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Most Recent Benefits Management News

Gallagher acquires human resources consultant

By: Matt Dunning

Published May 01, 2015 - 2:49pm CST

Arthur J. Gallagher & Co. said Friday that it has acquired Integrated Healthcare Strategies, a Kansas City, Missouri-based human resources consultant.

Chicago's solvency at risk as pension liability grows

Published May 01, 2015 - 2:21pm CST

(Reuters) — Chicago's $20 billion unfunded public pension liability is on track to grow significantly regardless of the outcomes of litigation over the constitutionality of benefit cuts or legislative action, Moody's Investors Service said on Friday.

Pharmacy benefits unit to pay $45 million over Novartis kickback scheme

Published May 01, 2015 - 10:31am CST

(Reuters) — A unit of pharmacy benefits manager Express Scripts Holding Co. will pay $45 million to resolve U.S. claims it participated in a kickback scheme with Novartis AG to boost sales of a drug that led to improper government reimbursements.

House committee advances military pension reforms

By: Hazel Bradford, Pensions & Investments

Published May 01, 2015 - 9:22am CST

The House Armed Services Committee on Thursday passed a defense spending bill that includes reforms to the military retirement system that encourage defined contribution savings.

Insurers fall short on women's health coverage

By: Matt Dunning

Published April 30, 2015 - 3:22pm CST

Dozens of health care plans offered through public insurance exchanges failed to meet coverage standards for women's health services established under the federal health care reform law, a new report has found.

Cigna profit up on strong revenue, growing customer base

By: Shelby Livingston

Published April 30, 2015 - 2:31pm CST

Cigna Corp. reported strong revenue gains and modest growth in net income for the first quarter of 2015, reflecting higher premiums and an increase in customers, the health insurer said Thursday.

Health benefits leaders bracing for 'Cadillac tax'

By: Shelby Livingston

Published April 30, 2015 - 10:55am CST

CHICAGO — The only way for employers to reduce their exposure to the “Cadillac tax” on high-value health care plans is to implement strategies to cut costs, though it's likely they will still be affected, according to panelists at the Midwest Business Group on Health 35th Annual Conference in Chicago.

Republicans jockey over post-subsidy reform plans

By: Paul Demko, Modern Healthcare

Published April 30, 2015 - 9:16am CST

WASHINGTON—Facing sharp disagreements among themselves, congressional Republicans are nervously wrestling with how to respond if the U.S. Supreme Court in June strikes down premium subsidies in up to 37 states.

Higher rates, membership fuel Anthem's quarterly profit

By: Bob Herman, Modern Healthcare

Published April 29, 2015 - 2:40pm CST

Anthem Inc. raised financial guidance for the rest of the year after the Indianapolis-based health insurer posted $865.2 million in profit, a 23.4% jump from the same period last year.

Humana increases profit, tightens business focus

By: Bill Kenealy

Published April 29, 2015 - 1:54pm CST

Humana Inc. reported gains in net income and premiums on Wednesday and a tighter focus on the Medicare and health insurance exchange markets.

401(k) balances hit record high

By: Jerry Geisel

Published April 29, 2015 - 1:21pm CST

Employees’ 401(k) plan account balances hit a record high at the end of the first quarter of 2015, Fidelity Investments said in an analysis released Wednesday.

Manufacturer gets final OK to fund benefits in captive

By: Jerry Geisel

Published April 29, 2015 - 12:30pm CST

The Labor Department Wednesday gave final authorization to Sealed Air Corp. to fund several benefit risks through its Vermont captive insurance company.

Supreme Court weighs historic same-sex marriage question

By: Matt Dunning

Published April 29, 2015 - 10:21am CST

Oral arguments before the U.S. Supreme Court on potential nationwide legalization of same-sex marriage yielded limited insight into how the high court might rule on the issue.

Assurant to sell money-losing health insurance operations

By: Bob Herman, Modern Healthcare

Published April 29, 2015 - 9:19am CST

Insurance giant Assurant Inc. is looking to sell its health insurance division, Assurant Health — a company that has been active on the health care Act exchanges but has hemorrhaged tens of millions of dollars.

Aetna submits 2016 rates with eye on Supreme Court subsidy ruling

Published April 28, 2015 - 2:31pm CST

(Reuters) — Aetna Inc., the third-largest U.S. health insurer, is submitting 2016 individual insurance rates to state regulators but said it might need to reexamine them after the U.S. Supreme Court rules on the legality of certain health care reform exchange subsidies.