Category: Enterprise Tech

Centene reported nearly $850 million in first quarter profit as membership grew by 1.9 million thanks to an increase in enrollment in Medicaid, Medicare and Obamacare plans, the company said Tuesday.

Anthem’s first quarter profits reached $1.8 billion thanks to strong enrollment in its Medicaid and Medicare Advantage plans.

UnitedHealth Group’s profits eclipsed $5 billion in the first quarter thanks to Optum health and seniors flocking to the company’s Medicare Advantage plans.

Health insurance premiums in the Affordable Care Act marketplace, also known as Obamacare, declined in most states in 2022 for the third straight year.

Michael Neidorff, the longtime chief executive officer of Centene has died, the company confirmed Thursday. He was 79.

UnitedHealth Group’s Optum health services business will pay $5.4 billion for LHC Group, a national provider of home healthcare services.

Centene has promoted Sarah London to the job as Chief Executive Officer, succeeding the retiring Michael Neidorff, the health insurer announced Tuesday afternoon.

Highmark Health, parent of Blue Cross and Blue Shield plans in four states, reported $440 million profits for 2021.

UnitedHealth Group outlined benefits of its Optum unit’s proposed $13 billion acquisition of the software and data analytics firm Change Healthcare in response to the Justice Department’s challenge of the deal.