Jun 16, 2017

Medicare lifts sanctions on Cigna

Matt Rourke / AP

Cigna received clearance Friday from the Centers for Medicare and Medicaid Services to start marketing and selling its Medicare Advantage plans again. The federal agency sanctioned Cigna in January 2016 after discovering Cigna inappropriately denied care and prescription drugs to its Medicare Advantage customers.

Why it matters: Medicare Advantage, the private, narrow-network version of Medicare that enrolls almost 20 million seniors and disabled people, is a goldmine for health insurers. It's also a safe investment since the program has bipartisan support and will grow as more baby boomers age. The sanctions cost Cigna more than $500 million, including 107,000 lost Medicare members, but now it can re-enter the program now that the feds deemed the problems were fixed.

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Cuomo: Data suggests coronavirus curve may be flattening in New York

The total number of new hospitalizations, ICU admissions and daily intubations in New York have decreased each of the past three days — an indication that social distancing may be working, New York Gov. Andrew Cuomo said Monday.

The big picture: The governor's office has been tracking different models that predicted a peak of between 55,000 and 110,000 hospital beds needed for coronavirus patients in New York by the end of April. Data over the past few weeks suggests that hospitalizations may potentially be plateauing earlier than those models projected.

Go deeperArrow41 mins ago - Health

Acting Navy head called fired aircraft carrier captain "stupid" in address to crew

Acting Navy Secretary Thomas Modly. Photo: Chip Somodevilla/Getty Images

Acting Navy Secretary Thomas Modly told the crew of the USS Theodore Roosevelt Monday that its ousted commander, Capt. Brett Crozier, was "too naive or too stupid" to not realize that his letter pleading for help in battling a coronavirus outbreak onboard would be leaked to the press, according to a copy of his remarks obtained by CNN.

The big picture: Modly also floated the possibility that Crozier, who has since been diagnosed with coronavirus himself, leaked the letter deliberately. He called the act a "betrayal of trust, with me, with his chain of command."

Serological coronavirus testing could be key to economic reopening

Illustration: Sarah Grillo/Axios

America's economy won't reopen anytime soon, despite frantic CEO whispers, but a glimmer of hope may be emerging in the form of serological testing.

Why it matters: Serologic tests aren't to determine whether or not you're infected with coronavirus. They are to determine if you have potential immunity that could allow you to safely return to work.