As unemployment soars, an estimated 25 million to 43 million people will lose their employer-sponsored health insurance coverage in the coming months, according to a new study. Before the COVID-19 pandemic, about 160 million people nationwide under the age of 65 got their health insurance through their jobs. Between March 15 and April 25, 30… Continue reading Up to 43 Million Could Lose Employer-Sponsored Health Insurance
Tag: Medicare
UnitedHealth CEO Says ‘Medicare for All’ Would ‘Destabilize the Nation’s Health System’
UnitedHealth Group CEO David Wichmann warned investors on Tuesday that “Medicare for All” proposals pushed by Democratic lawmakers and presidential candidates would “destabilize the nation’s health system.” A number of Democratic proposals call for eliminating private health insurance and replacing it with a universal Medicare plan, claiming it would help reduce administrative inefficiencies in the… Continue reading UnitedHealth CEO Says ‘Medicare for All’ Would ‘Destabilize the Nation’s Health System’
The $9 Billion Upcharge: How Insurers Kept Extra Cash from Medicare
Each June, health insurers send the government detailed cost forecasts for providing prescription-drug benefits to more than 40 million people on Medicare. No one expects the estimates to be spot on. After all, it is a tall order to predict the exact drug spending for the following year of the thousands of members in each… Continue reading The $9 Billion Upcharge: How Insurers Kept Extra Cash from Medicare
Aetna to Sell Medicare Part D Drug Business to WellCare Health
Aetna Inc. said Thursday it agreed to sell its Medicare Part D prescription business to a WellCare Health Plans Inc. subsidiary, as the company waits for its merger with CVS Health Corp. to be approved by federal and state officials. The deal with the WellCare subsidiary will be effective at the end of this year,… Continue reading Aetna to Sell Medicare Part D Drug Business to WellCare Health