Will Elevance’s Louisiana acquisition kick off BCBS consolidation wave?
The proposed purchase reminds some industry experts of a period beginning in the 1990s, when nonprofit BCBS plans were acquired by for-profit groups.
Upcoming Medicaid redeterminations could hamper hospitals, payers
Medicaid eligibility checks beginning in April will likely curb hospital revenue and enrollment growth for payers, Moody’s Investors Service said in a report.
Record-breaking 16.3M people signed up for ACA coverage
The enrollment numbers reflect a broader push in policy from the Biden administration aimed at increasing healthcare insurance coverage, especially during the COVID-19 pandemic.
Elevance reports $6B profit in 2022 on higher medical membership
The results come days after the insurer said it plans to buy Blue Cross and Blue Shield of Louisiana, a deal that would expand its reach to 15 states.
More states propose nurse staffing, ratio laws
Lawmakers in three states will consider legislation around healthcare worker staffing and nurse-to-patient ratios after the pandemic caused the industry to suffer major workforce challenges.
Intermountain Healthcare launches rebrand, ditches ‘care’
The new name reflects the system’s mission to keep people healthy beyond the traditional healthcare setting, Intermountain said.
Amazon doubles down on generic drugs with new RxPass subscription
RxPass will run Prime customers $5 per month to fill prescriptions from a list of about 50 generic medications.
CVS, Rush partner on new ACO for Chicago Medicare patients
Rush University will be the only Chicago-area academic medical center participating in CVS’ first accountable care organization in ACO REACH.
Elevance to acquire Blue Cross and Blue Shield of Louisiana
The deal will add 2 million members to Elevance’s roll and push the insurer into its 15th state.
US to jack up fees for big mergers
Filing fees are expected to soar this year and companies will need to prepare for increased regulatory scrutiny of M&A deals.