WellPoint’s national business only bright light in first quarter
WellPoint Inc., the nation’s largest health insurer, saw an increase in its national business in the first quarter, while other segments experienced losses as a result of the economy. Angela F. Braly...
View ArticleNew York Aetna health, life subsidiaries ratings affirmed
Noting several factors, including steady membership and premium revenue growth, A.M. Best affirmed the ratings of the majority of the insurance and HMO subsidiaries of Aetna Inc. The ratings service...
View ArticleEconomy forces Aetna to eliminate 1,200 jobs over next four months
Citing the economy’s impact on its customers, one of the nation’s largest health insurers is eliminating about 1,200 jobs between now and March 2010. Aetna announced that it is reducing its workforce...
View ArticleMedicaid, senior products make up for carriers’ commercial losses
The nation’s eight largest health insurance companies collectively lost 836,000 members in the first six months of the year, as commercial enrollment sagged. Those commercial losses were offset by...
View ArticleBlue Cross affiliates’ membership total sagging slightly
The national federation of Blue Cross and Blue Shield licensees saw a small decrease in the number of people it provides health insurance coverage to, according to a new analysis. As of June 30, the 39...
View ArticleEconomy, recession continue to hurt top health plans’ membership
Membership in the nation’s top health insurance plans fell by 1.3% in the third quarter of 2009, as the recession and high unemployment rates battered enrollments, according to a new report. The...
View ArticleWellPoint cuts employee stock grants
National health insurer WellPoint, parent company of Anthem, is cutting stock grants to employees to control costs as it prepares for lower earnings this year. Some employees will stop being eligible...
View ArticleHealth insurer Humana to cut 2,500 jobs this year
Calling it a “regrettable but necessary” reduction of its workforce, Humana announced it will cut 2,500 positions this year, but balance that with 1,100 additional jobs in some departments, including...
View ArticleAmerigroup sees increases in net income, membership
Amerigroup Corp. said its net income for the fourth quarter increased by about $5 million and its membership rose by 13.2%. The Virginia Beach, Va.-based company, which provides publicly funded health...
View ArticleAetna’s membership stagnant, even as economy improves
Aetna, the national health insurance company based in Hartford, Conn., says its membership has not increased as a result of the declining national unemployment rate. Aetna’s drop in worker with health...
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