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Towers Watson buys private exchange for $435M

Professional services company Towers Watson is acquiring Extend Health, the largest private Medicare exchange, for $435 million, reported Insurance & Financial Advisor. "We believe that this Read more >>

Are Medicare Advantage star rankings counterproductive?

The Medicare Advantage star rankings system doesn't serve its intended goal of rewarding quality and may even be counterproductive, the American Action Forum (AAF), a policy institute, said in a Read more >>

HHS requires insurers cite reform law in rebate letter

Insurers have a few additional steps they must take when providing rebates to members for not meeting the health reform law's medical loss ratio (MLR) requirement. In a new final rule issued Read more >>

No fines, penalties for payers' summary of benefits

Insurers won't be seeing fines or penalties if they don't comply with the health reform law's summary of benefits and coverage (SBC) requirements within the first year, federal officials Read more >>

Insurers launch more anti-obesity programs

As the obesity epidemic increasingly garners nationwide attention and calls for action, insurers have been responding by changing coverage options, as well as establishing new anti-obesity programs Read more >>

Insurers could earn $1 trillion in revenue from reform law

If the U.S. Supreme Court upholds the health reform law when it issues a decision next month, insurers stand to make $1 trillion in new revenue during the next eight years, according to a Bloomberg Read more >>

Also Noted

> Aetna and Phoenix-based hospital network Banner Health are boosting their accountable care organization with a "technology stack" and improved coordination of care, reported FierceMobileHealthcare. Improvements include using the aetna-owned mobile app iTriage to allow patients to pre-register for appointments via smartphone. Article

> Arizona regulators want authority to review insurers' individual health insurance rate hikes. Instead of deferring to the federal government's review, the Arizona Department of Insurance wants to scrutinize rate hike requests of more than 10 percent, reported the Arizona Daily Star. Article

> The Maryland State Medical Society wants legislation passed to prevent insurers from using "tricks," that are still legal in the state, such as prior authorization and step therapy, reported Insurance & Financial Advisor. Article

> Health Care Service Corp., the parent of Blue Cross Blue Shield of Illinois and other Blues plans, paid CEO Patricia Hemingway Hall more than $12.9 million in 2011, a 61 percent raise from the prior year, according to Crain's Chicago Business. Her total compensation included an $11.8 million bonus, a 69 percent above her 2010 bonus of $7 million. In addition, the company's 10 highest-paid executives collectively earned $41.7 million, which is 65 percent more than the $25.3 million they were paid in 2010. Article

> And Finally… Want to change yourself? Pick up a good novel. Article