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 [...] [...]
Humana will cut its work force by 5 percent, or 1,400 people, during 2010, the result of lower enrollment rates at the insurance company. The company plans to reduce the impact of 2,500 job cuts by adding 1,100 jobs in medical-cost containment, pharmacy management and specialty products – the company’s growth areas. Humana said the [...] [...]
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 [...] [...]
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 [...] [...]
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