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UnitedHealth Group

Former GSK CEO chosen to head Optum

MINNEAPOLIS — UnitedHealth Group has tapped former GlaxoSmithKline PLC (GSK) chief executive officer Sir Andrew Witty as the next CEO of Optum, its health services, technology and pharmacy benefits management unit. The appointment is effective July 1. Witty, 53, will succeed Larry Renfro, who is set to lead UnitedHealth Group’s enterprise growth efforts and Optum’s

Ex-GSK CEO Andrew Witty to take helm at Optum

Ex-GSK CEO Andrew Witty to take helm at Optum

MINNEAPOLIS — Former GlaxoSmithKline plc chief executive officer Sir Andrew Witty has been named CEO of Optum, the health services, technology and pharmacy benefits management unit of health insurance giant UnitedHealth Group. Plans call for Witty to start as Optum CEO on July 1. He takes over from Larry Renfro, vice chair of UnitedHealth Group, who has

CVS Health shareholders OK Aetna acquisition

CVS Health shareholders OK Aetna acquisition

WOONSOCKET, R.I. — Shareholders of CVS Health voted overwhelmingly to approve the company’s $69 billion deal to acquire health insurer Aetna Inc. CVS said that in a special stockholders meeting on Tuesday, more than 98% of shares were voted in favor of the CVS-Aetna merger agreement, which was announced in early December. Also at a

Realignment in U.S. health care sector accelerates

Realignment in U.S. health care sector accelerates

NEW YORK — The U.S. health care industry has been in flux for a number of years, but the pace of transformation now appears to be accelerating rapidly. Several of the biggest players in the U.S. health care sector are making moves to confront an uncertain future — one that may bring unwelcome competition and

Reports: CVS may be near deal to buy Aetna

Reports: CVS may be near deal to buy Aetna

NEW YORK — A deal for CVS Health to acquire Aetna Inc. could happen by the end of the month, published reports say. Citing anonymous sources, The Wall Street Journal reported Monday that CVS was nearing a $66 billion agreement to buy the health insurer, according to reports. The news of a potential CVS-Aetna merger

CVS, OptumRx are teaming up

WOONSOCKET, R.I. — CVS Pharmacy is partnering with OptumRx, the PBM subsidiary of UnitedHealth Group, to boost convenience and lower costs for consumers and clients while improving outcomes. The two companies will offer employers a new pharmacy network program providing eligible OptumRx members the option to fill 90-day prescriptions at prices equal to home delivery

CVS Pharmacy partners with OptumRx

CVS Pharmacy partners with OptumRx

WOONSOCKET, R.I., and CHICAGO — UnitedHealth Group’s OptumRx aims to bring more prescription drug and pharmacy care options to clients and members through a new partnership with CVS Pharmacy. The companies said Tuesday that they will offer employers a new pharmacy network solution enabling eligible OptumRx members to fill 90-day prescriptions at the more than

Affordable Care Act up against more headwinds

Affordable Care Act up against more headwinds

WASHINGTON — The pullback of health insurance companies from the Affordable Care Act has focused a harsh light on President Obama’s signature legislative achievement. Most recently, Aetna Inc. decided to drop out of ACA health insurance exchanges in 11 states with about two-thirds of the 778 counties where it now offers coverage. It will continue

Affordable Care Act encounters new headwinds

Affordable Care Act encounters new headwinds

NEW YORK — UnitedHealth Group Inc. may pull out of Affordable Care Act health insurance exchanges in 2017 after losing what it said were hundreds of millions of dollars on policies sold under the law. The company, the nation’s largest health insurer, significantly cut its 2015 profit estimates based on losses on individual policies sold

PBMs OptumRx, Catamaran to merge in $12.8 billion deal

PBMs OptumRx, Catamaran to merge in $12.8 billion deal

NEW YORK and SCHAUMBURG, Ill. — Reflecting the ongoing consolidation in the pharmacy benefit management (PBM) sector, UnitedHealth Group plans to acquire Catamaran Corp. in a deal valued at $12.8 billion. The companies said Monday that Catamaran would integrated into OptumRx, UnitedHealth’s freestanding pharmacy care services business and part of its Optum health services unit.