Health insurers Anthem, Aetna, Humana and UnitedHealth Group are investing in housing, mental health counseling and even food to address “social determinants of health.”
CVS Health executives appear confident the acquisition of Aetna will survive antitrust scrutiny though there may be divestitures where the two sell overlapping Medicare drug coverage.
CVS Health said its retained share of rebates negotiated with drug makers this year comes to 2%, which translates to $300 million or 3% of the company’s annual earnings per share.
California’s Insurance Commissioner urged the U.S. Justice Department to block the merger of CVS Health and Aetna, saying it would “have significant anti-competitive impacts on American consumers.”
Wellcare Health Plans it plans to use its acquisition of new Meridian health plans and PBM as a platform for multi-state growth in managing Medicaid and Medicare health and drug benefits.
Health insurer Centene and Ascension, the nation’s largest Catholic and nonprofit hospital system, announced plans to form a Medicare Advantage plan to begin operating in 2020.
Health insurers are increasing budgets for marketing and expansions for Obamacare coverage amid attacks on the Affordable Care Act by the Trump administration.