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November 15, 2006
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MHMR Nov. 15, 2006; Volume 14, Number 19
CVS, Caremark to merge...AHIP has plan for uninsured...MCO stock fall after election...United, HCA reach agreement...Medical costs to soar, study says...Kaiser expects ’07 profit...CareFirst CEO resigns...3Q06 MCO net rises 33%...Chart: financials, 13 MCOs...MCO stocks fall 8%...Services stocks fall 3%...and more...
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AHIP PROPOSES PLAN FOR UNINSURED
America’s Health Insurance Plans (Washington) has begun lobbying for $300 billion in federal spending over 10 years on a series of initiatives it says will solve the problem of the nation’s 40 million uninsured.
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UNITED, HCA REACH NATIONAL AGREEMENT
Ending a bitter dispute over the cost of hospital services, UnitedHealth Group (Minnetonka, MN) announced an agreement to provide its members with access to 150 hospitals and 100 diagnostics and treatment facilities operated by HCA Inc. (Nashville, TN).
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’07 MEDICAL COSTS TO SOAR, PRICEWATERHOUSE SAYS
Medical costs for health plans are expected to soar at a double-digit level in 2007, with costs for PPOs rising 11.9%, HMOs 11.8% and consumer-directed health plans 10.7%, according to a survey from PricewaterhouseCoopers (New York).
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KAISER SAYS $7 BB LOSS PROJECTION WAS WORST CASE
Internal projections from Kaiser Permanente (Oakland, CA) showing that the company could lose $7 billion over the next two years were a worst-case scenario, assuming cost increases of more than 10% and premium growth of just 4% to 6%, according to treasurer Tom Meier.
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