Aetna Inc., Humana Inc., Cigna Corp. and other health insurers have to turn over more documents to the doctors suing them, a judge ruled. The physicians say the companies engaged in racketeering and broke contracts by not paying claims on time. U.S. District Judge Federico Moreno lifted a stay on discovery in the lawsuits, allowing lawyers to gather more evidence as they seek to prove that the suits qualify for class-action status.
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Humana Inc., one of the nation's biggest health maintenance organizations, said Thursday that it will acquire Emphesys Financial Group Inc. for $650 million in cash.
Lawyers saying they represent 32 million members of managed health care plans have launched the largest legal assault yet on HMOs, filing class-action lawsuits against five of the industry's biggest players.
Managed health-care firm Humana Inc. warned Thursday that higher medical costs will push its first-quarter earnings far below both analyst expectations and year-earlier levels.
DaimlerChrysler reported an unexpected decline in profit for the second quarter as competition forced it to boost discounts on Chrysler vehicles and costs mounted for its Smart mini-car.
Humana Inc. said it had settled a six-year dispute with representatives of more than 700,000 physicians over reimbursement and would make a $40-million payment.
National | Ricardo Alonso-zaldivar | November 29, 2006
Seniors wanting to avoid the Medicare prescription program's coverage gap have had one clear alternative: Choose a plan that cost more but bridged the break in benefits. But that option will be more restricted and more expensive next year. The leading national plan that covers brand and generic drugs in the gap -- Humana PDP Complete -- will no longer pay for brand-name prescriptions.
UnitedHealth Group Inc. and Humana Inc. are the biggest winners among insurers offering the new Medicare drug benefit, according to enrollment numbers released Friday.
Humana Inc. said it had settled a six-year dispute with representatives of more than 700,000 physicians over reimbursement and would make a $40-million payment.
Industrial conglomerate Tyco International Ltd. swung to a profit on a double-digit jump in sales and lower one-time charges compared with the same quarter a year earlier.
Tenet Healthcare Corp., the second-largest U.S. hospital chain, reached a two-year contract with Humana Inc. that gives the insurer's members continued access to Tenet's 15 hospitals and diagnostic centers in south Florida.
Humana Inc.'s first-quarter profit rose 75% as the operator of health plans for the U.S. government and employers controlled costs and left unprofitable markets.