Three large health insurers including WellPoint Inc. and Aetna Inc. say that a high percentage of their new Obamacare customers are paying their first premiums, undermining a Republican criticism of enrollment in the program.
In Maine, the insurer that has enrolled the most Obamacare customers isn’t the state’s well- established Blue Cross Blue Shield plan, owned by WellPoint Inc. It’s WellPoint’s only rival: Maine Community Health Options, a startup that didn’t exist three years ago.
There’s no way to tell how many people who think they enrolled for health insurance through the U.S. Obamacare exchange actually have, after about 1 in 4 files sent to insurers had garbled and incomplete information.
Two months before health insurers must submit rate proposals for 2015 to government regulators, WellPoint Inc. fired a surprising shot across their bow by predicting it may ask for “double-digit plus” increases.
Aetna Inc., the third-largest U.S. health insurer, said its coverage policies for immune system disorders treatments from Baxter International Inc. and Grifols SA are unchanged, contrary to an analyst report that said the insurer would favor the Grifols product.
Questcor Pharmaceuticals Inc. fell the most in 20 years after insurer Aetna Inc. said it would limit coverage of the company’s top-selling drug. The drugmaker said it doesn’t expect a “material impact” from the change.
WellPoint Inc., the largest U.S. insurer by enrollment, and Aetna Inc., the third biggest, are among 11 insurers ordered to refund money to almost 600,000 New Yorkers who were charged too much for health insurance.
Just hours after President Barack Obama announced a one-year reprieve for canceled insurance plans, industry executives warned it would cost taxpayers and consumers while state officials split on their support for it.