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Sierra Health Services Inc

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April 2, 2007 | Ricardo Alonso-Zaldivar, Times Staff Writer
From the day the new Medicare drug plan was introduced, critics warned that it had a big loophole -- the "doughnut hole" -- a coverage gap that leaves some recipients with $3,000 in costs to pick up themselves. The private sector was supposed to help. And last year, Sierra Health Services, an insurer based in Las Vegas, announced it would do so. In exchange for higher monthly premiums, Sierra offered comprehensive coverage of brand-name medications for patients who had to fill the cost gap.
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NATIONAL
April 2, 2007 | Ricardo Alonso-Zaldivar, Times Staff Writer
From the day the new Medicare drug plan was introduced, critics warned that it had a big loophole -- the "doughnut hole" -- a coverage gap that leaves some recipients with $3,000 in costs to pick up themselves. The private sector was supposed to help. And last year, Sierra Health Services, an insurer based in Las Vegas, announced it would do so. In exchange for higher monthly premiums, Sierra offered comprehensive coverage of brand-name medications for patients who had to fill the cost gap.
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BUSINESS
December 24, 1996 | Times Staff and Wire Reports
Denny's said it has selected advertising agency Chisholm-Mingo Group. to handle its African American consumer marketing efforts. . . . Republic Industries Inc. said it agreed to buy Ed Mullinax Inc., an owner of five Ford dealerships in Ohio and Florida, for about $100 million in stock after obtaining the necessary approvals from Ford Motor Co. and Ford's Lincoln-Mercury division for the merger. . . . Sierra Health Services Inc.
BUSINESS
March 20, 2007 | From Bloomberg News
The largest U.S. physicians group urged antitrust authorities to block insurer UnitedHealth Group Inc.'s $2.6-billion purchase of Sierra Health Services Inc. The group, the American Medical Assn., told U.S. Atty. Gen. Alberto R. Gonzales in a letter that the acquisition would give Minnetonka, Minn.-based UnitedHealth the "potential to exercise monopoly power" in Nevada. UnitedHealth, the largest U.S.
BUSINESS
January 3, 2001 | From Bloomberg News
Sierra Health Services Inc., a managed health-care company, said Tuesday it sold most of its Las Vegas real estate properties to the investment unit of Los Angeles-based CB Richard Ellis Services Inc. for $115 million. Sierra entered into a long-term lease with CB Richard Ellis Corporate Partners last week, spokesman Peter O'Neill said. The company's operations won't change, he said. Sierra said it will initially receive $61.
BUSINESS
March 13, 2007 | From the Associated Press
UnitedHealth Group Inc. got back in the acquisitions game Monday, agreeing to buy Nevada's largest health insurer, Sierra Health Services Inc., for about $2.6 billion. The purchase puts UnitedHealth in a fast-growing region and is its first health insurance acquisition in more than a year.
BUSINESS
November 2, 2009 | MICHAEL HILTZIK
I suspect I had the same reaction as many other Americans after hearing that Congress was planning to strip the health insurance industry of its antitrust exemption. My question was: What idiots exempted health insurers from antitrust law in the first place? The answer, of course, is Congress. The antitrust exemption supposedly comes from the McCarran-Ferguson Act, which was passed in 1945 to protect state regulation of insurance companies, and also to allow insurers to share loss data with each other without being haled into federal court on antitrust or collusion charges.
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