WASHINGTON (Reuters) - The Obama administration stepped up pressure on health insurance companies on Thursday, calling on some of the top U.S. companies to be more public in explaining "jaw-dropping" rate increases to consumers. Health Secretary Kathleen Sebelius, following a White House ...
<div id="subtitle">UnitedHealth earnings fall on decline in investment income, shrinking margins but top views</div><div><p>UnitedHealth Group Inc. topped analyst expectations when it reported a slightly smaller first-quarter profit Tuesday, but company leaders say the sour economy is offsetting some of the gains the ...
<div><p>Humana Inc. said Wednesday it expects to lose 308,000 Medicare and Medicaid prescription drug members after raising its price, and Wall Street applauded the move — and said another health insurer could follow suit.</p><p>Late Tuesday, Humana disclosed that it expects to lose ...
<div><p>The American Medical Association is joining several state associations in suing health insurers Aetna Inc. and Cigna Corp. over a database they say was rigged to underpay doctors on out-of-network claims for more than a decade.</p><p>But Cigna says the rates doctors charge ...
<div id="subtitle">Judge grants preliminary OK to $900 million-plus settlement of UnitedHealth options lawsuit</div><div><p>A federal judge on Thursday gave preliminary approval to a $900 million-plus settlement that resolves a lawsuit pitting UnitedHealth Group shareholders against the insurer over its stock options.</p><p> ...
<div><p>The chief executive for managed care company UnitedHealth Group Inc. took a 36 percent compensation cut last year and received no option awards for the second year in a row, according to an Associated Press calculation of figures disclosed recently in a ...
<div id="subtitle">Former United Health CEO McGuire settles class-action lawsuit over options backdating case</div><div><p>Former UnitedHealth Group Chief Executive William McGuire will pay $30 million and return stock options representing more than 3 million shares to settle a class-action lawsuit.</p><p>The litigation ...
<div id="subtitle">Insurer UnitedHealth reports 3Q profit drop but reassures analysts on investment stability</div><div><p>UnitedHealth Group Inc. reported a 28 percent drop in third-quarter profit Thursday, but the insurer also reassured Wall Street with a performance that met or surpassed expectations in several areas.</p>< ...
<div><p>Congressional investigators said Wednesday two-thirds of the U.S. health insurance industry used a faulty database that overcharged patients for seeing doctors outside their insurance network, costing Americans billions of dollars in inflated medical bills.</p><p>The flawed database is operated by Ingenix, a subsidiary ...
<div id="subtitle">UnitedHealth gets military health contract worth up to $21.8 billion, Aetna wins $16.7B pact</div><div><p>The Pentagon said Monday it has awarded military health care contracts worth tens of billions of dollars to managed care providers Aetna Inc. and UnitedHealth Group Inc., deciding ...
