The insurer’s bid is preliminary and kicks off an auction for the debt-laden provider, which decided to pursue bankruptcy after discovering it owed Medicare hundreds of millions of dollars.
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CVS plans to appeal the judgment, which comes after a jury ruled that its long-term care pharmacy benefits manager illegally charged Medicare, Medicaid and Tricare for prescription drugs for almost a decade.
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The first-of-its-kind research suggests vertical consolidation is being driven by plans wanting to direct more Medicare Advantage members to in-house clinics.
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This playbook explores how healthcare organizations can secure data with privacy vaults while maximizing AI’s potential for improved outcomes.
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UnitedHealth and Centene both pulled their outlooks this year over elevated medical spending in Medicare Advantage and the Affordable Care Act respectively. Now, cost pressures are hitting their smaller peer.
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Longtime insurance executive Mike Cotton will helm the company’s Medicaid division, while Bobby Hunter is stepping up as CEO of government programs.
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