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April 15, 2008
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MHMR April 15, 2008: Volume 16, Number 7
Aetna wins BOA contract…HSA bill faces likely veto…’07 commercial PPO lives fall…Humana gets Tricare extension…’07 HMO/POS lives fall…Chart: HMO/POS lives…Total ’07 MCO lives rise…Chart: total MCO lives…’07 BCBS HMO/POS lives fall…Chart: BCBS HMO/POS lives…Cigna names disability unit head…MCO stocks rise 1.7%...Services stocks unchanged…Walgreens wins Prime contract…WellPoint renews Trustmark…and more…
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AETNA WINS BANK OF AMERICA CONTRACT
Bank of America (Charlotte, NC) announced that it has consolidated all of its health plan business with a single carrier, Aetna Inc. (Hartford, CT).
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HSA SUBSTANTIATION BILL FACES VETO
President Bush would likely veto legislation requiring banks to substantiate whether payments and withdrawals made from HSAs are for healthcare expenses.
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HUMANA GETS 1-YEAR TRICARE EXTENSION
Humana Inc. (Louisville, KY) said it was awarded a one-year extension to its military health benefits contract with the U.S. Dept. of Defense, serving 2.9 million lives in the 10-state Tricare south region. The DOD exercised an option to extend the contract through March 20, 2009.
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WALGREENS TO BE SPECIALTY PHARMACY FOR PRIME
Walgreens (Deerfield, IL) has won a contract to be the specialty pharmacy provider for Prime Therapeutics (St. Paul, MN), a pharmacy benefit management company owned by 10 Blue Cross Blue Shield plans.
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MCO MEMBERSHIP RISES 3.3% TO 126.8 MILLION IN 2007
Fully funded and self-funded enrollment combined increased 3.3% to 126.781 million at 24 leading managed care organizations in 2007. The figures exclude consumer-directed health plan enrollment. Fully funded lives accounted for 51% of the total, down from 52.2% as of Dec. 31, 2006.
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WELLPOINT WINS TRUSTMARK PBM RENEWAL
WellPoint Inc. (Indianapolis) announced that it has won a four-year contract renewal to provide pharmacy benefit management services to the health plan members of Trustmark Mutual Holding Co. (Lake Forest, IL). WellPoint has served as Trustmark’s PBM since 2006.
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