Recently the third largest insurer in the country revealed that they lost $300 million on their ACA book of business. Will there be options for consumers in 2017? The answer remains un-certain for now, but answers could come as soon as the end of this year.
As Aetna conducts a serious evaluation of where their future plans are with the public exchanges, this will have an indirect impact on you as an employer because more employees will be looking for coverage through work.
As a public service offering for the last four years, E.D. Bellis has been producing and sponsoring a weekly radio program that helps businesses and individuals like you understand the changes occurring in the healthcare and insurance industries.
America’s Healthcare Challenge is the first and most listened to radio program on the Affordable Care Act. Beginning in 2011 and entering it’s fourth season on News Radio 1290 KOIL, the show’s purpose is to inform the public by identifying important issues in the new healthcare law, clarifying myth, and both educating and warning small and mid-sized businesses about upcoming government penalties and regulations in real time so they have time to prepare accordingly.
In addition, this program reports the latest news in the healthcare and insurance industries, such as covering extensively the massive consolidation happening.
This week it was announced that Aetna and Humana and Anthem’s multibillion-dollar health insurance take over of Cigna may be decided by the end of 2016 according to the federal judge overseeing the U.S. Justice Department’s challenges. The other was was assigned to a different judge.
According to U.S. District Judge John Bates a year end decision was near impossible for the cases filed by federal officials could against Aetna’s $37 billion deal for Humana and Anthem’s $53 billion acquisition of Cigna by their requested year-end deadline, returning the Anthem-Cigna case back to the federal court for reassignment. U.S. District Judge Amy Berman Jackson will officiate the Anthem vs Cigna lawsuit with the goal of proceedings beginning late in 2016 or early 2017.
Jackson is throwing out December 2016 or January 2017 for the Anthem-Cigna trial.
On America’s Healthcare Challenge we looked at tools for selecting employee benefit plans in the upcoming 2017 renewal year. Listen to the series here and check out this page to sign up for our exclusive newsletter featuring the latest regulatory news.