The Los Angeles Times reports today in an article entitled "Anthem, other health insurers are eyeing consolidation" by Chad Terhune that Anthem (the largest for profit insurer in California) is one of the potential bidders for Humana, Inc. The Los Angeles Times reports that Anthem had annual revenue of $73 billion and profit last year of $2.6 billion. The consolidation of insurance companies is a trend that has been predicted for years in the health care industry. Humana is sought after due to its expertise in managed care plans for Medicare patients.
What does this mean for providers? There will be fewer carriers and it will be critical to have managed care and insurance contracts with the largest providers as the health care industry consolidates.
Posted by Tracy Green, Esq.
