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 top six [...] [...]
State employees who choose to purchase their own health insurance using state money have a new option: United Healthcare.
The state chose United for its self-funded insurance program, but other insurance companies are still being used for other state employees. About 32,000 people opt for the self-funded insurance programs.
The five-year contract is effective July 1.
At least [...] [...]
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 were accused of [...] [...]
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 funding was dependent [...] [...]
Cigna, United Healthcare, and Anthem Blue Cross and Blue Shield plan to cover H1N1 vaccination costs for members.
United Healthcare will reimburse clients the cost of administering the vaccination if it is not covered under current plans or if employers do not pay for the vaccination.
Blue Cross will move the antiviral medications Tamiful and RElenza to [...] [...]
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