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Keyword: healthcareinsurer

Brevity: Headers | « Text »
  • UnitedHealth loses $720 million offering plans under Obamacare, may withdraw next year

    01/19/2016 7:31:34 PM PST · by Zakeet · 21 replies
    Washington Times ^ | January 19, 2016 | Tom Howell Jr.
    The nation's largest insurer said it booked $720 million in losses last year by offering plans under Obamacare, and warned Tuesday that it might still withdraw altogether from the health law by next year. UnitedHealth Group told investors that it expects more losses due to Obamacare in 2016, countering an otherwise upbeat earnings report for the company, and serving as a challenge to President Obama, who wants to leave the law on firmer footing. The administration brushed off the news, saying other major insurers are sticking by the exchanges and that it is focused on the final two weeks of...
  • Health insurer Anthem to buy Cigna in $54.2 bln deal [Bernie Sanders approves]

    07/24/2015 3:52:55 AM PDT · by markomalley · 12 replies
    CNBC ^ | 6/24/15
    Anthem said on Friday it would buy Cigna in a deal valued at $54.2 billion, creating the largest U.S. health insurer. Cigna shareholders will get $103.40 per share in cash and 0.5152 Anthem shares. The deal comes three weeks after Aetna struck a deal to buy Humana for $37 billion and is part of an industry-wide consolidation of the health insurance industry following the roll-out of the Obama government's health-care reform law.