Insurance

Anthem rolls out new bonus system for docsRestricted Content

September 21, 2013
J.K. Wall
The Indianapolis-based health insurer expects to pay, on average, $3.50 per month for every patient enrolled in one of Anthem’s commercial health plans.
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WellPoint adds consulting executives to board

September 17, 2013
Associated Press
The Indianapolis-based insurer said Tuesday that John Short and Elizabeth Tallett will join its 11-member board Wednesday and Oct. 1, respectively.
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Analyst foresees managed care growth in 2014

September 16, 2013
Associated Press
Major health insurers like WellPoint Inc. are in line for another year of growth, as the health care overhaul implements key elements in its push to cover millions of uninsured people.
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Anthem to omit some big hospitals from exchange networkRestricted Content

September 14, 2013
J.K. Wall
Most of Indianapolis’ major hospitals and physician practices will not be available through Anthem’s exchange plan, but instead will be working with a health plan run by Indianapolis-based MDwise Inc.
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Healthy Indiana Plan extends trial run a year

September 3, 2013
Associated Press
Indiana is being granted a limited extension of its Healthy Indiana Plan while state and federal health care leaders continue negotiating a possible Medicaid expansion.
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Johnson County, Franklin near end of buyouts after 2008 flood

August 30, 2013
Associated Press
After the final buyouts, a total of 107 homes will have been razed with about $8.5 million in federal funds.
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Airport authority sues insurance carrier for $9.2M

August 23, 2013
Scott Olson
The Indianapolis Airport Authority claims Travelers Property Casualty Co. of America failed to pay it all the money it is owed following a steel-beam collapse during construction of the midfield terminal.
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Survey: Health insurance costs outpace wage gains

August 21, 2013
Associated Press
Annual premiums for employer-sponsored family coverage climbed nearly 4 percent this year, to top $16,000 for the first time, according to a survey the Kaiser Family Foundation released Tuesday.
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Blue Cross reaches out over insurance law changes

August 12, 2013
Associated Press
Indianapolis-based WellPoint and other Blue Cross Blue Shield health plans are among the health insurers most aggressive in reaching out to build consumer trust and capture spending on policies.
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Baldwin & Lyons posts 21-percent boost in profit

August 1, 2013
 IBJ Staff
The insurer of trucking and auto fleets reported healthy jumps in profit and revenue in the second quarter, spurred by record premiums written by subsidiaries.
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CNO profit jumps 17 percent

July 29, 2013
Chris O'Malley
The Carmel-based insurer and financial services company reported strong earnings on a slight increase of revenue for the second quarter.
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WellPoint sees small-biz plans slip ahead of Obamacare

July 24, 2013
Bloomberg News
WellPoint Inc., the second-biggest U.S. health insurer, said more small employers are scaling back benefits this year, a potential hedge against higher costs expected under the U.S. health-care law.
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WellPoint expects Obamacare to boost revenue to $90B by 2016

July 24, 2013
J.K. Wall
Health care reform, long perceived as a huge threat to WellPoint Inc., is now being embraced by the insurer as a huge growth opportunity.
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WellPoint raises forecast after profit surges

July 24, 2013
J.K. Wall
Business continued to improve at WellPoint Inc. in the second quarter, helping the health insurer beat Wall Street’s expectations and raise its profit forecast for the year.
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Buffett joins opening ceremony for Geico center

July 22, 2013
Associated Press
Billionaire investor Warren Buffett took part in the ribbon-cutting ceremony at the center in Carmel. Geico announced plans for the service center in March, saying it could have up to 1,200 workers in the next few years.
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WellPoint rolls out program with cost ceilings for procedures

July 15, 2013
J.K. Wall
Under so-called reference-based benefits, insured patients would have to pay the difference between procedure prices and maximums set by their employers. Several Indiana companies are considering using the tactic.
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WellPoint will pay $1.7M in online privacy inquiry

July 12, 2013
Associated Press
The agency said that between Oct. 23, 2009 and March 7, 2010, security weaknesses in a WellPoint online application database left the information of 612,402 people accessible to unauthorized users.
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CNO repurchases $50M in shares in second quarter

June 29, 2013
Bloomberg News
The Carmel-based insurer expects to repurchase $250 million to $300 million of securities this year.
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WellPoint cap program saves Calpers big money

June 24, 2013
Bloomberg News
The nation’s largest pension fund worked with the Indianapolis-based health insurer to cut medical costs 19 percent by capping the price of some surgeries, in the latest sign payers are taking a tougher line against rising hospital claims.
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WellPoint settles Los Angeles lawsuit for $6M

June 20, 2013
Associated Press
The city had alleged that WellPoint's Anthem Blue Cross of California unit illegally dropped more than 6,000 policyholders from coverage.
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Electronic proof of auto insurance coming to Indiana

June 17, 2013
Associated Press
Indiana drivers who have to show proof of insurance to police after an accident or traffic violation can do so electronically starting July 1 under a new law that signals an increasing use of technology in insurance laws.
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WellPoint adds power executive Hay to board

May 29, 2013
Associated Press
Health insurer WellPoint Inc. has named Lewis Hay III to its board of directors after announcing earlier this month that three members had resigned for personal reasons.
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WellPoint among 13 picked to join California exchange

May 23, 2013
Bloomberg News
California residents who choose to buy health insurance through the state exchange being created by the Affordable Care Act may end up paying higher premiums.
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Indianapolis couple charged with mail fraud

May 15, 2013
 IBJ Staff
George Bowman, 43, and Traci L. Bowman, 42, are accused of falsifying purchase records and fraudulently filing insurance claims for expensive construction equipment they never purchased.
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Surprise director departures boost WellPoint shares

May 14, 2013
Greg Andrews
Outside observers cast the departures of Lenox Baker, Sheila Burke and Susan Bayh as a positive that will allow new CEO Joseph Swedish to recast the board.
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