In a letter to Senator Edward Kennedy on June 15, the Congressional Budget Office (CBO) released a preliminary analysis of the major provisions related to health insurance coverage contained in title I of draft legislation called the Affordable Health Choices Act.
The Hartford Courant is reported that EmblemHealth is close to acquiring Health Net’s Northeastern Operations, which includes Connecticut, New York, and New Jersey.
Announced on June 22nd, Humana entered into an alliance with CUNA Mutual Group to offer its Medicare products to CUNA Mutual’s credit union members.
Announced on June 5th, Magellan Health Services, Inc. entered into a purchase agreement for Coventry Health Care, Inc.’s First Health Services subsidiaries. The two companies also entered into a Radiology and Oncology services agreement.
UnitedHealth Group purchased $15.0 million of Northern Inyo Hospital’s tax-exempt bonds and $20.0 million in taxable and tax-exempt bonds from St. Rose Hospital as part of its California Health Care Investment Program.
On average, health plan stock prices increased 2.7% for the month. Eight of the fourteen health plans experienced stock price appreciation. Valuation indicators grew for the month of June.
UnitedHealth Group’s subsidiary, Ingenix, acquired Franklin, Tennessee-based AIM Healthcare Services on June 1st.
Blue Cross Blue Shield of Kansas City (BCBSKC) appointed David Gentile as President and Chief Executive Officer-Elect. CIGNA Corporation named David M. Cordani as its Chief Executive Officer and Isaiah “Ike” Harris, Jr. as its nonexecutive chairman. EmblemHealth announced Shawn M. Fitzgibbon as its Senior Vice President, Network Management. HealthSpring named Karey Witty as Executive Vice President and Chief Financial Officer. WellCare appointed Thomas F. O’Neil III to Vice Chairman and elevated Timothy S. Susanin to Senior Vice President, General Counsel, and Secretary. The company also announced Heath G. Schiesser will step down as President and Chief Executive Officer upon appointment of a replacement.
AMERIGROUP CORPORATION, Coventry Health Care, Inc., Humana Inc., and WellPoint, Inc. have reiterated their earnings guidance, while Aetna, Inc. announced a reduction to its guidance for the fiscal year 2009.
Features dates of upcoming 2nd Quarter earnings announcements as of June 30th.
This month we look at executive compensation for 2008. Executive compensation in the form of salary displayed a tendency toward having strong relationships with various operational attributes of health plans.
Adobe Acrobat Reader is required to view all of Sherlock Company's publications online. The program can be downloaded, free of charge at www.adobe.com.
Home | SEER Forums | Analyses | Site Index | Tools | Contact Us
© 1997-2012 Sherlock Company. All Rights Reserved. Legal Information