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Monday, Aug 10 2015

Full Issue

Anthem's Ties With Blue Cross Brand Could Snarl Merger With Cigna

And in news about another insurance provider, the stock market is reacting to reports that a Centene subsidiary is losing a Medicaid contract in Illinois worth $1.8 billion over five years.

Anthem Inc. has used the Blue Cross and Blue Shield brand names as a powerful tool on its way to becoming the nation鈥檚 second-largest health insurer. But those Blue brands now are a hurdle for Anthem鈥檚 $54.2 billion acquisition of Cigna Corp. Anthem executives are confident they can leap over that hurdle, but it鈥檚 not a foregone conclusion. (Wall, 8/8)

Shares of health insurer Centene fell in early trading Friday before rebounding, a day after the Chicago Tribune reported that one of the firm's subsidiaries will lose a Medicaid contract with Cook County valued at up to $1.8 billion over five years. A spokeswoman at Cook County Health and Hospitals System confirmed Thursday that it plans to find a replacement for IlliniCare Health, a division of St. Louis-based Centene, to run its Medicaid managed care plan. The county posted a request for bids Tuesday. (Herbling and Sachdev, 8/7)

This is part of the Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.
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