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Neighborhood loses $1.7 million in 2017, as proposed Medicaid cuts worry...

SMITHFIELD – Neighborhood Health Plan of Rhode Island posted a net loss of $1.7 million in 2017, and President and CEO Peter M. Marino...
HEALTHSOURCE RI reported a five percent increase in paying enrollees year over year. HSRI also said that 35 percent of paying enrollees were in the 18-34 age group. /COURTESY HSRI

HSRI: Paying customers up 5%

PROVIDENCE — HealthSource RI, the state’s Affordable Care Act exchange, reported that paying customers increased by 5 percent in 2018, with 18-34 -year-olds making...
CVS HEALTH CORP. PRESIDENT AND CEO Larry J. Merlo has vaulted the first hurdle in makiing the proposed CVS Health-Aetna merge a reality, as shareholders of both companies voted to approve the combination Tuesday. / COURTESY CVS HEALTH

CVS, Aetna shareholders approve merger

WOONSOCKET – By overwhelming margins, the shareholders of CVS Health Corp. and Aetna Inc. approved the proposed merger of the retail pharmacy and benefits...
Kim Keck grew up in Cumberland. As a fourth-generation Rhode Islander, she jumped at the chance to return to her home state to lead a company that has proudly served Rhode Islanders and local businesses for nearly 80 years. / COURTESY BLUE CROSS & BLUE SHIELD OF RHODE ISLAND

Deep local knowledge leads to the best outcomes

Kim Keck | Blue Cross & Blue Shield of Rhode Island CEO and presidentFor me, leading Blue Cross & Blue Shield of Rhode Island...
WALMART IS EXPERIMENTING with a number of ways to bring down its health care costs, including setting up accountable care organizations at many of its employment centers, where the retailer buys care directly from providers. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT

Amazon isn’t only retail giant trying to remake health care

NEW YORK – Amazon.com Inc. says it wants to remake health care for its workers. But its biggest rival is beating it to the...
CIGNA HAS MADE an offer to buy pharmacy-benefits manager Express Scripts, the last remaining large and independent PBM in the nation, in a deal whose total value is $69.6 billion. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI

Cigna to buy Express Scripts as health shakeout speeds up

NEW YORK – Cigna Corp. agreed to buy Express Scripts Holding Co. in an about $54 billion deal that builds on the rapid transformation...
INVESTORS THAT BOUGHT the bonds that CVS Health sold Tuesday to help finance its purchase of Aetna already have seen a gain in the value of their holdings, as the debt market reacts favorably to the deal.

CVS bond buyers get $450M windfall after mega sale

NEW YORK – Investors who managed to grab a piece of CVS Health Corp.’s mammoth $40 billion bond sale are already a little richer.The...
ACCORDING TO HSRI officials, the individual mandate expiration will cause as much as 50 percent premium spike for individual plans over the next three years.

Sherman: HSRI premiums may spike 50% without mandate

PROVIDENCE —  HealthSource Rhode Island’s 12 percent enrollment increase was the greatest among state-based Affordable Care Act exchanges this year, but the individual mandate...

Health stocks, including CVS, slump as Amazon-led group unveils efficiency plans

WILMINGTON, Del. – Health care stocks plunged after three companies led by Internet giant Amazon.com Inc. said they plan to collaborate on developing ways...
HIGHER RATES: The Office of the Health Insurance Commissioner has approved 18-20 percent increases in health insurance rates for silver-level plans in the individual marketplace, due to the elimination of cost-sharing reduction payments to insurers from the federal ­government. / BLOOMBERG 
FILE ­PHOTO/
ANDREW ­HARRER

OHIC’s approach saves R.I.ers significant financial pain

It might seem counterintuitive to praise Health Insurance Commissioner Marie L. Ganim for keeping the average cost increases in 2018 for the benchmark silver...
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