Morning Briefing
Summaries of health policy coverage from major news organizations
Finding A Caregiver For A Sick Family Member Can Be Extremely Stressful. Now Companies Are Offering Their Help--At A Cost.
When Laura Hirsch of Keller Texas had to find a rehabilitation center to help her father recover from a difficult surgery in September, the caregiving service Cariloop saved her a whole day. A case manager at Cariloop, based in Richardson, Texas, sorted through more than a dozen rehab facility options, then armed Hirsch with the right questions to ask when choosing among the final contenders. (3/4)
General Electric Co is setting aside one of the largest amounts ever to cover potential losses on policies that provide long-term care in nursing facilities and patients' homes. But insurance experts are concerned that may not be enough. GE shocked investors last year when it took a $6.2 billion after-tax charge and said it planned to set aside $15 billion over seven years to cover claims on some 300,000 long-term care policies written more than a decade ago, when actuaries did not yet know how costly the claims would become. (Scott, 3/4)
While publicly backing Cigna Corp.鈥檚 2015 merger with rival health insurer Anthem Inc. as good for investors, Cigna鈥檚 CEO privately expressed regret about signing on to a deal that left him with a reduced role, lawyers for Anthem said in court Monday. Cigna shareholders were slated to get nearly a 30 percent premium for their stock in Anthem鈥檚 $48.9 billion buyout. But David Cordani, Cigna鈥檚 chief executive officer, lost out to Anthem CEO Joseph Swedish in a corporate duel over who would lead the combined company, set to be the largest health insurer by membership in the U.S. (Feeley, 3/4)
Last year, the insurance giant Anthem made a contract with its individual policyholders. They could keep going to their specialists, the contract said, without a referral from a primary care doctor. Now Anthem says that was a mistake. (Hart, 3/4)