- Aetna resolves contracting issue with Jefferson hospital
Aetna Inc. and Jefferson Hospital stated Wednesday they signed a two-year contract renewal, ending a dispute that threatened to block in-network access to the hospital for thousands of individuals in the South Hills region of Pittsburgh.
- Aetna renews with Lincoln Health Network, squashing rumors:
When Aetna Inc. (NYSE: AET) and John C. Lincoln Health Network ended contract negotiations about a year ago, there were rumors that Scottsdale Healthcare’s contract renewal would fall through this year.
- Another pension plan defeat for Cigna
In 2011, the U.S. Supreme Court remanded the case, Amara v. Cigna Corp., to U.S. District Court in Connecticut, finding that the lower court had erred in granting relief to the plaintiffs under Chapter 502(a)(1)(B) of the Employment Retirement Income Security Act of 1974, which enforces the terms of a pension plan.
- Lina Korea investigating selling travel insurance:
“Cigna has an interest in Korea’s travel insurance business, although I’m not sure when it will move,” said a source familiar with the matter, asking not to be named. The Korea Times sent an e-mail to Cigna’s media office to confirm the comment, but the office has not responded yet.
http://www.koreatimes.co.kr/www/news/biz/2015/01/488_170986.html
- Lexington settles with United over coverage issues:
Lexington Insurance Co. and Sierra Health Services Inc. entered a confidential settlement Thursday in Nevada federal court releasing a $2 million policy to Sierra Health and ending litigation over Lexington’s duty to defend the health insurer in an underlying class action over a hepatitis C outbreak.
http://www.law360.com/articles/609679/lexington-settles-with-united-health-cos-in-coverage-row
- The Bullish and Bearish Case for UnitedHealth in 2015
Who would have guessed when the Affordable Care Act was first introduced that UnitedHealth and the top insurers in the country would rise to all-time highs. Hint: insurance executives and insiders were scared to the point that they decided the best way to survive was to broaden out their reach by consolidating the health insurance industry via mergers. This stock has also risen about 400% since the panic selling lows of March 2009.