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Humana to set up wellness venture in Chicago

Humana Inc. said it will set up a joint venture to provide employers and health plan members with new wellness programs and services that reward workers for staying healthy.

Louisville-based Humana, one of the nation’s largest health insurance companies, said it will create a new company, based in Chicago, with Discovery Holdings of South Africa. Discovery owns the Vitality brand of wellness programs and services which work somewhat like airline miles in how they reward workers to stay healthy. Get the full story »

New health insurance spending rules finalized

New U.S. health insurance spending rules aimed at ensuring more customer dollars go toward medical care were finalized on Monday, ending a source of uncertainty for investors in the sector.

Though the limits are mandated in the new health care law, insurers such as Aetna Inc. and WellPoint Inc. did win some concessions from the U.S. government surrounding implementation of the rules and shares of health insurers mostly rose. Get the full story »

Humana to buy Concentra in $790M deal

Health insurer Humana Inc. plans its first broad foray into health care delivery in nearly two decades with its intended purchase of Concentra Inc. in an approximately $790 million cash deal announced Monday. Get the full story »

Health reform sets down ‘care’ coverage

Individuals and small businesses who buy health insurance can count on theirĀ  plans spending at least four in five premium dollars on medical care, a key tenet of the health care overhaul signed into law five months ago by President Barack Obama. Get the full story »