Search Results for anthem cigna

Scary Monsters, Take 2: Amazon, Berkshire Hathaway, JPMorgan Chase’s addressing employee healthcare

...the usual premium increases. Ask any individual buyer of health insurance what their costs were in 2012 versus 2017, and that’s not due to any tapeworm. Forbes Conspicuously not mentioned were doctors, nurses, and other healthcare providers. How will this overworked, abused, and stressed-out group, on whose shoulders all this will wind up being heaped, fare? And what about hospitals and their future? Health systems? The questions will multiply. Disruption is now the thing this year. Of course, shares of healthcare companies took a beating today, many of which do business with these three companies: CNBC names Cigna, Express Scripts,... Continue Reading

Analysis of the CVS-Aetna merger: a new era, a canary in a mine–or both?

...clinics. But this alliance of hospitals with retail clinics, including Walgreens Boots, may be too little, too late for hospitals. How CVS’ chief competitor, Walgreens Boots, is reacting is–not much, according to this report in Crain’s Chicago Business. It will continue on a path of partnering with other PBMs and insurers, as well as boost its front of store operations in areas like food and cosmetics. But then, there’s always Anthem or Cigna–or fitting into giant UnitedHealth Group, which already has urgent care clinics, practices, surgery centers under OptumCare, and lacks retail outlets. Stay tuned. CVS-Aetna joint release, MedCityNews... Continue Reading

CVS’ bid for Aetna–will it happen, and kick off a trend? (updated)

...supplies–plus relationships with many hospital providers (see list here)–this Editor is the first to note this CVS relationship with providers. We will be in for more regulatory drama, of course–and plenty of competitor reaction. Can we look forward to others such as: Walgreens Boots with Anthem or Cigna (currently at each others’ throats in Delaware court) Other specialized, Medicare Advantage/Medicare/Medicaid networks such as Humana or WellCare? Will supermarkets, also big retail pharmacy providers, get into the act? Publix, Wegmans, Shop Rite or Ahold (Stop & Shop, Giant) buying regionals or specialty insurers like the above, a Blue or two, Oscar,... Continue Reading

It’s all hackable by Black Hats: pacemakers, Amazon Echo, trains, heart monitors, prison cells!

...and malware uploaded to be turned into listening devices, according to MWR InfoSecurity. And Anthem gets no respect. After suffering its 2015 data breach of 80 million members–and spending $115 million to settle the lawsuit–there’s a third-party contractor, LaunchPoint Ventures, who decided that no one would notice if 18,500 patient records were sent to a home email a year ago. Actually, it was noticed after the contractor was nabbed for unrelated “identity theft-related activities” this past April. More ‘splainin’ to do to HHS, surely, after filing their July 24 report. At least it’s not an IoT breach! Healthcare Dive... Continue Reading

Shouldn’t we be concentrating on digital therapeutics rather than ‘health apps’?

...both data and behavior change, focusing on a specific but important (again) condition, coach to change behavior and verify results rigorously through clinical trials. Some, like Omada Health, prove through those clinical trials that their program successfully changes pre-diabetic indicators, such as weight loss, decrease cholesterol and improved glucose control–without medication. This results in big savings for insurance companies, one reason why a $50 million Series C was led by Cigna. Another model is to work with pharmaceutical companies to better guide treatment. Propeller Health with its asthma/COPD inhaler tracker is partnering with pharma GlaxoSmithKline on a digital platform to... Continue Reading

The End or Beginning? Anthem ends Cigna merger, won’t pay breakup fee, seeks damages (updated)

...click to enlarge Updated. Anthem on Friday 12 May beat Delaware Chancery Court’s Judge Travis Laster’s ticking clock [TTA 11 May], and finally, formally called off its merger with Cigna. Instead of sighs of relief and seeking oblivion in a few bottles of adult beverages, Anthem still won’t stop and let Cigna go. Anthem now refuses to pay the breakup fee per their agreement, claiming once again that Cigna sabotaged the merger, and wants blood from that rock. From the Anthem announcement: In light of yesterday’s decision and Cigna’s refusal to support the merger, however, Anthem has delivered... Continue Reading

Anthem-Cigna breaking: lawyers may talk, but Cigna gets to walk–and it continues in court

...click to enlarge Breaking, with a whimper. This evening (11 May), the Delaware Court of Chancery released its ruling denying a 60-day injunction requested by Anthem to prevent Cigna from ending their merger. The original merger agreement had an end date of April 30. Judge Travis Laster stayed the implementation of his ruling until Monday noon to give Anthem a chance to appeal to the Delaware Supreme Court. Reuters Is this The End? In this Editor’s opinion, yes, the petition to the US Supreme Court for a writ of certiorari notwithstanding. I stand by my Monday observation that... Continue Reading

Better than ‘Dallas’? Anthem and Cigna in Delaware court (updated); Anthem’s SCOTUS appeal

...Department of Justice (DOJ) and 11 states. Update: In Delaware Chancery Court May 8, Anthem requested a 60-day preliminary injunction to prevent Cigna from ending their merger. This was in a hearing on the February restraining order that Anthem received to block Cigna’s exit, filed in that court, from the merger after the District Court decision. Vice Chancellor Travis Laster said (after five hours of argument) that he would rule as soon as possible. Reuters New: Even Judge Laster admits it’s a ‘long shot’ that Aetna could find a path to success after two courts turned down the merger. Cigna’s... Continue Reading

Anthem to Cigna: This merger is on, despite the appeals court decision, but the clock is ticking

...the transaction and are currently reviewing the opinion and will carefully evaluate our options.” Court decision in full. Healthcare Dive. MedCityNews. To recap other recent developments: In February, the two insurers were filing and counter-filing each other in Delaware Chancery Court–Cigna to end their merger, Anthem to continue. Last Wednesday (19 April), Anthem filed an injunction to prevent the deal from expiring as per the merger agreement on 30 April. This injunction may be heard by the Chancery Court on 8 May, according to Anthem documents, but the main court documents are still under seal. (Law 360, via Healthcare Dive... Continue Reading