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Six biggest insurers on track to set record profits

The six largest investor-owned health insurance companies are on pace to post record profits this year. All six saw 22 percent increase in combined net income during the third quarter of 2010, according to figures complied by Health Care for American Now, a lobbying group in favor of health care reform. SEC filings show the… Continue Reading Six biggest insurers on track to set record profits

Aetna withdraws from Colo. small group market

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Aetna will no longer offer small group insurance in Colorado starting Friday, according to reports from Colorado Managed Care News. The insurance company decided it “could no longer meet the needs of our customers” while remaining competitive in the small group market. That group includes employers with between two and 50 people. Aetna declined to… Continue Reading Aetna withdraws from Colo. small group market

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Insurance division fines companies

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The Colorado Division of Insurance has fined three health insurance companies for violating the state’s insurance laws. Aetna Health Inc., Aetna Life Insurance Company and Cigna were fined after a review of their operations. Aetna Health paid a $294,000 fine, Aetna Life paid $330,000 and Cigna Healthcare was fined $32,000 for its violations. The Aetna companies… Continue Reading Insurance division fines companies

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Insurers step up to pay for Quitline

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Seven insurance companies have agreed to pay for their members to use Quitline, the state-sponsored smoking cessation program. The agreement will effectively save the program because the state’s budget crunch caused its budget to be slashed. Aetna, Kaiser Permanente, Humana, Cigna, Denver Health Medical Plans, Colorado Access and Rocky Mountain Health Plans will pay for members. QuitLine’s… Continue Reading Insurers step up to pay for Quitline

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DoD awards health provider contracts

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TriWest will once again provide the managed care support to the Department of Defense program for the state of Colorado. The Department of Defense announced the contract – estimated at a worth of more than $16.9 billion – earlier this week. The contract will assist the military health system in 21 other western and mid-western… Continue Reading DoD awards health provider contracts

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