News Briefs: Anthem Completes Acquisition of IU Health Plans
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Jan 03, 2025
Anthem Blue Cross and Blue Shield has completed its acquisition of Indiana University Health Plans. IU Health Plans brings 19,000 Medicare Advantage members and 9,600 commercial insurance members to Anthem BCBS’s membership. “The acquisition of IU Health Plans supports Anthem Blue Cross and Blue Shield parent company’s whole-health strategy and will continue to support members, families, and communities across the entire care journey — connecting them to the care, support, and resources they need to lead healthier lives,” the insurer said in a statement.
The Cigna Group is joining union and employer groups in a lawsuit against the state of Minnesota over its PBM regulations. Cigna and the coalition, which includes the ERISA Industry Committee and the National Labor Alliance of Health Care Coalitions, claim that the Minnesota Pharmacy Benefit Manager Licensure and Regulation Act of 2019 violates the Employee Retirement Income Security Act (ERISA), which exempts states from regulating self-insured employer benefit plans. According to the lawsuit, Minnesota "has asserted the power to apply the act not only to benefit plans offered and insurance policies sold within the state, but also to plans and policies entirely outside of Minnesota and with no meaningful connection to the state.”
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