On March 25, 2022, SuperCare Health (“SuperCare”) reported that from July 23 to July 27, 2021, an unknown party had access to certain computer systems on the SuperCare network. The company reported on February 4, 2022 that some consumer information was potentially accessed, but did not reveal until March 25, 2022, that the incident had […]
Anthem, Inc. reported strong profits of $2.4 billion for the first quarter of 2022, an increase of 13.2% over the prior year quarter. Anthem’s operating revenues were also sharply up, growing 18% over the prior year quarter to $37.9 billion. Anthem’s adjusted net income was $8.25 per share, beating analysists’ expectations. In addition, Anthem reported
ANTHEM POSTS STRONG FIRST QUARTER 2022 PROFITS, BEATING ANALYSTS’ EXPECTATIONS Read More »
An investigative report by WRAL in Durham, North Carolina has reported that despite the Pandemic, Blue Cross and Blue Shield of North Carolina (BCBSNC) has reported strong profits and has paid its top executives millions in bonuses. In 2021, BCBSNC, a not-for-profit corporation, reported annual revenue of $10.7 billion and net revenue or profit of
DESPITE THE PANDEMIC BLUE CROSS BLUE SHIELD EXECUTIVES PAID MILLIONS IN BONUSES Read More »
On March 10, 2022, Highmark Health, a health services company affiliated with several Blue Cross Blue Shield companies, issued a statement revealing that a subcontractor of one of its mail vendors, Webb Mason Marketing, was involved in a data breach that may have impacted as many as 67,147 Highmark members. According to the notification letter:
The Office of the Inspector General of the Department of Health and Human Services has issued a report entitled “Some Medicare Advantage Companies Leveraged Chart Reviews and Health Risk Assessments to Disproportionately Drive Payments.” The OIG undertook the review due to concerns that Medicare Advantage (MA) plans “may leverage both chart reviews and Health Risk
The Department of Health and Humana Services Office of the Inspector General has issued a report estimating that the Medicare program made $2.6 billion in risk adjustment payments to Medicare Advantage organizations (“MAOS”) in 2017 based solely on diagnoses reported in Health Risk Assessments (“HRAs”). The OIG further found that 80% of the estimated payments
On March 28, 2019, Judge John D. Bates, of the United States District Court for the District of Columbia struck down the Trump Administration’s Association Health Plan (AHP) Final Rule. The AHP Final Rule had been designed to allow small employers and individuals to join together to purchase health plans that would be less expensive
FEDERAL COURT STRIKES DOWN ASSOCIATION HEALTH PLAN RULES Read More »