Insurance

CEO Braly gets WellPoint board backing after cutting forecast

July 26, 2012
Bloomberg News
WellPoint Inc.'s board, reacting to criticism after the health insurer cut its profit forecast on Wednesday, said the management team led by CEO Angela Braly has its full support.
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WellPoint shares sink after profit misses analyst estimates

July 25, 2012
Bloomberg News
WellPoint Inc. stock fell more than 12 percent Wednesday after the insurer's quarterly earnings missed analyst estimates and it trimmed its full-year forecast.
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CNO Financial reports big earnings gain on higher sales

July 25, 2012
 IBJ Staff
Earnings at Carmel-based CNO Financial Group Inc. jumped 42 percent in the second quarter on higher sales of its insurance products, the company announced Wednesday afternoon.
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Committee passes domestic partner benefits proposal

July 25, 2012
The plan to offer health-care benefits to domestic partners of Indianapolis city workers passed a City-County Council committee by a 7-0 vote on Tuesday. The full council could consider the measure as early as Aug. 13.
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WellPoint using deals to prep for new era in insuranceRestricted Content

July 14, 2012
J.K. Wall
The buying spree is back on at WellPoint Inc., with a twist. A decade ago, the insurer consolidated Blue Cross and Blue Shield plans that catered to employers. Today, it is making deals to grow the non-employer part of its business.
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WellPoint agrees to pay for 3 children to get gene test

July 12, 2012
Bloomberg News
WellPoint Inc. said it will pay for DNA testing for three children to see if they have an inherited heart disease their father suffers from that often strikes without warning, reversing an earlier decision to deny coverage.
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WellPoint shares jump after $4.9B deal for Amerigroup

July 9, 2012
J.K. Wall
Investors and analysts like the fact that WellPoint is playing more aggressively in government-sponsored health plans, such as Medicaid and Medicare, which are projected to be the key sectors for growth for the next several years.
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WellPoint buying managed care firm for $4.9B

July 9, 2012
 IBJ Staff and Bloomberg News
The Indianapolis health insurer is buying Virginia-based Amerigroup Corp. to expand in managed care for poor and elderly patients in the Medicare and Medicaid programs.
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MILLER: Morale, productivity affected by benefits frustrationRestricted Content

July 7, 2012
Robert L. Miller / Special to IBJ
Have employees reached the tipping point where rising health care costs have forced them to think seriously about jumping ship?
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High court ruling could leave 290K Hoosiers uncovered

July 1, 2012
J.K. Wall
A decision by Indiana to leave its Medicaid program unchanged could leave as many as 290,000 Hoosier adults, who would have been newly eligible for Medicaid coverage, with no good options.
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High court health care decision good for some, not others

June 29, 2012
Associated Press
The Supreme Court's decision Thursday to uphold President Barack Obama's historic overhaul is expected to boost many players in the health care industry, but not every corner of the sector will benefit.
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Indiana awaits ruling before starting health exchange

June 26, 2012
Associated Press
Indiana has spent the past year and a half planning for its own health insurance exchange in case the U.S. Supreme Court upholds President Barack Obama's health care law, but the state still could end up being forced into the federal exchange.
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Court ruling would lift cloud of uncertainty

June 18, 2012
J.K. Wall
The U.S. Supreme Court did not hand down a ruling in the health care reform case Monday morning. The nine justices meet again Thursday, but most observers expect the decision to come June 25 or June 28.
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WellPoint lowers earnings forecast after $90M legal bill

June 18, 2012
Bloomberg News
Indianapolis-based WellPoint Inc. said it is lowering its profit forecast for the year by 3 percent after reaching a $90 million settlement in a class-action lawsuit.
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WellPoint settlement: $90M for former Anthem members

June 15, 2012
Scott Olson
The federal lawsuit was set to go to trial June 18 in Indianapolis. The claims arise from Anthem's 2001 conversion from a mutual company, owned by its insured policyholders, to a public company.
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Johnson County flood victims still reeling 4 years later

June 7, 2012
Associated Press
The devastating 2008 flood continues to have repercussions for victims. They are still paying off the tens of thousands of dollars they had to borrow in some cases to hang new drywall, lay down new carpeting and replace major appliances.
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WellPoint seeks to diversify by buying contacts retailer

June 4, 2012
Bloomberg News, Associated Press
WellPoint Inc. plans to buy lens retailer 1-800-Contacts Inc. in a deal worth an estimated $900 million, giving the insurer its first direct-to-consumer business outside selling individual health coverage.
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WellPoint buying 1-800 Contacts for about $900M

June 4, 2012
 IBJ Staff
The Indianapolis-based health insurer said 1-800 Contacts is attractive partly because it has bigger profit margins than its core insurance business, The Wall Street Journal reported.
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Price hikes offset slower health care use

May 29, 2012
J.K. Wall

Newly available data from private health insurance plans show that price hikes by hospitals, doctors and drug companies have kept employer spending rising recently even as their employees and dependents have moderated their consumption of health care services.

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Indianapolis council to consider domestic-partner benefits

May 25, 2012
Kathleen McLaughlin
City-County Councilor Angela Mansfield filed the proposal covering city employees that would make same-sex and heterosexual couples who live together eligible for health insurance benefits.
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WellPoint protestors harass Braly as political disclosure proposal fails

May 16, 2012
J.K. Wall
The proposal, which sought twice-yearly reports on all the health insurer's donations used for political campaigns or lobbying, was overwhelmingly voted down by WellPoint shareholders.
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Activists plan to protest WellPoint political giving at meeting

May 15, 2012
J.K. Wall
A mix of union groups, activist investors and single-payer advocates will call for increased disclosure from WellPoint, and some investment funds will vote against WellPoint board members who they say have failed to exercise proper oversight of WellPoint’s political spending.
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State's high court to weigh hospital bills

May 7, 2012
J.K. Wall
The Indiana Supreme Court this week will consider whether hospital billing practices should be put on trial. The state’s highest court will hear oral arguments Thursday in a case in which two uninsured patients have sued Indiana University Health for charging them much higher prices than it would have charged insured patients.
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Set pricing helps boost diagnostic network's growthRestricted Content

May 5, 2012
J.K. Wall
When the same MRI at one facility costs $600 and at another costs $2,200, Dr. Robert Gregori would call that a business opportunity.
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Baldwin & Lyons posts record first-quarter profit

May 3, 2012
The auto and trucking fleet insurer reported profit of $11.5 million in the first quarter compared with a loss of $15.2 million in the prior-year period, when company earnings took a beating from earthquakes in Japan and New Zealand.
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