FILE - In this Nov. 17, 2009 file photo, a pedestrian walks past the headquarters of the health insurer Cigna Corp. in in Philadelphia. A federal judge on Wednesday, Feb. 8, 2017, rejected Anthem Inc.'s bid to buy rival health insurer Cigna Corp., saying the merger would likely lead to higher costs, less competition and diminished innovation. U.S. District Judge Amy Berman Jackson said the merger would significantly reduce competition in the already concentrated insurance market, particularly for large national employers.
"As it works, pharmaceutical companies negotiate with PBMs for greater market exposure for their products by offering steeper rebates in exchange for favorable formulary placement," Cubanski said. "The alternative is that PBMs place drugs on non-preferred tiers or don't cover medications on their formulary at all. So as plans consolidate, they might gain bargaining power with pharmaceutical companies since they control more market share. But at the same time, if formulary options diminish, patients may have fewer options for finding coverage of the drugs they take."
Half of America's population feels lonely, and young people in their late teens are the hardest hit, according to a landmark new survey of 20,000 people. The report, from health insurer Cigna and pollster Ipsos, revealed almost 50 percent of Americans always feel alone or left out. More than a quarter feel they have no one in their life that understands them, and 43 percent feel their relationships aren't meaningful. Contrary to popular belief, the study found under-22-year-olds feel far more isolated than the elderly, but social media use did not affect their feelings of isolation, as many are want to believe. The evaluation of loneliness was measured by a score of 43 or higher on the UCLA Loneliness Scale, a 20-item questionnaire developed to assess subjective feelings of loneliness, as well as social isolation.
"Recent moves by major insurers highlights the bend toward greater acceptance of digital health by payers, he adds. "For example, Cigna has committed $250 million in capital to Cigna Ventures to fund healthcare startups and emerging companies focused on digital health, care delivery and analytics. Cigna has been involved in venture activity, including investments in companies like Omada Health and Cricket Health. And Humana plans to open a new digital health and analytics center (Humana Studio H) in Boston that it hopes will eventually employ 250 people. Humana also named its first chief digital health analytics officer, who will be responsible for developing the company's digital health and analytics strategies.