Republicans are touting their health plan as the right medicine for ailing insurance markets across the country, from Arizona to Tennessee. But California never landed in sick bay.
Category: Insurance
Trump urges insurers to work together to “save Americans from Obamacare”
President Donald Trump met with major health insurers Monday morning, in the midst of intensifying public pressure to preserve the law and political divisions over how to best dismantle and replace former President Barack Obama’s signature domestic policy achievement, the Affordable Care Act. The meeting included leaders from Blue Cross Blue Shield, Cigna, Humana, UnitedHealth Group, Aetna, Anthem, Kaiser Permanente and the industry lobbying group, America’s Health Insurance Plans.
The Latest: Buffett says $143B Unilever talks soured quickly
Warren Buffett says the proposed $143 billion offer to acquire Unilever, a deal with links to his company, fell apart quickly because the European company wasn’t interested. Buffett said Monday on CNBC that his Berkshire Hathaway and 3G Capital abandoned Kraft Heinz Foods’ bid for Unilever because they were interested only in a mutually agreed upon tie-up, not a hostile takeover.
What billionaire Buffett said in his annual letter to shareholders
The legendary investor also devoted a portion of his annual shareholder letter to pointing out some of his biggest mistakes Billionaire investor Warren Buffett used his annual letter to laud immigrants and their contribution to the growth of the US economy amid President Donald Trump’s anti-immigrant stance. “Americans have combined human ingenuity, a market system, a tide of talented and ambitious immigrants, and the rule of law to deliver abundance beyond any dreams of our forefathers,” he wrote in the letter to shareholders of his massive Berkshire Hathaway conglomerate.
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.
California High Court Gives Regulators Vast New Powers
President Donald Trump’s spate of executive orders has jump-started a national debate about the wisdom of executive edicts, especially those that stray into the area of lawmaking. While presidential orders grab the spotlight, the issues of administrative overreach and how to properly limit the power exerted by government officials are frequent subjects of court scrutiny at every level of our political system.
Anthem-Cigna Deal Cast by U.S. as Risk to Patients, Providers
Anthem Inc. and the U.S. Justice Department extended their clash over whether the insurer’s planned takeover of rival Cigna Corp. will raise costs, as government witnesses testified Friday that the deal will harm health-care providers and patients. Frank Gorse, a vice president at Patient First, which operates urgent-care centers in the Mid-Atlantic region, said he’s concerned the merger will squeeze providers due to Anthem’s lower payouts, harming patient services.