Financial and regulatory challenges in Medicare Advantage aren’t stopping Health Care Service Corp. from diving deeper into its suddenly murky waters. Industry leaders UnitedHealth Group and Humana, along with other carriers such as Centene, Molina Healthcare and CVS Health subsidiary Aetna, recently disclosed that their Medicare Advantage operations are under financial strain amid higher-than-expected medical expenses, federal policies to constrain spending and promote quality, and a looming payment cut. Yet HCSC, a nonprofit Blue Cross and Blue Shield carrier, announced plans last month to pay $3.3 billion for Cigna’s Medicare operations.
Read the full article: HCSC Bets on Medicare Advantage despite Headwinds //
Source: https://www.modernhealthcare.com/insurance/hcsc-health-care-service-corp-medicare-advantage-cigna