Friday, April 18, 2014

Insurer Spends $100 Million In Three Months To Cover Hepatitis C Medicine

By  Coleen Elkins

Unitedhealthcare spent $100 Million Covering medication to treat Hepatitis C in the first 3 months of 2014. The cost is reportedly $80,000.00 per treatment. The expense is spread across all three lines of business at Unitedhealthcare which is Commercial, Medicare, and Medicaid. This cost is straining budgets of government run Medicare and Medicaid. The treatment was approved in December and caught insurers off guard and have impacted their profits in a negative way. Unitedhealthcare also commented President Obama allowing insured to keep their 2013 plans has hurt profits as they premiums are lower than the plans for 2014.

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