From The AIS Report on Blue Cross and Blue Shield Plans - After a decade of having the business to itself, Blue Shield of California will be one of five health plan operators administering a new $14 billion, five-year contract for HMOs offered through the California Public Employees’ Retirement System (CalPERS). Blue Shield of California’s HMOs now cover more than 400,000 CalPERS members. Beginning on Jan. 1, 2014, Blue Shield of California will be joined by Health Net, Inc., WellPoint, Inc. subsidiary Anthem Blue Cross, Sharp Health Plan and UnitedHealth Group in administering HMOs for the program. Read more
From Health Plan Week - Despite the best efforts of a top CMS official to ease concerns over whether insurance exchanges will be ready to open on time this fall, it seems that nobody will be shocked if just such a delay occurs. Gary Cohen, director of CMS’s Center for Consumer Information and Insurance Oversight (CCIIO), on April 24 testified before a House Energy and Commerce oversight panel, and insisted all systems are go for… Read more
From Inside Health Insurance Exchanges - HHS’s decision to delay elements of the health reform law is prompting renewed speculation that the feds will push back the start of federally facilitated exchanges (FFEs). Others, however, caution that delay rumors are nothing new, and point to inaccurate predictions that the Supreme Court last June, and the presidential elections last fall, would delay or derail exchanges. In March, HHS indicated that a key feature of the Small Business Health… Read more
From Medicare Advantage News - Medicare Advantage plan sponsor Universal American Corp. is building a potentially substantial new business helping rural providers start MA plans of their own, sometimes in areas where the company itself has MA operations. Universal American will be supplying capital, taking risk and performing insurance-related functions in return for 50% of the net profits in an approach linked partly to aiding the providers as managed care business for Medicare-Medicaid dual eligibles… Read more
From Drug Benefit News - It’s been a year and a half since Pfizer Inc. lost patent protection on its blockbuster cholesterol-lowering drug Lipitor (atorvastatin) — which many contend was the last major expiration of the generics wave — and despite the manufacturer’s attempts to head off generic competition with copay coupons and other discount programs, new research estimates that the introduction of generic Lipitor has had a significant impact on utilization and costs in… Read more
From Report on Medicare Compliance - Compliance officers may grumble when they aren’t included in meetings with executives, but it’s up to them to insert themselves. Don’t wait for an invitation because you are, by definition, on the list. “Go to the meeting and bring donuts,” said attorney Brian Beard, director of compliance and ethics at McKesson Specialty Health in Houston. Similarly, consider revising the way you interact with departments, such as lab, pharmacy and radiology. Read more
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