Workflow
Health Insurance
icon
Search documents
Meridian Health Plan of Illinois Commits $1.15 Million to Expand St. Louis Area Foodbank Mobile Pantry Program
Prnewswire· 2025-12-02 14:39
Core Insights - Meridian Health Plan of Illinois, Inc. has announced a $1.15 million grant over three years to support the Food On The Move mobile food pantry program, which aims to provide healthy food to underserved populations in Illinois [2][4]. Group 1: Grant and Program Details - The grant will fund over 300 mobile market distributions throughout Metro East and Southern Illinois, targeting low-income areas with limited access to nutritious food [3]. - In 2024, Food On The Move supported approximately 12,000 individuals across 4,300 households, and by May 2025, it reached nearly 18,700 people in over 6,500 households [5]. Group 2: Community Impact - More than 1.6 million residents in Illinois face food insecurity, with St. Clair County having an estimated 34,520 food-insecure individuals, representing 13.5% of the population [4]. - The program is expected to serve an anticipated 60,000 community members through 2028, significantly enhancing access to healthy food and nutrition education [5]. Group 3: Program Features and Community Engagement - The mobile pantry allows individuals to choose foods that fit their household needs, serving up to 100 families at each stop, which promotes dignity and respect [7]. - Starting in 2026, Meridian will collaborate with local healthcare providers to offer health screenings and vaccinations at selected Food On The Move events [8].
X @Bloomberg
Bloomberg· 2025-12-02 13:32
Curative, a startup health insurance company that aims to reduce costs by encouraging people to get preventative care, has raised more than $150 million in a bid to redesign how employer health benefits work https://t.co/FPeC2QBfsK ...
Highmark Inc. extends partnership with CGI to enhance and strengthen claim payment programs and drive innovation
Prnewswire· 2025-12-02 13:00
Core Insights - CGI has renewed and expanded its partnership with Highmark Inc., focusing on enhancing payment integrity through the CGI ProperPay platform, which has been in place for over a decade [1][2][3] Partnership Details - The new contract includes enhanced data analytics and recovery audit capabilities to support Highmark's claims review initiatives, resulting in year-over-year improvements in recoveries and a 98% uphold rate on audit findings [2][3] - Highmark has reported measurable increases in average savings per review on inpatient claims while maintaining operational efficiency and strengthening provider relationships due to the partnership with CGI [3] Technological Advancements - CGI's ProperPay platform utilizes predictive modeling and case selection optimization to improve audit capabilities, contributing to the overall success of Highmark's payment accuracy efforts [3] - CGI is exploring the introduction of new AI-powered capabilities to further enhance outcomes and automate high-volume review workflows [4] Company Overview - CGI is one of the largest independent technology and professional services firms globally, with reported revenue of CA$15.91 billion for fiscal 2025 and a workforce of 94,000 professionals [4]
A $250K heart attack: Cheap plans leave Americans with huge medical bills. But here's why their popularity may only grow
Yahoo Finance· 2025-12-02 12:30
When insurance bills start arriving with six-figure totals, it's already too late. That's the harsh lesson learned by Americans who purchased what seemed like legitimate health insurance — only to discover after surgery that their "affordable" policies were nearly worthless. An Arkansas salesman faces $116,000 in bills for neck surgery. A Wyoming retiree owes $82,000 after heart failure treatment. A Florida chef is stuck with over $100,000 for knee replacement. All three purchased short-term health plans ...
Is UnitedHealth an Undervalued Stock to Buy Now?
The Motley Fool· 2025-12-02 11:38
Core Insights - The U.S. healthcare industry is currently facing significant challenges, including political battles over the Affordable Care Act (ACA) subsidies and rising healthcare costs impacting consumers [1][4] - UnitedHealth Group has experienced a nearly 50% decline in stock price due to various issues, including the death of its CEO and rising Medicare costs [2][3] - The company is implementing strategies to stabilize profits, including raising premiums and shedding unprofitable business segments, which may lead to a loss of up to 1 million Medicare Advantage members [6][7] Industry Overview - The ongoing political debate regarding the renewal of ACA subsidies is critical, as the expiration of these subsidies could lead to increased premiums for consumers [4] - Rising living expenses and healthcare costs are straining consumers, making healthcare a contentious issue in the U.S. [1] Company Performance - UnitedHealth Group reported a significant drop in operating margin from 5.6% to 2.1% in the third quarter due to unexpected care costs in its Medicare business [3] - The company is raising premiums for ACA exchange policies by an average of 25%, which could reduce enrollment by up to two-thirds [7] Financial Outlook - Management has slightly increased the full-year earnings guidance from $16.00 to $16.25 per share, with long-term earnings growth expected at an annualized rate of 13% to 16% [9] - The stock trades at over 20 times the updated earnings guidance, presenting a compelling price-to-earnings ratio with a PEG ratio of 1.25 to 1.50 [10] - Even with a conservative growth estimate of 10%, the stock maintains a reasonable PEG ratio of 2.0, indicating some margin of safety [11] Risks and Considerations - The primary threat to UnitedHealth Group is the potential for government intervention in the healthcare sector, which remains a contentious issue during elections [12] - Despite negative publicity and allegations of misconduct, the company is viewed as a key player in a profitable industry, suggesting it may be undervalued at present [12]
UnitedHealth to offload Banmedica to Patria Investments for $1bn
Yahoo Finance· 2025-12-02 11:34
UnitedHealth Group has reached an agreement to divest its South American unit Banmedica to private equity group Patria Investments for $1bn (CI$831.99m), reported Reuters, citing sources. UnitedHealth began its efforts to exit Latin America in 2022, having already divested its operations in Brazil and Peru. Discussions regarding the sale of Banmedica have taken place over nearly one year. Banmedica operates in Colombia and Chile. By June, after its withdrawal from Peru, Banmedica reported 1.7 million h ...
UnitedHealth: Axing Another Distraction, Onto 2026 (NYSE:UNH)
Seeking Alpha· 2025-12-01 22:22
分组1 - UnitedHealth Group Incorporated (UNH) has experienced significant management changes and a surge in medical cost ratio due to higher-than-expected usage, indicating a volatile year for the company [2] - BAD BEAT Investing, led by Quad 7 Capital, has a history of providing investment opportunities and has maintained an average position of 95% long and 5% short since May 2020 [2] - The investment group focuses on short- and medium-term investments, income generation, and momentum trades, aiming to teach investors to become proficient traders through detailed research and clear entry and exit targets [2] 分组2 - BAD BEAT Investing offers various benefits, including weekly trade ideas, access to multiple chat rooms, daily analyst upgrade/downgrade summaries, and resources for learning basic options trading [2] - The team at BAD BEAT Investing has a diverse expertise in business, policy, economics, mathematics, game theory, and sciences, enhancing their research quality [2]
Mangione shown videos of UnitedHealthcare CEO killing in court
Sky News· 2025-12-01 22:05
Core Points - The case involves the murder of UnitedHealthcare CEO Brian Thompson, with Luigi Mangione pleading not guilty to state and federal charges [1][2] - Mangione's defense is attempting to exclude key evidence, including a handgun and a notebook that allegedly indicate his intent to harm a health insurance executive [2][8] - The incident has raised significant legal questions regarding the conduct of law enforcement during Mangione's arrest and the admissibility of evidence [8][9] Group 1: Incident Details - Brian Thompson was shot dead on December 4, 2022, while heading to a company investor conference in New York City, leading to a five-day manhunt for the suspect [2] - Mangione was arrested after being recognized by a McDonald's employee in Pennsylvania, who alerted authorities [3] Group 2: Legal Proceedings - During a court appearance, surveillance videos of Thompson's killing and Mangione's arrest were shown, with Mangione displaying no emotion [4][5] - Mangione's lawyers are contesting the legality of the evidence obtained during his arrest, arguing it violates his right to a fair trial [8] - If successful in excluding the gun and notebook, it would significantly weaken the prosecution's case, as these items are crucial to establishing motive and means [9]
Class Action Filed Against Molina Healthcare, Inc. (MOH) Seeking Recovery for Investors – Contact Levi & Korsinsky
Globenewswire· 2025-12-01 21:13
NEW YORK, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Molina Healthcare, Inc. ("Molina" or the "Company") (NYSE: MOH) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Molina investors who were adversely affected by alleged securities fraud between February 5, 2025 and July 23, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/molina-healthcare-inc-laws ...
5 Things To Know: December 1, 2025
Youtube· 2025-12-01 11:59
Group 1 - President Trump has made a decision regarding the next Federal Reserve chair but has not disclosed the name [1] - Disney's "Zootopia 2" has generated $156 million domestically over the Thanksgiving weekend and over $550 million globally since its release, marking the best debut for an animated film [2] - United Health Group is reportedly selling its last South American business to a Brazilian private equity group for $1 billion [3] Group 2 - South Korean police are investigating a significant data breach at ecommerce giant Kong, affecting over 33 million customers [2] - Data analytics firm Databricks is in discussions to raise $5 billion at a valuation of $134 billion [2]