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In the not-too-distant future, your health insurance, your prescription drugs and some of your treatment may come from the same company.

A group of physicians in the Tampa Bay is working with insurance companies to keep patients healthy and out of hospitals, reports the Tampa Bay Times.

Cigna Profits As Medicare Softens Penalty Policy

Mar 14, 2016
Associated Press

Cigna will get to keep hundreds of millions of dollars in bonus payments for some of its Medicare Advantage plans, despite recently-imposed sanctions for mismanaging those plans in ways that federal officials said threatened seniors’ health and safety.

Licking Wounds, Insurers Accelerate Moves To Limit Health-Law Enrollment

Feb 4, 2016

Stung by losses under the federal health law, major insurers are seeking to sharply limit how policies are sold to individuals in ways that consumer advocates say seem to illegally discriminate against the sickest and could hold down future enrollment.

Florida’s Pam Bondi is one of 15 state attorneys general helping federal officials investigate two pending mega-mergers in the health insurance industry, Reuters News Service reported this week.

HealthCare.gov

Two insurers - Cigna and Preferred Medical Plan – aren’t offering plans on the Florida health care exchange in 2016, forcing more than 100,000 Floridians to shop for new coverage.

Cigna CEO: Marketplace Is Still ‘Version 1.0’

Dec 8, 2015
Associated Press

Cigna CEO David Cordani says the individual market created by the 2010 health law would be better off if insurers were given more flexibility in designing coverage, as well as a more compressed, focused open enrollment period.

Just days after UnitedHealth Group’s CEO said their move into the new marketplace was a mistake, Cordani reaffirmed that Cigna remains committed for 2016, although the firm is so far losing money on that business.

Florida insurance regulators this week will scrutinize two major health plan mergers.

WMFE

One of the nation’s largest drug testing laboratories will pay $256 million to settle allegations it over-billed the U.S. government for urine drug tests. The Justice Department found that Millennium Health billed the government for unnecessary urine drug tests and genetic testing.

Leaders of two major health insurers planning multibillion dollar acquisitions made their case to Congress that bigger can mean better in their industry, but concerns are being raised in Washington about how these deals will affect consumers and competition. 

Health insurer Anthem has struck a deal to acquire rival Cigna for $48 billion — a buyout that would create the country's largest health insurer by enrollment.

The combined entity would have an estimated revenue of $115 billion and cover 53 million people in the U.S.

Associated Press

Anthem says it still backs an approximately $47-billion bid to buy Cigna, a day after the rival health insurer delivered a caustic rejection of Anthem's proposed cash-and-stock offer.

Anthem CEO Joseph Swedish says the latest deal his company has offered Cigna will provide compelling value for shareholders, and his management team is confident it can deliver on that promise.

The Indianapolis-based Blue Cross-Blue Shield carrier has made several offers to buy Cigna, the most recent amounting to $184 in cash and stock for each Cigna share.

Associated Press

Health insurer Cigna Corp. has rejected a $47 billion offer to be acquired by its larger rival, Anthem Inc., saying the terms of the bid are inadequate and “woefully skewed in favor of Anthem shareholders.”

Cigna’s sharply worded rejection came just one day after Anthem went public with its cash-and-stock offer, which amounts to about $184 for each Cigna share or about an 18 percent premium on Cigna’s closing stock price on Friday.

Wikimedia Commons

Federal agents arrested 14 people after they planned to scam public schools and several companies out of more than $130 million in health insurance payments for bogus claims, the Miami Herald reports. The suspects operated a network of about 35 crooked clinics that received $15 million in payments for fraudulent claims for pain injections between 2012 and 2015.

Following in the footsteps of Cigna, Coventry Health Care has agreed to a deal with the Florida Office of Insurance Regulation to limit the costs of some HIV treatment drugs for consumers to $200 a month, the Miami Herald reports.

 

  Florida insurance officials are forcing the health insurance company Cigna to change its prescription drug policy to ensure that Florida consumers with HIV and AIDS can access their medications.

Insurers: 2015 Exchange Rates Could Spike

Jul 31, 2014

State insurance officials are preparing to release figures next week on how much health plans will cost under the Affordable Care Act for 2015, and rate increases seem inevitable as insurers say their new consumers are older and sicker than anticipated.

Wellcare Health Plans Inc.’s stock price jumped Thursday and opened at more than $67 a share on Friday following a report that the company will likely be acquired within the next 18 to 24 months. 

The most likely buyers are Cigna and Aetna, according to Leerink analyst Ana Gupte, the Tampa Bay Business Journal reports. Other analysts have suggested interest in WellCare by those mega-insurers in past years, however, and it hasn't happened yet.

Lottie Watts/WUSF / WUSF

More than half of the Medicare Advantage plans available for enrollment now in Florida for 2014 coverage earned a rating of at least four stars out of five, according to data organized by Avalere Health

Four Florida plans -- all sponsored by Cigna -- earned the coveted five-star rating: three plans in Bay County and one in Miami-Dade. There were no five-star Advantage plans available in 2013 anywhere in Florida.