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  • Reuters4 days ago

    Humana, Health Net win U.S. defense contracts -Pentagon

    Humana Government Business Inc, a unit of Humana Inc, and Health Net Federal Services LLC have been selected to provide managed care support to the U.S. Defense Department's TRICARE healthcare program, the Pentagon said on Thursday. The total potential value of Humana's contract, including all option periods, is estimated at $40.5 billion. The instant award, which comprises the nine-month base period, is valued at $67.4 million, the Pentagon said in a statement.

  • American City Business Journals2 months ago

    Consumer group says Oregon insurers haven’t justified huge rate requests

    Oregon insurers haven’t made a strong enough case for rate hikes, with several appearing to overstate how much medical costs are going up, while attempting to increase profits, says a new analysis from the consumer nonprofit OSPIRG Foundation. “We’re definitely urging the state to scrutinize the basis for the rate increases closely and for state leaders to hold the whole industry accountable," said Jesse O’Brien, policy director with OSPIRG. A number of national studies have found a slowdown in health care cost growth, but Regence BlueCross BlueShield of Oregon is projecting an 8.4 percent increase in medical costs.