Insurers

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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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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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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Three WellPoint directors step down, cite personal reasons

May 13, 2013
Bloomberg News
Lenox Baker, Sheila Burke and Susan Bayh resigned from the board effective immediately, Indianapolis-based WellPoint said Monday in a regulatory filing.
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Study rebuts hospitals' argument on Medicare, rising costs

May 13, 2013
Rather than raising prices on private health insurers to make up for inadequate payments from the government, hospitals across the country have been raising prices just because they can, according to a new study.
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Governor taps ex-WellPoint CEO Braly for IEDC board

May 7, 2013
J.K. Wall
The appointment is the first high-profile post that Braly, 51, has accepted since she was ousted from the top spot at the Indianapolis-based health insurer in August.
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Investment gains mask slowdown for insurer

May 2, 2013
J.K. Wall
The bull market boosted first-quarter profit at Baldwin & Lyons Inc. to a record high, even though the property and casualty insurer’s core business lost ground.
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Obamacare exchanges could zap WellPoint profits

April 29, 2013
J.K. Wall
According to one estimate, the Indianapolis-based health insurer will shed $400 million in pre-tax profits by 2017.
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CNO sees smaller profit after paying off debt

April 24, 2013
 IBJ Staff
CNO Financial Group Inc. posted much lower earnings in the first quarter after suffering a $57.2 million loss in the period on the extinguishment of debt.
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WellPoint CEO: Acquisitions of hospitals, doctors unlikely

April 24, 2013
J.K. Wall
Joe Swedish, who took the helm of the Indianapolis-based health insurer a month ago, threw cold-water Wednesday on widespread speculation that he will lead the company through a wave of buying hospitals and medical practices.
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Investors await progress report from WellPoint

April 22, 2013
Associated Press
Many investors expect the health care overhaul's coverage expansions to affect WellPoint more than other insurers.
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State Farm must pay Fishers contractor $14.5M, court rules

April 11, 2013
 IBJ Staff, Indiana Lawyer Staff
The Indiana Court of Appeals has affirmed a $14.5 million award of damages against State Farm Insurance to a Fishers-based construction firm. The award is one of the largest defamation awards in U.S. history, according to the court.
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Employer health coverage on 10-year fall, study says

April 11, 2013
Bloomberg News
Indiana, Michigan and South Carolina saw the steepest declines in employer-backed coverage from 2000 to 2011, according to a study released Thursday.
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Medical finance driving major changes in health care marketplace

April 6, 2013
J.K. Wall
Brian and Emily Kahn had virtually identical physical therapy. He paid much more than she did. Why? Because of where the therapy took place.
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WellPoint execs get double-digit pay bumps while stock falls

April 4, 2013
J.K. Wall
The Indianapolis-based health insurer’s board of directors approved higher compensation heading into 2012, after most of its top executives saw their pay hold steady or decline in 2011.
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Outgoing WellPoint CEO made more than $20M last year

April 2, 2013
Associated Press
The compensation paid to outgoing Wellpoint Inc. CEO Angela Braly last year rose 56 percent, even as the company's shares slid on lower enrollment in its Blue Cross Blue Shield health plans.
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WellPoint jumps after feds reverse Medicare decision

April 2, 2013
Bloomberg News
Shares of Indianapolis-based WellPoint rose along with those of other medical insurers Tuesday morning after the U.S. government reversed a decision to cut a key Medicare payment rate, offering them an increase instead.
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CNO Financial to take $57M charge in first quarter

March 28, 2013
Associated Press
The Carmel-based insurance holding company says it expects to buy back more of its shares and take a special charge tied to a recent tender offer.
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  1. Only half a million TV Viewers? And thats an increase? I knew Indycar was struggling but I didn't know it was that bad. Hell, if NASCAR hits 5 Million viewers everyone starts freaking out saying its going down hill. It has a long way to before Indycar even hits NASCAR's bad days.

  2. IU has been talking that line for years with no real progress even with the last Dean, Dr. Brater. Why will an outsider, Dr. Hess, make a difference? With no proof of additional resources (cash in the bank), and a concrete plan to move an academic model that has been outdated for decades with a faculty complacent with tenure and inertia, I can count on IU to remain the same during the tenure of Dr. Hess. One ought to look to Purdue and Notre Dame for change and innovation. It is just too bad that both of those schools do not have their own medical school. Competition might wake up IU. My guess is, that even with those additions to our State, IU will remain in its own little world squandering our State's tax dollars. Why would any donor want to contribute to IU with its track record? What is its strategy to deal with the physician shortage for our State? New leadership will not be enough for us to expect any change.

  3. How do you think the Bridges got approved? I spent a couple days researching PAC's and individual contributions to some city council members during that time. My printouts were inches thick on the two I concentrated on. Finally gave up. Was disgusted with all the donations, and who they were from. Would have taken me days and days to compile a complete list. Tried to give it to the Star reporter, but he thought it was all just fine. (and apparently he was treated well himself) He ended up being laid off or fired though. And then of course, there was land donated to the dad's club, or city, as a partial payoff. All done in the shining example of "charity." No, none of these contributions are a coincidence.

  4. I agree what kind of help or if any will be there for Dr. Ley's patients. I was a patient myself.

  5. What about the hundreds of patients who sought this doctor for the right reasons, to quit drugs. what option do these patients now have, experience horrible withdrawl or return to heroin?? those are the choices. what about the children of these former addicts who's parent(s) WILL not b able to maintain their job, for @ least 2 weeks.. There needs to b an emergency clinic opened for these patients.

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