The Bloomfield, Conn.-based insurer grew revenue and premiums in the second quarter of 2017, while its profit benefited from its terminated merger agreement with Anthem.
Large employers are seeing a 5% increase in healthcare costs from last year. Similar increases have occurred over the past five years.
The best healthcare providers don't need marketing tools to attract patients, because they have data. And no amount of marketing can fix bad quality.
Low-income people saw significant insurance coverage gains under the Affordable Care Act, tightening the wide gap in healthcare access among people of different socio-economic status.
Although insurers asked for a 17.7% increase, New York's Department of Financial Services approved a 14.6% bump as it factored in the potential loss of cost sharing–reduction payments that insurers use to cover out-of-pocket expenses for lower-income consumers.
Covered California is boosting its marketing budget and allowing insurers that incur unexpected losses next year to make higher profits in the years ahead. It's one example of how states are shoring up their own marketplaces, instead of waiting for the feds to lend a hand.