Live Insurance News

Largest health insurance acquisition ever of Humana by Aetna

July 6, 2015July 4, 2015 G. Turner

This is the largest deal that the industry in the company has ever experienced, as the rivals combine. American health insurance company, Aetna Inc. has now announced that it will be purchasing its smaller competitor, as it enters into the largest industry deal that the country has ever seen. The purchase is being made for approximately $37 billion in cash and stock, according to initial reports. Once these two health insurance companies are joined, it will bring Aetna considerably closer to the second place position that is currently held by…

Health insurance provider hit with major fine in Missouri

May 22, 2015May 20, 2015 S.Vagus

Aetna faces $4.5 million fine for violating insurance laws in Missouri Missouri Governor Jay Nixon has announced that health insurance provider Aetna will be paying $4.5 million in fees for violating state law. One of these violations has to do with Aetna covering elective abortions even though some policies did not allow for such coverage. This represents the single largest insurance penalty imposed against a company in Missouri’s history. Notably, the health insurance company is holding itself accountable for any violations of state law, also acknowledging that it had violated…

Health insurance provider breaks regulations in North Carolina

March 11, 2015March 9, 2015 Nordstrom

Aetna could face fines and other penalties from state regulators for numerous infractions Health insurance provider Aetna has run afoul of North Carolina’s insurance regulators. According to the North Carolina Department of Insurance, the company has sold policies to several hundred consumers without the state’s approval. The agency approved these policies in order to ensure that people do not lose their health insurance coverage, but Aetna may be subject to fines and other penalties for selling insurance products without the states authorization. Company reports its own infractions, which may have…

Aetna to acquire health insurance exchange technology developer Bswift

November 6, 2014November 5, 2014 Logan B.

Trumpcare health insurance investigation

Aetna announces acquisition of Bswift, developer of exchange technology Aetna, one of the largest insurers in the United States, has announced that it has reached a deal to acquire a privately held company responsible for developing technology used in health insurance exchanges. The company, called Bswift, creates cloud-based technology that helps people shop for coverage through state-based exchanges. This technology is meant to be used by employers and exchanges alike and is designed to be consumer friendly rather than have a specific focus on businesses. Company’s technology used to help…

Health insurance for business customers to be sold at Sam’s Club

October 27, 2014October 25, 2014 G. Turner

At the same time that these shoppers are buying large sized containers of coffee, they may also shop for coverage. Small businesses are now beginning to make the decisions that are required of them in order to be able to comply with the Affordable Care Act, which states that employers must offer health insurance to their workers, and now Sam’s Club is going to enter into the market that sells this coverage. The Wal-Mart Stores wholesale retailer division has announced that it will start selling private plans. It will be…

State agency modifies health insurance rate increase proposals

October 13, 2014October 11, 2014 Logan B.

Connecticut Insurance Department modifies some proposals, rejects others The Connecticut Insurance Department has modified rate proposals from health insurance companies for policies that will offer coverage in 2015. The agency has modified rate proposals from some of the state’s largest insurers, including Aetna and UnitedHealthcare. Some rate proposals were rejected, while insurers were required by the agency to change their proposals in order to reduce the financial pressure that consumers experience from the coverage. Some of the rate proposals that the agency has modified have to do with policies that…

Arizona releases information on its health insurance exchange

September 30, 2014September 27, 2014 S.Vagus

Open enrollment is coming and Arizona has released information that may be useful to consumers Open enrollment for health insurance exchanges throughout the U.S. is about to begin and many states are beginning to release information concerning the policies that will be available for 2015. In Arizona, ten insurers will be offering individual insurance plans through the state’s exchange. Arizona’s exchange is managed by the federal government, which has been working to resolve technical issues with its exchange network before the open enrollment period begins. If these issues are not…