Though J&J is one of the country's largest drugmakers, the lawsuit argues, it failed to use its buying power when purchasing medications to negotiate the best prices for medicines for workers on its health plan.
Two of the biggest health insurers are in talks about a potential powerhouse merger, comparable to the last major wave of industry consolidation five years ago when CVS closed its near-$70 billion deal for Aetna.
The health insurers' comments suggest a shift in care patterns are finally reverting, with patients who had deferred procedures like knee or hip surgeries now returning for care in greater numbers.
In its third largest deal in the last decade, the pharmacy chain digs deeper into health care services, after buying Oak Street, which runs clinics that specialize in treating Medicare Advantage patients.
New Jersey, which has one of the country's largest state employee health plans, has an ongoing conflict with Horizon Blue Cross Blue Shield, alleging the insurer failed to deliver on a program designed to reduce health care costs.
UnitedHealth Group Inc. will gain access to "vast amounts of data" on how rival insurers do business if its proposed acquisition of Change Healthcare Inc. goes through, the Justice Department said opening arguments in a trial challenging the deal.
The purchase of LHC Group will "enhance the reach of Optum's value-based capabilities along the full continuum of care."
DebugScreen: mobile
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"uri": "/2024/03/13/cigna-aims-to-broaden-obesity-drug-coverage-with-financial-guarantees/",
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"summary": "On Thursday, Cigna also raised its target for long-term average annual adjusted earnings per share growth to 10%-14% from 10%-13%.",
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{
"uri": "/2024/02/07/johnson-johnson-sued-by-employee-over-its-prescription-drug-benefits-plan/",
"title": "Johnson & Johnson sued by employee over its prescription drug benefits plan",
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"summary": "Though J&J is one of the country's largest drugmakers, the lawsuit argues, it failed to use its buying power when purchasing medications to negotiate the best prices for medicines for workers on its health plan.",
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},
{
"uri": "/2023/11/29/cigna-humana-deal-health-insurance-giants-in-talks-for-a-blockbuster-merger/",
"title": "Cigna, Humana deal? Health insurance giants in talks for a blockbuster merger",
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"summary": "Two of the biggest health insurers are in talks about a potential powerhouse merger, comparable to the last major wave of industry consolidation five years ago when CVS closed its near-$70 billion deal for Aetna.",
"body": null
},
{
"uri": "/2023/06/20/unitedhealth-humana-warn-of-rising-medical-costs-due-to-delayed-elective-surgeries/",
"title": "UnitedHealth, Humana warn of rising medical costs due to delayed elective surgeries",
"byline": "John Tozzi",
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"prettyDate": "June 20, 2023",
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"summary": "The health insurers' comments suggest a shift in care patterns are finally reverting, with patients who had deferred procedures like knee or hip surgeries now returning for care in greater numbers.",
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{
"uri": "/2023/02/08/cvs-pays-10-6b-for-oak-street-health-primary-care-centers/",
"title": "CVS pays $10.6B for Oak Street Health primary care centers",
"byline": "Michelle F. Davis, Fiona Rutherford and John Tozzi",
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"prettyDate": "February 08, 2023",
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"summary": "In its third largest deal in the last decade, the pharmacy chain digs deeper into health care services, after buying Oak Street, which runs clinics that specialize in treating Medicare Advantage patients.",
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{
"uri": "/2022/12/14/the-hospital-bill-was-674856-why-did-the-state-pay-horizon-over-2-million/",
"title": "The hospital bill was $674,856: Why did the state pay Blue Cross over $2 million?",
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{
"uri": "/2022/08/03/unitedhealth-and-doj-trial-begins-handling-sensitive-data/",
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"prettyDate": "August 03, 2022",
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"summary": "UnitedHealth Group Inc. will gain access to \"vast amounts of data\" on how rival insurers do business if its proposed acquisition of Change Healthcare Inc. goes through, the Justice Department said opening arguments in a trial challenging the deal.",
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{
"uri": "/2022/07/20/jpmorgan-aims-to-cut-workers-expenses-when-it-comes-to-health-care/",
"title": "JPMorgan partners with Centivo to cut workers' health care expenses",
"byline": "John Tozzi",
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"prettyDate": "July 20, 2022",
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"summary": "JP Morgan upstarts a health plan devoted to making care more affordable by investing $30 million in Centivo.",
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{
"uri": "/2022/07/18/unitedhealth-results-positive-for-insurers-dismal-for-hospitals/",
"title": "UnitedHealth results: positive for insurers, dismal for hospitals",
"byline": "John Tozzi",
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"prettyDate": "July 18, 2022",
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"summary": "The measure of spending on health care drops from last year and there is plenty of room for growth in Optum Health.",
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{
"uri": "/2022/03/31/unitedhealth-moves-into-home-health-market-with-5-4b-acquisition/",
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"prettyDate": "March 31, 2022",
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"summary": "The purchase of LHC Group will \"enhance the reach of Optum's value-based capabilities along the full continuum of care.\"",
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]
}
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