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
Tag: 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