News

RFK Jr., President Donald Trump’s pick to head the US Department of Health and Human Services, was endorsed by the Senate Finance Committee after two tough hearings, and his nomination will now advance to a full Senate vote.

The fee cuts are the largest annual expense ratio reduction in the firm’s 50-year history – and the first major announcement from newly appointed CEO Salim Ramji.

One selling point is the possibility that employees in cash-for-coverage plans like bargains.

An Individual Coverage Health Reimbursement Arrangement (ICHRA) services firm found that 20% of U.S. adults already like the idea, and that getting employer support with choosing the right coverage could help.

The Cigna Group will spend up to $150 million to reform its prior authorization, patient advocacy and provider services this year.

The new offering is designed to expand access to workplace retirement plans for small and medium-sized businesses to "pool" their assets into a single plan, while alleviating the administrative burdens of running a retirement plan.

Employers want help with reducing the pain, according to executives from the four big brokers — Aon, Brown & Brown, Gallagher and Marsh & McLennan.

About 70% of the 401(k) plan—nearly $2 billion—was invested in one fund, when "much cheaper" versions of this investment were available, allege employees in the class action lawsuit, on behalf of 38,000 participants.