Molina Healthcare, Inc. stated that it has reached an agreement to buy AgeWell New York’s Medicaid Managed Long Term Care business. The transaction’s purchase price is around $110 million, excluding certain tax benefits and Molina’s projected allocation of required regulatory capital. “The addition of AgeWell to Molina’s expanding New York footprint is not only complementary to our existing MLTSS business but also representative of our strategic growth strategy,” said Joe Zubretsky, president and chief executive officer of Molina Healthcare. “Our highest priority is to serve all Molina members with quality care and compassion, and we anticipate a seamless integration.”

Source: Business Wire

Blue Shield of Massachusetts (Blue Cross) has been named one of the top health plans in the country once again by the nation’s authority on health plan quality.
The National Committee for Quality Assurance gave Blue Cross’ Commercial HMO/POS and Commercial PPO plans 4.5 out of 5 stars, putting the not-for profit health plan in the top 10% of commercial health plans in the country for clinical quality and member experience.”It’s more critical than ever that we’re there for our members, serving as trusted allies during a time of great uncertainty and worry,” said Blue Cross President & CEO Andrew Dreyfus. “We’re proud to again be recognized as one of the top health plans in the country – it’s a testament to the work of our employees and their unwavering commitment to our members.”

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Oscar Health, Inc., the first health insurance company built on a full-stack technology platform, announced that, in collaboration with the University of Miami Health System and Jackson Health System, it will begin offering Oscar Individual and Family health insurance plans across Miami-Dade County in 2022. As a result of these, in South Florida will have access to a more streamlined clinical and insurance experience.More individual will have access to better health care because to the University of Miami Health System and Jackson Health System’s renowned provider networks, as well as Oscar’s consumer-centric, tech-driven approach to customer service and care navigation.

Read more at DistilINFO Healthplan