Cigna

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$48B Health Care Deal Could 'Reshape Industry'

Anthem-Cigna news comes just weeks after Aetna-Humana announcement

(Newser) - In a deal that the Wall Street Journal says could "reshape the US health industry," Anthem has agreed to buy Cigna for more than $48 billion—forming a combined entity that will cover more than 53 million people. Just weeks after Aetna announced it plans to acquire Humana... More »

Health Insurance Ads Go Cuddly

Firms shift marketing toward individual consumers

(Newser) - Health insurers are targeting a new audience: you. If the health care law's individual mandate remains intact, the companies could be looking at 120 million new potential customers by 2020, an analyst tells the New York Times . Regardless of the Supreme Court decision on the law, insurers believe the... More »

Health Insurance Execs Cash In, Jack Premiums

Those heading 5 biggest companies took home $200M

(Newser) - As their companies slammed policyholders with double-digit rate increases, top executives at the nation's five largest insurance companies gave themselves hefty raises last year, pulling in a total of almost $200 million. Of the heads of Cigna, Humana, UnitedHealth Group, WellPoint, and Aetna, only one took a paycut—Aetna's CEO... More »

Ex-Exec: Insurers Rip Off Customers

Senate panel hears of junk policies, efforts to dump sick peope

(Newser) - In the latest battle in the public vs. private health insurance debate, private insurers took a beating today on Capitol Hill. The gist, as presented by a Senate report and testimony from a former PR executive: Insurance companies routinely make consumers pay for bills the companies themselves should cover, sell... More »

US Insurers Warming to Medical Tourism

Sending patients to India, elsewhere could save $20B a year

(Newser) - If you’re in need of high-priced surgery, your insurance company might have a plane ticket for you. Insurers are starting to warm to “medical tourism” for the same reason uninsured Americans are: Surgery is significantly cheaper overseas. At least 150,000 Americans go abroad for medical procedures every... More »

Was Company at Fault in Teen's Death?

Edwards champions cause of young patient, but case is not clear

(Newser) - Seventeen-year-old Nataline Sarkisyan, who died waiting for a liver transplant in December, has become the poster girl for John Edwards' call for a government-run health plan. Insurance giant Cigna denied her family's claim for the procedure, then reversed its decision a month later. She died shortly thereafter. But the story... More »

'They Took My Daughter Away From Me'

Family plans to sue insurer after teen dies awaiting liver transplant

(Newser) - The family of a 17-year-old whose insurer had refused to OK a liver transplant plans to sue the company in the wake of the girl's death, the Los Angeles Times reports. Leukemia patient Nataline Sarkisyan died after Cigna HealthCare refused to fund the transplant despite doctors’ recommendations. After online and... More »

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