IBJNews

ER doc is affable WellPoint activist

Back to TopCommentsE-mailPrintBookmark and Share

It looks like Dr. Rob Stone will continue to be a cheery thorn in the side of WellPoint Inc.

On Tuesday, he presented a proposal at WellPoint’s annual shareholders' meeting calling for a feasibility study on converting the giant Indianapolis-based health insurer into a not-for-profit entity. The measure didn’t pass—probably not by a long shot. Vote totals will be released in coming days.

“No surprise. I didn’t think we’d pass,” Stone said afterward in his typically affable tone.

Stone, an emergency room physician from Bloomington, said he’s just hoping for 3-percent approval from WellPoint shareholders—the minimum needed to bring the same proposal back next year.

Meanwhile, Stone proposed a new way to cajole WellPoint to his way of thinking: Be on WellPoint’s board of directors. He thinks new rules being adopted by the U.S. Securities & Exchange Commission might make it easier for shareholders to nominate their own candidates for a company’s board.

“I may seek such a nomination in 2011,” Stone told WellPoint brass at the shareholder meeting. He then deadpanned, “Unless, of course, the board itself might see fit to nominate me.”

Stone is probably the last person WellPoint wants on its board. He wants a Medicare-for-all national insurance system that would render WellPoint, at best, a government contractor for processing medical claims. He owns just a handful of shares, but has used them to make critical comments at the annual meeting the past four years. He also has helped organize four straight protests outside WellPoint's headquarters on Monument Circle.

This year, that protest ended with a crowd chanting against Angela Braly, the chairwoman of WellPoint's board, "Hey hey, ho ho, Angela Braly's got to go."

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
thisissue1-092914.jpg 092914

Subscribe to IBJ
ADVERTISEMENT