COVERED CALIFORNIA HOLDS RATE INCREASES DOWN FOR SECOND CONSECUTIVE YEAR July 27, 2015 Average Increase Is 4 Percent; Consumers Who Shop Can Lower Their Premium by an Average of 4.5 Percent SACRAMENTO, Calif. — Covered California announced its rates for 2016 and unveiled which health insurance companies will be offering plans through the marketplace. The […]
Anthem Announces Definitive Agreement to Purchase Cigna Corporation
Indianapolis, Ind. and Bloomfield, Conn. – July 24, 2015 – Anthem, Inc. (NYSE: ANTM) and Cigna Corporation (NYSE: CI) today announced that they have entered into a definitive agreement whereby Anthem will acquire all outstanding shares of Cigna in a cash and stock transaction and Cigna shareholders will receive $103.40 in cash and 0.5152 Anthem […]
Insurance Commissioner raises concerns about impacts of health insurance mergers on competition, choice and prices
SACRAMENTO, Calif. -Insurance Commissioner Dave Jones issued the following statement today after Anthem Blue Cross announced plans to acquire Cigna Corporation:
“The Department of Insurance will carefully review the proposed merger of Anthem Blue Cross and Cigna Corporation, as well as the proposed mergers of other health insurers.
Health agent sues Covered California for damages
It is no news to the first wave of Covered California Certified Insurance Agents in 2013 that Californias online health insurance exchange was not ready for business. The number one complaint from agents was they were not receiving credit, and ultimately commissions, from the numerous individual and family enrollments they were performing. One health […]