Express Scripts Holding Co. said it’s still working to resolve its contract dispute with Indianapolis-based insurer Anthem Inc., which has claimed it should be getting much more in savings from the pharmacy benefit manager.
The Indianapolis-based insurer is eking out a small profit from selling policies to individuals under the Affordable Care Act, but many of its rivals aren’t.
The Indianapolis-based health insurer Anthem Inc. saw medical enrollment slip and overhead rise in the fourth quarter, pushing down profit by 64 percent. Shares fell more than 3 percent Wednesday morning.
Cigna Corp., which has agreed to a $48 billion merger with Indianapolis-based Anthem Inc., has committed systemic violations that threatened patients’ health, U.S. regulators say.
Anthem, which contracts with Express Scripts to manage drug costs for its members, said the pharmacy manager should be passing along about $3 billion a year more in the savings it negotiates from drug companies.
Investors bid up shares of Anthem Inc. on Tuesday morning after the Indianapolis-based health insurer said its health plan membership ended the year at higher levels than expected.
Anthem’s retirement plan is accused in a lawsuit of forcing about 60,000 workers and retirees to pay excessive fees by having to invest in Vanguard Group funds billed as low-cost options.
With Aetna’s departure, two of the five biggest public U.S. health insurers will have ditched America’s Health Insurance Plans. The other three—Anthem Inc., Cigna Corp. and Humana Inc.—are still members
Anthem Inc.'s board has named CEO Joseph R. Swedish as chairman, consolidating leadership roles that were once an impediment to its planned $48 billion combination with rival health insurer Cigna Corp.
Lots of investors are betting health insurance giants Anthem Inc. and Cigna Corp. won’t ever make it to the altar—an outlook driven by concerns antitrust regulators or other obstacles will prevent consummating the $45 billion deal.
More than 99 percent of the shares voted were cast in favor of the deal during a 5-minute meeting Thursday morning at the downtown Conrad Indianapolis hotel, according to Anthem officials.
Two of the nation's three largest health insurers are trying to ease investor and customer concerns a day after their biggest competitor questioned its future on the Affordable Care Act's public insurance exchanges.
Anthem Inc. and Aetna Inc. are on the hot seat now that UnitedHealth Group Inc. appears unlikely to linger as a seller on the Affordable Care Act’s government-run markets.
Insurer UnitedHealth Group, which has 28,000 Obamacare customers in Indiana, said it might quit selling plans under the Affordable Care Act. Thursday’s announcement took a toll on health insurance stocks, including Anthem’s.
Assistant Attorney General William Baer said that consumer choice is a bigger priority than health companies’ desire to add market share and gain leverage over providers like hospitals.
Anthem Inc. shouldn’t be permitted to buy Cigna Corp. and Aetna Inc. should be blocked from acquiring Humana Inc., the American Medical Association said in a letter Wednesday to the head of the Justice Department’s antitrust division.
Slipping enrollment has done little to shake the faith that the nation's biggest health insurers, including Anthem, have placed in the Affordable Care Act's public insurance exchanges.
Anthem’s third-quarter profit rose nearly 4 percent as it added 174,000 health plan members. Its Medicaid, local employer and national employer segments all grew, although its individual business saw losses.
Shares in Anthem Inc. and Cigna Corp., which agreed to a $48 billion deal in July, continued to slide Thursday after presidential candidate Hillary Clinton said mergers in the industry deserve more scrutiny.
Presidential candidate Hillary Rodham Clinton warned Wednesday that the planned $48B deal could stifle competition between health insurers, including in the early battleground state of New Hampshire.
