Articles by Zachary Tracer

Employees’ Share of Health Insurance Costs Rising

Health insurance costs have been rising at historically low rates over the last several years. Yet it may not feel that way to consumers. While premiums — what companies and workers pay to buy health insurance– have been rising slowly, …

Affordable Care Act Marketplaces Enroll 9.9 Million

About 9.9 million people got health insurance coverage through the marketplaces set up by the Patient Protection and Affordable Care Act as of June 30, a decline from earlier in the year though still higher than the Obama administration’s target. …

Payroll Firm ADP to Compete with Brokers in Offering Health Exchange

Automatic Data Processing Inc., the payroll- processing giant, will offer companies a new way for their employees to select health benefits, challenging firms like Towers Watson & Co. and Marsh & McLennan Cos. ADP is introducing an online service known …

Anthem Reported Close to $48B Deal for Cigna

Anthem Inc. is near an agreement to buy rival Cigna Corp. for about $48 billion, two people with knowledge of the matter said. A deal would create the largest health insurer in the U.S. after almost a year of talks. …

Some Insurers Seeking 10-20% Rate Hikes on Obamacare Businesss

U.S. health insurers are submitting their 2016 rate requests for Affordable Care Act policies, with some asking for big increases as they adjust to customers who’ve recently gained coverage through the marketplaces. Many of the requests, which span hundreds of …

Employers’ Shift to Private Health Exchanges May Cost Employees More

To limit the rising cost of health care, U.S. companies are increasingly turning to private insurance exchanges that let employees shop for plans, according to research from Accenture Plc. About 6 million people got health insurance coverage via such online …

Premera Blue Cross in Washington Says Data on 11M Exposed by Hackers

Mountlake Terrace, Wash.-based Premera Blue Cross, which sells health insurance in the northwestern U.S., said information on 11 million people may have been exposed in a cyberattack uncovered six weeks ago. Hackers may have accessed information including names, Social Security …

High Stakes in Today’s Supreme Court Case on Obamacare Subsidies

U.S. hospital companies and health insurers face the highest corporate stakes when the Supreme Court hears arguments Wednesday to decide the fate of Obamacare’s subsidies that help people buy health coverage. Since the law’s 2010 signing, shares of HCA Holdings …

ING Plans $2 Billion Sale of Voya Stock to End Investment in U.S. Insurer

ING Groep NV, the biggest Dutch bank, said it will sell its remaining 19 percent stake in Voya Financial Inc., completing its slow-motion exit from its former U.S. insurance unit. Voya will repurchase $600 million of its shares in connection …

Paying Tribute to AIG, MetLife Chief Benmosche

Steve Miller called him tenacious. Steve Kandarian remembered his fighting spirit. As Maurice “Hank” Greenberg put it, Robert Benmosche, who died Friday at 70 after leading two of the biggest U.S. insurers, “was a fighter.” “If he had a fight, …