Managed Care

 

Headlines On Deadline ...

MANAGED CARE September 2005. © MediMedia USA
News and Commentary

Headlines On Deadline ...

MANAGED CARE September 2005. ©MediMedia USA

WellPoint and Cigna are turning heads in the financial world. Cigna's second-quarter earnings rose 73 percent from the same period last year to $720 million as its earnings kept well ahead of medical costs thanks to higher premiums and lower operating costs, reports the Wall Street Journal. Meanwhile, the newspaper says that WellPoint's earnings are expected to rise 15 percent a year for the next five years.... California health insurers have marked Jan. 1, 2007 on their calendars. That's when the state is expected to move more than a half-million recipients of Medicaid (known as Medi-Cal in that state) into managed care. Gov. Arnold Schwarzenegger sees the move as an important part of curbing soaring costs. Critics counter that only mass confusion will ensue, and the sought-after savings will not appear.... Transparency is key, according to a plan by a coalition of 52 employers that outlines how they want PBMs to conduct business. PBMs would have to give to their clients the drug company rebates that now often go to the PBMs, according to the Wall Street Journal. In addition, PBMs would have to disclose the acquisition costs for retail and mail-order drugs. So far, only three PBMs have agreed to the terms outlined by the employer coalition, HR Policy Association. Those PBMs: Aetna Pharmacy Management, MedImpact Healthcare Systems, and Walgreens Health Initiatives.... "Preventive care services" means different things to different health insurers, says a recent report in the Wall Street Journal. The article quotes Andrew Baskin, Aetna's senior medical director, as blaming the problem on a lack of a universally accepted standards. "There is no industrywide definition here," says Baskin, "so each insurer has the ability to define preventive services for [itself]." Patients can have a tough time trying to figure out, for instance, just what drugs are covered by an insurer as a preventive treatment.

Meetings

Private Health Insurance Exchanges Conference Washington, D.C. October 7–8, 2014
National Healthcare Facility Management Summit Palm Beach, FL October 16–17, 2014
National Healthcare CFO Summit Las Vegas, NV October 19–21, 2014
National Healthcare CXO Summit Las Vegas, NV October 19–21, 2014
Innovative Member Engagement Operations For Health Plans Las Vegas, NV October 20–21, 2014
4th Partnering With ACOs Summit Los Angeles, CA October 27–28, 2014
2014 Annual HEDIS® and Star Ratings Symposium Nashville, TN November 3–4, 2014
PCMH & Shared Savings ACO Leadership Summit Nashville, TN November 3–4, 2014
World Orphan Drug Congress Europe 2014 Brussels, Belgium November 12–14, 2014
Medicare Risk Adjustment, Revenue Management, & Star Ratings Fort Lauderdale, FL November 12–14, 2014
Healthcare Chief Medical Officer Forum Alexandria, VA November 13–14, 2014
Home Care Leadership Summit Atlanta, GA November 17–18, 2014