Daily Archives: March 9, 2018

CIGNA to acquire ExpressScripts

After CVS agreed to acquire insurer Aetna, CIGNA has agreed to purchase express scripts for $67 billion.  Express Scripts is the largest pharmacy benefit manager (PBM) in the country.  This continues the remake of the nations healthcare system through merger and acquisition:


“Aetna and CVS have said they hope to create “front doors” to healthcare through 9,800 stores run by CVS. That deal could turn many of the chain’s stores into one-stop-shop locations for an array of healthcare needs like blood work and eye or hearing care, in addition to their traditional role of filling prescriptions.

UnitedHealth Group Inc., which runs the nation’s largest insurer, is spending almost $5 billion to buy nearly 300 primary and specialty care clinics and some urgent care and surgery centres. That push will help the company steer patients away from expensive hospital care.

Another insurer, Humana Inc., is making a separate deal to better manage the care of its Medicare Advantage patients.”

Medi-Share expansion in Florida?

According to an article in the Orlando Sentinel, legislation is in moving forward in Florida allow this:


“TALLAHASSEE — A bill that could increase enrollment in health-care sharing ministries is headed to Gov. Rick Scott.

The House passed the measure (SB 660) by an 89-27 vote late Wednesday, with opposition coming from Democrats who expressed concerns that the Florida Office of Insurance Regulation doesn’t regulate such sharing arrangements. The Senate voted unanimously to pass the bill earlier in the session.

Health-care sharing ministries have been exempt from Florida’s insurance code since 2008 and limit participation to people who share the same religious beliefs. The bill would broaden current law to include people with the same set of ethical beliefs.

The bill, if signed by Scott, would benefit some large health-care ministries, including Melbourne-based Christian Care Ministries and its cost-sharing program known as Medi-Share.

Last year, Medi-Share, which promotes itself as “God-honoring health care” served 300,000 members nationwide who agreed to attest to a “statement of faith” that, among other things, said the Bible is “God’s written revelation to man and is verbally inspired.”

People who obtain coverage agree to not use illegal drugs, alcohol or tobacco and refrain from having sex outside of marriage or abusing legal drugs.

Members of ministries such as Medi-Share pay monthly membership fees or contributions. According to Med-Share’s website, the share is matched monthly with other people’s medical bills. Members know each month whose “eligible” bills they are helping to pay.

Enrollment in the ministries has grown since passage of Obamacare. That’s because it contains a provision exempting ministries that meet certain requirements from having to comply with the law, which required insurance companies to provide access to birth control.”

March 2018
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Reeve Conover is a Registered Representative. Securities offered through Cambridge Investment Research, Inc., a Broker/dealer member FINRA/SPIC. Cambridge and Conover Consulting are not affiliated. Licensed in SC, NC, NY, CT, NJ, and CA.
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