Doug Bailey

Massachusetts

Writer and Editor at Freelance

Professional writer, Corporate Consultant, media manager, public relations executive

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Articles

DOJ joins lawsuit against major carriers alleging Medicare kickback scheme

1 week ago | insurancenewsnet.com | Doug Bailey

Federal prosecutors have accused three of the country’s biggest health insurers—Aetna, Humana, and Elevance Health (formerly Anthem)—of taking part in a massive kickback scheme that allegedly defrauded Medicare and put some of the nation’s most vulnerable citizens at risk.
Cigna reports strong Q1, completes Medicare divestiture

1 week ago | insurancenewsnet.com | Doug Bailey

The Cigna Group reported a strong start to the year, with first-quarter 2025 revenues rising 14% to $65.5 billion, driven by growth in its Evernorth Health Services and Cigna Healthcare segments. Shareholders' net income was $1.3 billion, or $4.85 per share, compared with a loss in the same quarter last year. Adjusted income from operations came in at $1.8 billion, or $6.74 per share. Cigna also raised its full-year adjusted earnings outlook to at least $29.60 per share.
CVS reports strong Q1 earnings, will exit Aetna’s ACA plans

1 week ago | insurancenewsnet.com | Doug Bailey

CVS Health Corp. reported a strong start to 2025, with first-quarter revenue climbing 7% to $94.6 billion, driven by growth across all business segments. Adjusted earnings per share rose sharply to $2.25 from $1.31 a year ago, beating the Wall Street consensus estimate by $0.58 per share. The company said its results were buoyed by significant gains in the Health Care Benefits segment and a favorable comparison to litigation charges last year.
Lawsuits target top 25 Calif. insurance carriers, allege wildfire coverage collusion

2 weeks ago | insurancenewsnet.com | Doug Bailey

California consumers and litigators are firing back at the stateâ€™s insurance companies and regulators for what they contend was a conspiracy to eliminate standard property policies and force homeowners to accept the state's beleaguered insurance plan of last resort, the California FAIR Plan.
After slow period, insurance brokerage M&A's come roaring back

3 weeks ago | insurancenewsnet.com | Doug Bailey

After a rocky stretch and a bit of pandemic-era belt-tightening, the insurance brokerage world came roaring back to life in 2024. Fueled by a flood of private equity money and a handful of blockbuster acquisitions, the industry posted its third-most active M&A year on record, according to MarshBerryâs latest report. And this year might end up even bigger. All told, there were 847 announced transactions in the U.S. last year â up 5% from 2023.
Despite Medicaid pressures, Elevance reports strong Q1 earnings

3 weeks ago | insurancenewsnet.com | Doug Bailey

Elevance Health Inc. (NYSE: ELV) reported strong first quarter 2025 earnings Tuesday, with operating revenue rising 15.4% year-over-year to $48.8 billion. The Indianapolis-based healthcare giant also posted a 4.1% gain in adjusted operating income to $3.3 billion, despite margin pressure in its Medicaid segment. Adjusted diluted earnings per share came in at $11.97 for the quarter, and the company reaffirmed its full-year 2025 guidance range of $34.15 to $34.85.
Tariffs hit auto repair costs hard, add uncertainty, say experts

3 weeks ago | insurancenewsnet.com | Doug Bailey

The Trump administration’s sweeping tariffs on imported goods is perhaps impacting the automotive and insurance industries like no other – prompting higher repair costs, shifts in consumer behavior, and increased demand for used and recycled parts. That was the central message from Ryan Mandell, Director of Claims Performance at Mitchell International, during an online seminar hosted this week by the Collision Industry Electronic Commerce Association (CIECA).
Entitlement programs will survive, but likely at a cost, experts say

1 month ago | insurancenewsnet.com | Doug Bailey

Amid all that sturm and drang over drastic cuts in government programs led by President Trump’s chief cost cutter Elon Musk is the realization that, despite fears, entitlement programs –Social Security, Medicaid and Medicare – will survive largely intact. That’s not to say there won’t be some costly and uncomfortable changes coming. But experts generally believe that the entitlements’ record of being “untouchable” will remain.
Where GaN can, it should, and GaN can in more and more places

Jan 20, 2025 | wevolver.com | Doug Bailey

SiC v GaN v SJ MOSFETs v IGBTs? Each has its place and that’s why we, at Power Integrations, do not treat GaN as a market, it’s a technology. It’s just one of many in our armoury, along with SiC and various different MOSFET technologies and we use what we determine to be the most appropriate, application by application.
Quality, Robustness and Reliability - Breaking Down the Bathtub

Nov 27, 2024 | wevolver.com | Doug Bailey

Gallium nitride (GaN) offers significant benefits of increased efficiency and power density, and allows designers to meet far more challenging power supply specifications than they can with silicon MOSFETs. One reasonable concern about any new technology that offers game-changing benefits is robustness and reliability. To address any doubts that potential users may have, let’s discuss the robustness, reliability and quality of GaN.