Category: Insurance

Repeal and replace Obamacare? With what?

… Care Act proposal. The Affordable Care Act was a public option that applied only to the working poor unable to afford health insurance. Like Social Security, modest premiums would have been payroll deducted, and health care would have been …

Trump urges insurers to work together to a save Americans from Obamacarea

Health and Human Services Secretary Tom Price and Aetna CEO Mark Bertolini listen to U.S. President Donald Trump speak during a meeting with health insurance company CEOs. President Trump met with major health insurers Monday morning, in the midst of intensifying public pressure to preserve the law political divisions over how to best dismantle and replace President Obama’s signature domestic policy achievement, the Affordable Care Act.

Why Donald Trump and the GOP Can’t Repeal Obamacare

After Donald Trump campaigned for the presidency on the promise to repeal and replace Obamacare with ” something terrific ,” his administration has just released a set of tweaks to the health care law-and those tweaks all favor the insurance industry over ordinary Americans. The Affordable Care Act , which the GOP gleefully dubbed Obamacare, is clearly not good enough to serve all Americans well.

Valentine’s Day sees two big insurance breakups

It was a rough day for the already-roiled U.S. health insurance market: One giant merger was abandoned, another is threatened by infighting, and a major insurer announced it will stop selling coverage on public exchanges in 11 states. Both merger deals had already been rejected by federal regulators and judges, but the companies were considering appeals to those decisions.

2 big insurance breakups on Valentine’s Day

It was a rough day for the already-roiled U.S. health insurance market: One giant merger was abandoned, another is threatened by infighting, and a major insurer announced it will stop selling coverage on public exchanges in 11 states. Both merger deals had already been rejected by federal regulators and judges, but the companies were considering appeals to those decisions.

Cigna Sues Anthem After Ending Deal; Anthem Says It Has No Right

Simmering tensions between Anthem Inc. and Cigna Corp. exploded Tuesday as Cigna sued to end their $48 billion deal, and Anthem moments later said the smaller health insurer had no right to do so and that it would fight to keep the merger alive. As part of its lawsuit, Cigna is seeking a $1.85 billion breakup fee, plus $13 billion in additional damages it says are owed after “the path for regulatory approval of the transaction was fatally compromised” by Anthem.

Aetna, Humana call off $34 billion deal

Aetna and Humana called off a $34 billion proposal to combine the two major health insurers after a federal judge, citing antitrust concerns, shot down the deal. The announcement Tuesday comes several days after another federal judge rejected a tie-up between two other massive insurers.

A.M. Best Removes from Under Review and Takes Various Credit Rating…

A.M. Best Removes from Under Review and Takes Various Credit Rating Actions on Insurance Subsidiaries of Nassau Reinsurance Group Holdings, L.P. A.M. Best Removes from Under Review and Takes Various Credit Rating Actions on Insurance Subsidiaries of Nassau Reinsurance Group Holdings, L.P. A.M. Best has removed from under review with developing implications and affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Ratings of “bb+” of the key life/health subsidiaries of The Phoenix Companies, Inc. . Additionally, the Long-Term ICR of “b” of Phoenix and its existing Long-Term Issue Credit Ratings have been removed from under review with developing implications and affirmed.

US judge blocks Anthem-Cigna health insurance merger

A federal judge on Wednesday rejected Anthem Inc.’s bid to buy rival health insurer Cigna Corp., saying the merger would likely lead to higher costs, less competition and diminished innovation. U.S. District Judge Amy Berman Jackson said the merger would significantly reduce competition in the already concentrated insurance market, particularly for large national employers.

US judge blocks Anthem-Cigna health insurance merger

A federal judge on Wednesday rejected Anthem Inc.’s bid to buy rival health insurer Cigna Corp., saying the merger would likely lead to higher costs, less competition and diminished innovation. U.S. District Judge Amy Berman Jackson said the merger would significantly reduce competition in the already concentrated insurance market, particularly for large national employers.

Judge blocks Aetna’s $37 billion deal for Humana

A federal judge Tuesday blocked the merger of two health insurance giants, Aetna and Humana, upholding the Justice Department’s verdict that the proposed $37 billion deal would hurt competition. U.S. District Court Judge John Bates wrote in his opinion that the proposed merger would have decreased competition substantially in the Medicare Advantage market in 364 counties.

Federal judge swats Aetna-Humana insurer combo

… renewal payment, enter a vacation stop, report a missed delivery, or submit a complaint. A federal judge has rejected health insurer Aetna’s plan to buy rival Humana Inc. for about $34 billion and become a major player in the market for Medicare …

Federal judge swats Aetna-Humana insurer combo

A federal judge has rejected health insurer Aetna’s plan to buy rival Humana Inc. for about $34 billion and become a major player in the market for Medicare Advantage coverage. U.S. District Judge John Bates says in an opinion filed Monday that he largely agrees with federal regulators who contended that such a combination would hurt competition.

The giant Aetna-Humana merger has been blocked

The deal, in which Aetna proposed to buy Humana for $37 billion , has been ruled anticompetitive by US District Judge John Bates. “In this case, the government alleged that the merger of Aetna and Humana would be likely to substantially lessen competition in markets for individual Medicare Advantage plans and health insurance sold on the public exchanges,” Bates’ decision said.

D.C. Judge, Citing ‘Serious Concerns,’ Blocks Aetna’s $37B Merger With Humana

Aetna Inc.’s proposed $37 billion acquisition of Humana Inc., punctuating an era of antitrust enforcement under the Obama administration that broke up merger deals in a host of industries. Aetna’s deal and also moved to block Anthem Inc.’s proposed $54 billion acquisition of Cigna Corp. Antitrust enforcers alleged the two mergers would amount to an “unprecedented consolidation in the health insurance industry.”

Benefit Supper for Patrick Donovan and Family

On July 31st, 2016 Pat Donovan had a double lung transplant and he is doing well. To help with the cost of such a life changing illness and transplant, the Knights of Columbus along with many Parishioner’s and family members would like to invite everyone to participate in this event.

What’s next for the obamacare insurance exchanges?

Americans who buy health insurance through the Affordable Care Act marketplaces could have fewer health plan choices and face new enrollment hurdles and cost pressures in 2018, health policy analysts say. Lacking clarity on the future of the ACA, also known as Obamacare, several large insurers say they are weighing their options for 2018.