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Stock Market & Financial Investment News

News Breaks
January 15, 2014
11:27 EDTCINew York AG says Cigna to pay $23K in claims settlement
New York Attorney General Eric Schneiderman announced that his office has reached a settlement with Cigna, requiring the health insurer to reprocess and pay hundreds of claims for nutritional counseling for mental health conditions, in particular eating disorders, to members it said were wrongfully denied those benefits. Pursuant to the settlement, Cigna has agreed to eliminate the three-visit cap for mental health conditions and to reprocess and pay members whose claims were denied due to the limit, totaling approximately $33,000. Cigna will also conduct in-service training for its claim and clinical review staff regarding the removal of visit limits for nutritional counseling prescribed for mental health disorders. Under the settlement, Cigna will also pay $23,000 to the OAG as a civil penalty.
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April 15, 2014
06:32 EDTCIPatients paying much more for specialty drugs, NY Times says
The amount that patients with certain diseases must pay for specialty drugs has increased significantly, a research firm reported, according to The New York Times. Meanwhile, consumers' use of health care increased in 2013 for the firm time in three years, the newspaper quoted the firm, the IMS Institute for Healthcare Informatics, as saying. Publicly traded drug makers include AstraZeneca (AZN), Bristol-Myers (BMY), Eli Lilly (LLY), GlaxoSmithKline (GSK), Johnson & Johnson (JNJ), Merck (MRK), Novartis (NVS), Pfizer (PFE), Roche (RHHBY) and Sanofi (SNY). Publicly traded health insurers include AMERIGROUP (AGP), Aetna (AET), Centene (CNC), Cigna (CI), Health Net (HNT), Healthspring (HS), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH), WellCare (WCG) and WellPoint (WLP).Reference Link
April 8, 2014
10:18 EDTCICMS says Medicare Advantage reimbursement to rise in 2015
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09:23 EDTCILeerink views final rates as favorable for MA plans
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April 7, 2014
19:13 EDTCICMS issues 2015 rate announcement for Medicare Advantage and Part D programs
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10:02 EDTCICigna announces first collaborative care program in South Florida
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