In a lawsuit seeking to block the merger of health insurance companies Aetna and Humana, the U.S. Department of Justice cited decreased competition on state individual health insurance exchanges as one reason why the merger shouldn’t happen.
The basic principle behind the Affordable Care Act was that by requiring all Americans to have health insurance, people would pay for insurance even when they weren’t sick, making the risk pool bigger and letting insurers cover more services and people who are already sick. Insurance companies say that it isn’t working out that way, though. Insurance giant Aetna announced that it will leave individual insurance exchanges in 11 out of the 15 states where it does business. [More]
A man who briefly worked for a company owned by Lowe’s is at risk of losing his current medical insurance after finding out that the home improvement retailer took out a health insurance policy in his name after he stopped working there. [More]
We closed out 2015 with the health insurance market poised to get a lot smaller, as Anthem proposed to by Cigna and Aetna said it would buy Humana. If both mergers go through, the number of large nationwide health insurance carriers would drop to just three… a big challenge in a U.S. that’s seen the market for health insurance expand since the Affordable Care Act went into effect. And if reports are true, the Justice Department may feel that’s just too much contraction.
What a difference a month makes: Just a few weeks ago, Cigna rejected Anthem as a suitor, citing things like the major data breach the company suffered earlier this year and turning down its $47 billion merger bid. It seems Anthem has been busy a-courtin’, as the company announced this morning that it’s reached a deal to buy Cigna for $54 billion, effectively creating an insurance giant.
Video game giant Electronic Arts stepped into the Worst Company In America nonagon of unpleasantness this morning crowned with two Golden Poos and with the confidence that the tournament’s only two-time winner deserves. But in the end, it wasn’t EA that was carried out of the arena in victory — it was Time Warner Cable. [More]
After going through all of your nominations, then having y’all rank the contenders and eliminate the chaff from the wheat, we’re proud to present the first round match-ups for this year’s Worst Company in America tournament! [More]
After sorting through a mountain of nomination e-mails, we’ve whittled down the field of competitors for this year’s Worst Company In America tournament to 40 bad businesses. Here’s your chance to have your say on how these players will square off in the bracket, and which bubble teams will get left out in the cold. [More]
We understand that hospitals often get patients using the emergency room as a “free” clinic, and that it may be less of a headache to turn unpaid bills over to a collections agency than it is to chase down debtors on your own. But hospitals shouldn’t be tossing patients to the collections lions if the patients’ insurance provider has already paid the bill. [More]
For many people, health insurance premiums take a sizable bite out of their paychecks. Which would be somewhat tolerable if insurance companies did anything to ease the process of actually receiving medical care. Heck, most of us would tolerate the pricey payments if insurers just did the bare minimum of what they are supposed to do and didn’t put up roadblocks to getting the proper care. And yet that simple concept appears to be too complicated for some insurance providers to grasp.
Talk about the power of social media — one graduate student battling Stage IV colon cancer in Arizona found out his Aetna health insurance plan had exceeded his $300,000 limit.He took to Twitter to express his frustration as his medical bills continued to grow and it turns out someone very influential was listening — the CEO of Aetna, who has subsequently agreed to pay “every last penny” of the man’s medical expenses and agrees that the healthcare system is broken.
The wonderful world of medical billing, where not up is down, left is right, and the patient is somehow the one left with a hefty bill if their surgeon screws up on the paperwork.
Health insurer Aetna has raised its rates for California small business clients considerably, making for an average increase of 8 percent, with some businesses seeing increases of as much as 21 percent. The California State Insurance Commissioner called the hikes “excessive.”
Riddle me this: Where can you buy into an online fitness program run by an insurance company? Why, at an electronics store, of course, and more specifically, Best Buy stores in certain Chicago locations.
The health insurance industry is generally known for its efficiency, generosity and — of course — for its customer-first attitude. That’s why it comes as such a shock that several of the more beloved insurance institutions like Wellpoint, Aetna, Cigna and United Healthcare have decided to stop selling you insurance policies for your sick children.
D. has a warning for people who are attending college after a stint in the grown-up workforce. She tells Consumerist that if you had health insurance through Aetna at your job, and your university provides student insurance through Aetna, this change will confuse Aetna’s system so thoroughly that everything you do will be billed to your old account number, forever and ever.
The showdown over skyrocketing insurance rates in California got even nastier yesterday. The state’s Attorney General’s office announced that it has subpoenaed financial documents and launched an investigation into allegations of illegal premium hikes and wrongfully denied claims by seven separate health insurance providers.