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April 15, 2005
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MHMR April 15, 2005: Volume 13, Number 7
SPECIAL REPORT: Executive Compensation...MCO executive pay falls 25%...Chart: executive pay, 2004...Stock options top $360 MM...Chart: MCO stock options, 2004...’06 Medicare rates up 4.8%...OH premiums rates up 2.7%...United cautious on Medicaid...UnitedHealth has strong 1Q05...Chart: ’06 Medicare HMO rates...People: Langenus; Hebert; Huhns, Sperling...BCBS-MN offers 90-day scripts...Chart: OH premiums...HMO stocks fall 3%...HMO services stocks rise 0.2%...Aetna expands dental line...and more...
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’06 MEDICARE HMO RATES TO RISE 4.8%
Medicare Advantage health plans will receive an increase of 4.8% in the monthly reimbursement rate per plan enrollee in 2006, according to newly released information from the Centers for Medicare & Medicaid Services (Washington).
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OHIO PREMIUM RATES UP 2.7% IN ’06
The state of Ohio will receive premium increases of 2.6% single, 4.8% family for the benefit year from July 1, 2005 through June 30, 2006, according to an analysis of data released by the state human resources department.
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UNITEDHEALTH CAUTIOUS ON MEDICAID
Citing tightening eligibility and enrollment criteria because of government budget issues, UnitedHealth Group (Minnetonka, MN) reported that it is adopting a more conservative outlook for membership growth at its AmeriChoice Medicaid unit in 2005, according to William McGuire, M.D., chairman.
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MCO EXECUTIVE PAY FALLS 25%
Managed care executive compensation fell 25% to $117.5 million in 2004, according to an MHMR tally of proxy statement data for 20 chairmen, chief executives, presidents and healthcare division leaders at 13 publicly traded managed care companies.
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MCO EXECUTIVES GET $360 MM IN STOCK OPTIONS IN 2004
Managed care executives received stock options valued at $360 million in 2003, up 64% from $219 million in 2003, according to a tally of proxy statement data for 13 companies and 20 chairmen, chief executives, presidents and healthcare division leaders.
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UNITEDHEALTH HAS BLOW-OUT QUARTER; RAISES OUTLOOK
UnitedHealth Group (Minnetonka, MN) reported strong first-quarter results across its entire spectrum of businesses, with 2005 net income hitting $779 million, up 41% from the same period a year earlier, on revenues of $10.887 billion, up 34%.
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AETNA EXPANDS VOLUNTARY DENTAL PRODUCT LINE
Aetna Inc. (Hartford, CT) is looking to cash in on the growing demand for voluntary dental plans, announcing an expanded portfolio of products aimed at groups with more than 50 employees.
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BCBS-MN NETWORK OFFERS 90-DAY SCRIPTS AT RETAIL
Blue Cross Blue Shield of Minnesota (Eagan, MN) has joined the handful of managed care organizations offering members the ability to fill 90-day prescriptions at any one of 327 local retail pharmacies.
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