From Inside Health Insurance Exchanges - May 3 was the application deadline for submitting applications to sell coverage through federally facilitated exchanges. A CMS spokesperson declined to tell HEX how carriers have people applied. Late last month, Gary Cohen, director of the Center for Consumer Information and Insurance Oversight (CCIIO), estimated that 140 carriers had started the application process, according to a Politico blog. It’s unclear how CCIIO is counting those applicants. Read more
From Health Plan Week - Professional employer organizations (PEOs) are nothing new, having been around for 30 years or so, but industry operators report growing interest of late from small and medium-size businesses concerned about their ability to meet requirements of the Affordable Care Act (ACA). Read more
From AIS's Health Reform Week - Despite withering attacks from virtually all Republicans and growing concerns from some Democrats, the Obama administration remains steadfast in asserting that the health insurance exchanges will be ready for business come October. President Obama and top officials from HHS are pushing back against critics — including those in their own party — who claim efforts are lagging in the monumental effort to implement the marketplaces in all 50 states and the… 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 - Coinciding with big-dollar transactions made by two of the three publicly traded PBMs, top executives’ pay continued to rise at double-digit rates in 2012, in large part due to increases in incentive rewards, according to AIS’s review of company proxy statements filed with the Securities and Exchange Commission. 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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