In a move linked with the proposed merger of Independence Blue Cross and Highmark Inc., the Pennsylvania Senate voted today to confirm Joel Scott Ario as the state's insurance commissioner.[...]
Shares of UnitedHealth Group dropped to nearly a five-year low Thursday, a day after the company announced plans to cut 5 percent of its work force and a lower profit growth forecast for 2008.The Minnetonka, Minn.-based company's shares lost $2.16 or 8.6 percent, closing at $22.96, with a previous low [...]
Vinod Dham has lived the quintessential Silicon Valley rags to riches immigrant story. Born in Pune, India, he came to the U.S. in 1975 as an engineering student with just $8 in his pocket. He became a chip engineer and helped invent Intel’s first flash memory chip. He went on [...]
UnitedHealth Group has agreed to settle a federal securities class-action lawsuit brought by a group of major shareholders for $895 million. The move, coming at a time of financial challenges for the health plan industry as a whole, should have a big impact on UnitedHealth's operations. The company will cut [...]
Connecticut officials on Monday launched a new health insurance program, called the Charter Oak Health Plan, that is expected to expand coverage to 19,200 uninsured adults in its first year, the Hartford Courant reports.[...]
Aetna shares dropped 5 percent and Health Net tumbled 10 percent after a Goldman Sachs analyst slapped "sell" ratings on the two health insurers' stocks Thursday. Read More Topics:Economy (U.S.) | Stock MarketSectors:Insurance | Health CareCompanies:Humana Inc | Cigna Corp | Unitedhealth Group Inc | Nasdaq Stock Market, Inc. | [...]
