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Archive for the Insurance News Net Category

Highmark conducts staffing ‘changes’ after merger with Blue Cross of NEPA

Highmark conducts staffing ‘changes’ after merger with Blue Cross of NEPA

Rumors of layoffs and severance packages at Highmark Blue Cross Blue Shield have begun circulating barely 10 months after the insurance giant took over Blue Cross of Northeastern Pennsylvania with a promise to keep local jobs for at least 18 months. Employees approached on break declined comment, […]

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CVS customers in Charlotte can now shop without stepping foot in store

CVS customers in Charlotte can now shop without stepping foot in store

Shopping at a CVS in Charlotte is going digital. Through a new partnership with Silicon Valley startup Curbside, CVS Health Corp. (NYSE:CVS) announced on Tuesday its launch of CVS Express, a new service that allows consumers to make purchases via a mobile app and then have their […]

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UnitedHealth Group to abandon most Obamacare exchanges in 2017

UnitedHealth Group to abandon most Obamacare exchanges in 2017

UnitedHealth Group, the nation’s largest health insurer, said that it will withdraw next year from most of the 34 states where it offers plans on the Affordable Care Act’s online exchanges. Stephen J. Hemsley, chief executive officer of UnitedHealth Group, made the announcement during an earnings conference […]

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Allstate files for Georgia auto increase of 25%, up to 58%

Allstate files for Georgia auto increase of 25%, up to 58%

Allstate filed for an overall statewide automobile insurance rate increase of 25% in Georgia, although some policyholders could see rates rise as high as 58.3%, according to Georgia’s insurance commissioner. The increase is slated to be implemented on May 22. Georgia Insurance Commissioner Ralph Hudgens warned policyholders […]

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Juno strengthens overseas position, gets $50M in expansion of Celgene deal

Juno strengthens overseas position, gets $50M in expansion of Celgene deal

Seattle biotech Juno Therapeutics (Nasdaq: JUNO) is enlarging the global footprint for its cancer-fighting drugs, with partner Celgene to develop and commercialize Juno’s CD19 program outside North America and China. Celgene will pay Juno a fee of $50 million to do so, the companies said. This new […]

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HMSA pilot payment policy focuses less on visits

HMSA pilot payment policy focuses less on visits

A new Hawaii Medical Service Association reimbursement policy for primary care doctors is getting mixed reviews and an unclear prognosis. The new system, which was adopted on a limited basis April 1, reimburses physicians a fixed monthly rate for each patient in a practice, whether or not […]

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Editorial: Drug-pricing, cost is about value

Editorial: Drug-pricing, cost is about value

A standing-room-only hearing at the State House this week became a debate in the media whether drug manufacturers should be required to disclose the costs of the research and other factors that go into the pricing methodology of certain drugs. The state Health Policy Commission and a […]

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Seattle’s Infectious Disease Research Institute hires new expert as Zika virus continues to spread

Seattle’s Infectious Disease Research Institute hires new expert as Zika virus continues to spread

Earlier this week, the Centers for Disease Control and Prevention confirmed the Zika virus that is spreading around the globe does cause babies to be born with unusually small heads— a condition known as microcephaly. The same day, Seattle’s Infectious Disease Research Institute hired an expert in […]

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Kirkland biotech Prevencio looks to raise $20M round

Kirkland biotech Prevencio looks to raise $20M round

Kirkland biotech Prevencio is raising a $2 million convertible note that will become part of what the company hopes will be a $20 million Series C round. “We’ve had very strong support from our current investors, which are local angels,” said Prevencio CEO Rhonda Rhyne. The company […]

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TearScience CEO talks traction, $19.3M funder

TearScience CEO talks traction, $19.3M funder

Six years after a blockbuster $40 million funder, Morrisville-based TearScience is at it again, raising a new $19.3 million in equity financing. New CEO Joe Boorady calls the cash a “great sign of confidence in the organization.” And he says it’s a sign that the changes he’s […]

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