INSURASALES

Tag: Regulatory News

Alignment Healthcare Wins Court Case Raising Medicare Advantage Star Rating to 4 Stars

Alignment Healthcare successfully raises its Arizona HMO star rating from 3.5 to 4 stars after a federal court ruling, impacting Medicare Advantage member care and CMS bonus payments.

Sumitomo Life to Acquire Dearborn Group's U.S. Group Life and Disability Business

Sumitomo Life Insurance is acquiring Dearborn Group's group life and disability business in the U.S. through Symetra Financial, aiming to enhance growth and profitability. Completion is expected by 2025 after regulatory approval.

Centene Q1 2025 Earnings: $1.3B Net Income, Membership Trends, and Industry Updates

Centene posted $1.3 billion net income and $46.6 billion in Q1 revenue with stable medical loss ratio. Medicaid membership declined 2.5%. UnitedHealth CFO was highest paid in 2024; Cigna declared a $1.51 dividend.

Mehmet Oz Pledges Healthcare Modernization and Fraud Reduction at CMS

Mehmet Oz has commenced his leadership at CMS with plans for healthcare modernization and a crackdown on fraud. These changes aim to enhance care for America's most vulnerable groups while aligning Medicaid spending with its fundamental aims.