Category: Insurance

Medicare Failed To Recover Up To $125 Million In Overpayments From Private Insurers

A Medicare Advantage plan run by Independence Blue Cross, headquartered in Philadelphia, was among those audited for overcharging by the federal government. Six years ago, federal health officials were confident they could save taxpayers hundreds of millions of dollars annually by auditing private Medicare Advantage insurance plans that allegedly overcharged the government for medical services.

Aetna Fight for Humana Awaits Judge’s Ruling in U.S. Case

Aetna Inc.’s fight to complete its purchase of Humana Inc. is now with a federal judge who must decide whether the combination of the two health insurers should be blocked because it risks raising consumers’ costs. U.S. District Judge John D. Bates in Washington heard final arguments Friday from the companies and the Justice Department about the $37 billion deal, which the government says should be stopped.

Aetna Fight for Humana Awaits Court Ruling in U.S. Merger Case

Aetna Inc.’s fight to complete it purchase of Humana Inc. is now with a federal judge who must decide whether the combination of the two health insurers should be blocked because it risks raising costs for consumers. U.S. District Judge John D. Bates in Washington heard final arguments Friday from the companies and the Justice Department about the $37 billion deal, which the government says should be stopped.

Lincoln Financial Group’s Nancy Smith Honored by Philadelphia’s…

Lincoln Financial Group announced today that Nancy Smith, vice president, senior counsel and assistant corporate secretary, has been honored by the Homeless Advocacy Project for her volunteer work facilitating and contributing to pro bono legal clinics. “The legal clinics sponsored by HAP play an instrumental role in transforming the lives of homeless individuals and families,” said Kirkland Hicks, executive vice president and general counsel for Lincoln Financial.