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Calif., N.Y. approve Cigna-Express Scripts merger with conditions

  • Updated December 14, 2018
By Shelby Livingston  | December 13, 2018 ( California and New York regulators approved health insurer Cigna Corp.’s acquisition of pharmacy benefit manager Express Scripts on Thursday, bringing the $67 billion deal a step nearer to closing. The California Department of Managed Health Care approved the deal with conditions, including that the combined company not raise […]
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State-Run Retirement Savings Plan OK’d, Mandatory Enrollment Coming in 2020

  • Updated December 6, 2018
California employers that don’t already offer a workplace retirement savings vehicle will be required to either begin offering one via private market or provide their employees access to CalSavers, a state-run retirement savings plan, as early as June 2020. The CalSavers pilot program is open for employers to enroll; however, mandatory enrollment and contributions don’t […]
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Fall Back: Daylight Saving Time Ends Sunday

  • Updated November 2, 2018
Click here to read the article online. It’s time to grab that extra hour of sleep this weekend! More specifically, at 2 a.m. on Sunday, November 4, we’ll set our clocks back one hour as daylight saving time comes to a close. Believe it or not, the twice-yearly time change at 2 a.m. generates questions […]
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Traditional Brokers Pushing Into Voluntary Benefits Turf

  • Updated October 16, 2018
Click here to read the article online. By Cyril Tuohy Traditional employee benefit brokers continue to make inroads against brokers who specialize in selling voluntary benefits in the competition for employer business. The percentage of brokers selling or cross-selling voluntary benefits to their employer accounts climbed to 57 percent this year from 48 percent three […]
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Justice Department Approves CVS, Aetna Merger

  • Updated October 11, 2018
Click here to read the article online. The Wall Street Journal  (10/10, Mathews, Maidenberg, Subscription Publication) reports that on Wednesday, the Department of Justice gave its approval to CVS’ Health Corp.’s acquisition of Aetna Inc. USA Today  (10/10, Snider) reports, “CVS must divest Aetna’s Medicare Part D prescription drug plan business for individuals as part […]
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Anthem to Buy Cigna for $54 Billion, Creating Nation’s Largest Insurer

  • Updated July 25, 2015
Click here to read the article online. By Chad Terhune, July 24, 2015, Los Angeles Times Anthem Inc. has agreed to acquire rival Cigna Corp. for $54 billion, creating the health insurance industry’s biggest company by enrollment. The agreement announced Friday caps weeks of frenzied deal making in the healthcare sector. Aetna Inc. reached a […]
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Health Net to be Acquired for $6.8 Billion

  • Updated July 7, 2015
Click here to read the article online. By Chad Terhune, July 2, 2015, Los Angeles Times Woodland Hills insurer Health Net Inc. has agreed to be acquired for $6.8 billion by a St. Louis rival in what may be the start of an industry-wide merger wave. Centene Corp. on Thursday said it would buy Health […]
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Big Day for Health Care Bill Passage

  • Updated June 11, 2015
Floor sessions on Tuesday in the state Senate and Assembly were fast-paced affairs. The deadline to pass bills out of their house of origin is June 5 so the legislation queue on Tuesday was pretty long and resulted in a rapid-fire pace.
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