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Mercy cited "red tape" and Anthem BCBS's inability to keep pace with inflation. Mercy also stated that Anthem reported a 24.12% increase in year-over-year net income and a 24.29% increase in its ...
The policy, which would have covered Anthem's plans in Connecticut, New York and Missouri, was disclosed in recent weeks, with the company's New York unit posting a notice on Dec. 1. The policy ...
BCBSMA formed in 1988 after the merger of Blue Cross and Blue Shield of Massachusetts. [4] In 1992 it offered an HMO plan along with the rise of managed care in the 1990s. [4] ...
Most provider markets (especially hospitals) are also highly concentrated—roughly 80%, according to criteria established by the FTC and Department of Justice [137] —so insurers usually have little choice about which providers to include in their networks, and consequently little leverage to control the prices they pay. Large insurers ...
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In 1939, Blue Cross Plans united to form the Blue Cross Association [7] In 1956, Medical Mutual of Cleveland was formed to provide coverage for doctor fees. CHSA merged with Akron Hospital Service to form Blue Cross of Northeast Ohio in 1957, and four years later, Medical Mutual of Cleveland became affiliated with the Blue Shield system.
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Express Scripts Holding Company is a pharmacy benefit management (PBM) organization. In 2017 it was the 22nd-largest company in the United States by total revenue as well as the largest pharmacy benefit management (PBM) organization in the United States. [2]