Insurance Startups Have Raised Billions as Industry Players Fight Tech Disruptors
The once sleepy world of insurance has become the hot ticket for venture investors. Insurance technology companies have raised multiple billions of dollars in the past four years as venture capitalists finance industry disruptors and enabling technologies for established players to fend off new technology-based challengers. In the month since tech-enabled car insurance startup Root… Continue reading Insurance Startups Have Raised Billions as Industry Players Fight Tech Disruptors