Budgeting
Total estimated payments to IPFs are expected to increase by 2.4%, or $70 million, next year.
Aetna saw its medical benefits ratio increase months after CVS announced it would exit the ACA individual market due to struggling performance.
Cigna says it’s also “leaning in” to an arrangement with the government to reduce prior authorization.
The company updated full-year revenue expectations to at least $128 billion, a $2 billion increase over its prior projection.
While revenue is up, profit was just $3.4 billion in the quarter, while Optum was $6.6 billion below earnings expectations.
Shares of the company lost about 10% in early premarket trading on Friday, with Centene citing higher marketplace costs.
Employers are more likely to take measures such as raising deductibles or out-of-pocket premiums, a survey shows.
The $1.7 billion the insurer reports in profit is a 24% dip from the same period last year, officials say.
The agency is also proposing to phase out the Inpatient Only list (IPO) over a three-year period.
Beacon now operates four additional hospitals, 35 outpatient clinics and an ambulatory surgery center in southwest Michigan.