Health Insurance

Anthem Blue Cross withdraws big California rate hike

April 29, 2010
Associated Press
Anthem Blue Cross withdrew plans to raise health insurance rates for Californians by as much as 39 percent after an independent audit determined the company's justification for raising premiums was based on flawed data.
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Q&A

April 28, 2010
J.K. Wall
Dr. Stanley Adkins is chief medical officer of Indianapolis-based AmeriVeriCR, a startup that uses software to review medical claims for errors. With health care reform and a new, larger set of diagnosis codes phasing in over the next few years, AmeriVeri is betting that demand for its service will increase.
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WellPoint profits rise, beat analysts' expectations

April 28, 2010
J.K. Wall
The Indianapolis-based health insurer was helped in first quarter by a mild flu season, but it now expects to lose nearly 700,000 customers by year end.
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WellPoint gets lashing from Sebelius, again

April 26, 2010
J.K. Wall
Indianapolis-based health insurer trades jabs with U.S. health secretary after Reuters story claims insurer deliberately cancels coverage for breast cancer patients.
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Rockefeller: Insurers don't spend enough on medical care

April 15, 2010
Bloomberg News
Indianapolis-based WellPoint “reclassified” more than half a billion dollars of administrative expenses as medical expenses when it was defining its medical-loss ratio, according to a report released by U.S. Senator Jay Rockefeller’s office.
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Q&A: Jim Parker

April 14, 2010
J.K. Wall
Jim Parker was an executive at Anthem Blue Cross and Blue Shield and WellPoint for 14 years, including a year and a half as chief of staff to CEO Angela Braly. He now is president of his own consulting firm, Meridian Strategic Advisors, in Indianapolis. He spoke about the impact of the new health reform law on health insurers.
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Employers want cake, and to eat it, too

April 13, 2010
J.K. Wall
Employers are still trying to get their arms around what the new health insurance law will mean for them. But on the eve of the law's passage last month, a survey by Indianapolis-based United Benefit Advisors LLC showed employers as a group had no hope the law would reduce their costs but also no coherent plan for reforming the current system.
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WellPoint, UnitedHealth, grapple with medical-cost mandate

April 13, 2010
Bloomberg News
A U.S. mandate forcing insurers led by UnitedHealth Group Inc. and WellPoint Inc. to spend 85 percent of revenue from premiums on medical care is the newest front in the battle between the Obama administration and companies over industry profits.
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Members: Anthem health plans subpar

April 7, 2010
J.K. Wall
Anthem Blue Cross and Blue Shield of Indiana fell slightly below average for customer satisfaction among scores of health plans, according to a new survey by California-based J.D. Power & Associates.
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Shareholder group wants WellPoint to become not-for-profit

April 6, 2010
J.K. Wall
Proposal at annual meeting will ask health insurer to study feasibility of converting to not-for-profit status.
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WellPoint faces biggest changes under new law

March 31, 2010
J.K. Wall
The Indianapolis-based health insurer has more individual and small-business customers than its major competitors, increasing the impact of health reform.
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Employers fret over health care overhaul

March 27, 2010
J.K. Wall
Most employers in central Indiana are just beginning to figure out what the health insurance reform bill will mean for their businesses. Caterpillar Inc., which employs nearly 1,500 at an engine plant in Lafayette, expects costs to rise about 20 percent.
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Reform offers risk, opportunities for Lilly, WellPoint

March 22, 2010
 IBJ Staff and Bloomberg News
Drugmakers and insurers could gain millions of customers under the legislation, but the industry also will pay new fees and face stricter rules that may shrink profit and fuel mergers.
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Congress passes historic health care bill

March 21, 2010
Associated Press
To pay for the changes, the legislation includes more than $400 billion in higher taxes over a decade, roughly half of it from a new Medicare payroll tax on individuals with incomes over $200,000 and couples over $250,000.
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Simon Property Group adds Glasscock to board

March 18, 2010
 IBJ Staff and Associated Press
Former WellPoint Inc. leader Larry Glasscock has joined the board of directors of the Indianapolis-based real estate giant.
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WellPoint expects loss of 400,000 insured members this year

March 17, 2010
 IBJ Staff and Bloomberg News
Indianapolis-based health insurer expects revenue, profit to fall as persistently high unemployment reduces employer-sponsored insurance enrollment.
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Sebelius asks insurers to justify rate hikes

March 4, 2010
Associated Press
Health and Human Services Secretary Kathleen Sebelius met at the White House with the CEOs of Indianapolis-based WellPoint, Aetna, Cigna, UnitedHealth Group, as well as several state insurance commissioners.
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Consumer group sues Anthem over policy changes

March 1, 2010
Associated Press
A consumer watchdog group filed a lawsuit Monday against WellPoint's California subsidiary on behalf of policyholders, claiming they were pushed to take coverage with fewer benefits and higher deductibles.
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WellPoint records subpoened in California probe

February 26, 2010
Bloomberg News
The California attorney general has demanded documents from several health insurers, including Indianapolis' WellPoint, believing that their rate-setting and claims practices might be illegal.
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Study: Hospital clout spurs higher Calif. health costs

February 26, 2010
Bloomberg News
While insurers get the blame for rising health-care costs for consumers, surging fees from hospitals and the growing dominance of such providers may be just as responsible for driving up expenses, according to a new study examining California's market.
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WellPoint CEO blames health costs for hikes

February 24, 2010
Associated Press
Amid attacks from Democrats over high executive salaries, Angela Braly testified in Washington, D.C., on Wednesday that big insurance-premium increases are the result of growing price tags for hospital care and pharmaceuticals.
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Obama endorses new taxes, more drugmaker fees

February 22, 2010
Bloomberg News
Obama, seeking to break an impasse over health-care legislation, proposes a plan that includes the first Medicare tax on unearned income such as capital gains and higher fees on drugmakers.
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Insurers warn of problems with federal regulator

February 22, 2010
Associated Press
President Obama's latest push for a health care overhaul could drive health plans around the country into insolvency, according to an insurance trade group.
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WellPoint's health insurance rate hike spurs legislative inquiryRestricted Content

February 20, 2010
J.K. Wall
The furor over WellPoint Inc.’s premium hikes have migrated from California to Indiana, where state lawmakers held a high-profile hearing.
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White House plans new rules for health insurers

February 19, 2010
Bloomberg News
President Obama will release a proposal to restart the health-care debate before a bipartisan White House meeting on Feb. 25, one day after WellPoint officials testify before Congress about steep rate increases.
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  1. I could be wrong, but I don't think Butler views the new dorm as mere replacements for Schwitzer and or Ross.

  2. An increase of only 5% is awesome compared to what most consumers face or used to face before passage of the ACA. Imagine if the Medicaid program had been expanded to the 400k Hoosiers that would be eligible, the savings would have been substantial to the state and other policy holders. The GOP predictions of plan death spirals, astronomical premium hikes and shortages of care are all bunk. Hopefully voters are paying attention. The Affordable Care Act (a.k.a Obamacare), where fully implemented, has dramatically reduced the number of uninsured and helped contained the growth in healthcare costs.

  3. So much for competition lowering costs.

  4. As I understand the proposal, Keystone would take on the debt, not the city/CRC. So the $104K would not be used to service the $3.8M bond. Keystone would do that with its share.

  5. Adam C, if anything in Carmel is "packed in like sardines", you'll have to show me where you shop for groceries. Based on 2014 population estimates, Carmel has around 85,000 people spread across about 48 square miles, which puts its density at well below 1800 persons/sq mi, which is well below Indianapolis (already a very low-density city). Noblesville is minimally less dense than Carmel as well. The initiatives over the last few years have taken what was previously a provincial crossroads with no real identity beyond lack of poverty (and the predictably above-average school system) and turned it into a place with a discernible look, feel, and a center. Seriously, if you think Carmel is crowded, couldn't you opt to live in the remaining 95% of Indiana that still has an ultra-low density development pattern? Moreover, if you see Carmel as "over-saturated" have you ever been to Chicago--or just about any city outside of Indiana?

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