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Anthem’s Obamacare exit could leave 300,000 without options
The loss of another insurer in the program would put more pressure on Republicans in Congress who are attempting to repeal and replace large parts of Obamacare.
The loss of another insurer in the program would put more pressure on Republicans in Congress who are attempting to repeal and replace large parts of Obamacare.
One of the nation’s biggest health insurers says it will not return to Ohio’s public insurance exchanges next year, a decision that could open more holes in the Affordable Care Act’s increasingly thin system for helping people buy coverage.
People shopping for insurance through the Affordable Care Act in yet more regions could be facing higher prices and fewer choices next year. A new report shows Affordable Care Act premiums have soared since 2013.
At least half of the drivers in the Indianapolis 500 field get their life insurance from the same Indianapolis-based insurance agency.
The Carmel-based insurance holding company has selected its president, Gary Bhojwani, to succeed Ed Bonach, who has has held the top spot since 2011.
Five years of progress reducing the number of Americans without health insurance has come to a halt. It will be watched closely as Republicans attempt to roll back the Affordable Care Act.
The proposed $48 billion merger of Anthem and Cigna kept Wall Street experts guessing for months.
The decision makes it virtually impossible for Anthem to salvage the merger and means the insurer could be on the hook for $1.85 billion in breakup fees and $13 billion in damages to Cigna.
Carmel-based insurer Baldwin & Lyons Inc. wrote a record amount of premiums in its latest quarter, but overall profit dropped compared to the previous year.
Aetna has said it expects to lose more than $200 million on individual health plans this year in the four states where it’s still selling Affordable Care Act plans.
Health insurers are asking for sharp increases in the cost of their Obamacare plans next year. In the first states to make the latest rates public, premiums for Affordable Care Act plans will rise more than 20 percent on average.
Judge Travis Laster said during a hearing Monday that it’s a “long shot” that Anthem can find a path to success after two federal courts found the $48 billion merger was crippled by antitrust problems.
Health insurer Anthem Inc. is not ready to give up its $48 billion bid for rival Cigna and now hopes to find a favorable audience in the U.S. Supreme Court.
State Farm Mutual Automobile Insurance Co. said it plans to shut down 11 U.S. facilities, including its operations centers in Indianapolis and West Lafayette, displacing 620 people in Indiana and 4,200 workers overall.
The measure skirted through the House by a 217-213 vote, as all voting Democrats and a group of mostly moderate Republican holdouts voted no.
Republicans began pushing their prized health care bill through the House on Thursday, as the GOP sought a victory for President Donald Trump six weeks after nearly leaving the measure for dead.
Analysts say either Anthem or Cigna could make a move on Humana, which specializes in the fast-growing business of selling private health plans for the elderly.
The decision is a likely final blow to Indianapolis-based Anthem’s bid to complete the $48 billion merger, which a lower-court judge had said should be stopped because it risked undermining competition in health-insurance markets.
Express Scripts Holding Co. shares rose Wednesday after health insurer Anthem Inc., its biggest client, said it hasn’t ruled out using the pharmacy benefit manager after their contract expires.
Health insurer Anthem Inc. threatened to raise rates for its Obamacare plans next year if the U.S. government stops funding subsidies for lower-income customers. The insurer is also considering exiting some Affordable Care Act markets altogether.