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ORCRP004048
A collection of news and information related to Coventry Health Care Inc. published by this site and its partners.
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CareFirst proposes 25 percent rate increase under health care reform
Blaming the cost to implement health care reform, the state's largest health insurer has proposed eye-popping rate increases to state regulators for individuals and small businesses. CareFirst BlueCross BlueShield wants to raise rates an average of 25...
Tags: Judges, Executive Branch, Patient Protection and Affordable Care Act, Justice System, CareFirst BlueCross BlueShield
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U.S. stocks end higher despite negative news much of year
Despite all the cliff drama in the past week that sent stocks spiraling downward, all three major U.S. stock indices ended the year higher — which might come as a surprise to many investors
U.S. stocks rallied Monday in the last hours of trading...Tags: Mutual Funds, European Central Bank, Vocus Incorporated, Media Industry, Sourcefire, Inc.
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Insurer to pay $3 million to avoid prosecution in Medicare case
A Bethesda-based insurance company that gained advantage over competitors by allowing its employees to inappropriately access a federal Medicare database has agreed to pay the federal government $3 million to avoid criminal prosecution, according to the...Tags: Medicare, Health Insurance, Justice System, Insurance, Bethesda (Montgomery, Maryland)
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$5.6B deal positions Aetna for changing health care market
Aetna's plans announced Monday to acquire Coventry Health Care Inc. for $5.6 billion could catapult the insurance giant to the front of an industry race to capitalize on Obamacare and the health needs of aging baby boomers. The deal, subject to...
Tags: Medicare, Patient Protection and Affordable Care Act, Cigna Corporation, Humana Incorporated, Companies and Corporations
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One Baltimore company on Fortune 500 list — for last time
Baltimore made the newest Fortune 500 list by the skin of its teeth — with a company that was based here last year but is now part of an out-of-state concern.
Constellation Energy Group, which merged with Chicago-based Exelon Corp. in March, is No....Tags: Marriott International Inc., Johns Hopkins University, Fort Meade (military base), Baltimore Hotels, Business Enterprises
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Lost 'Fortune'
Walk the streets of downtown Baltimore, and you might feel the presence of its corporate ghosts. On Gay Street, perhaps you'll meet Alexander Brown, the Irish immigrant who started the nation's first investment firm here more than 200 years ago.
Head...Tags: History, Mayo A. Shattuck III, Business Enterprises, Deutsche Bank AG, Companies and Corporations
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Redmer lays HMO cost rise to Democrats
Sun StaffRebuffing partisan calls for his resignation, state Insurance Commissioner Alfred W. Redmer Jr. defended yesterday his handling of requests from insurers to pass on a recently approved 2 percent HMO tax to consumers, saying he is following the procedure...Tags: John Adams, Executive Branch, Justice System, Paula C Hollinger, CareFirst BlueCross BlueShield
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Salary comparisons difficult to make for CareFirst's chief
Sun StaffCareFirst BlueCross BlueShield is a nonprofit - except that it pays taxes unlike a charity, competes with for-profit insurers, tried to convert to a for-profit itself and is currently promoting its charitable efforts to stave off critics. Got that? If...Tags: Corporate Officers, CareFirst BlueCross BlueShield, Insurance, Wages and Pensions, Charity
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Once-hot stock option programs losing some luster
Sun StaffIt wasn't so long ago that stock options were the equivalent of corporate America's lottery. That still may the case be for a handful of Maryland executives. Among those who got mega-grants last year, Coventry Health Care Inc. CEO Dale B. Wolf...Tags: Microsoft Corporation, Stock Broking, Companies and Corporations, Auto Trends, Maryland
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CEOs find that pay is now tied to results
Sun StaffAt first glance, Nolan D. Archibald might seem like a perfect example for critics of runaway executive pay. The chief executive of Black & Decker Corp. pulled in a base salary of nearly $1.5 million and a bonus of $3 million last year while...Tags: Peter Kennedy, Companies and Corporations, Auto Trends, Shareholders, CEO Pay
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US senator says Sebelius should stop healthcare fundraising
Reuters* House Republicans seek identity of companies contacted * Senate Republican calls on Sebelius to cease fund-raising By David Morgan WASHINGTON, May 13 (Reuters) - An Obama administration effort to raise private donations to help implement President...Tags: Justice System, U.S. Department of Health and Human Services, Humana Incorporated, Physical Fitness and Exercise, Lamar Alexander
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Senator says Sebelius should stop healthcare fundraising
ReutersWASHINGTON (Reuters) - An Obama administration effort to raise private donations to help implement President Barack Obama's healthcare reform law came under fire on Monday from congressional Republicans who claim the action could violate the law. As...Tags: Justice System, U.S. Department of Health and Human Services, Humana Incorporated, Physical Fitness and Exercise, Republican Party
Apr 24, 2013
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