Insurers

Third-quarter profit dips at OneAmerica

December 6, 2011
J.K. Wall
OneAmerica earned $15.4 million in the three months ended Sept. 30, down 53 percent from the same quarter a year ago. Most of that difference came from a 17-percent jump in policy benefit payments.
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WellPoint won’t put brand-name Lipitor on generics list

December 1, 2011
Bloomberg News
Indianapolis-based WellPoint Inc., the largest U.S. health insurer by enrollment, will favor a copy of the blockbuster cholesterol medication made by Watson Pharmaceuticals Inc., the insurer said.
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Decatur Vein Clinic branches outRestricted Content

November 26, 2011
J.K. Wall
In little more than a decade, former Conseco director Dr. David Decatur has turned his single-office family practice into a multistate chain of vein clinics. A 14th location is planned.
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UnitedHealth to acquire Medicare insurer XLHealth

November 22, 2011
Bloomberg News
UnitedHealth Group Inc. said it will acquire XLHealth Corp., a provider of managed care for chronically ill Medicare members. Indianapolis-based WellPoint Inc. had been considering a possible acquisition of the company.
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WellPoint eyes $1.5 billion deal for XLHealth

November 14, 2011
Bloomberg News
Offers for XLHealth, a provider of managed care for chronically ill Medicare members, may value the company at $1.5 billion to $2 billion.
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New York orders WellPoint to make refunds for overcharges

November 10, 2011
Bloomberg News
WellPoint is among 11 insurers ordered to refund money to almost 600,000 New Yorkers who were charged too much for health insurance.
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Catastrophes deliver more losses to Baldwin & Lyons

November 3, 2011
J.K. Wall
The auto and trucking fleet insurer lost $13 million, or 87 cents per share in the three months ended Sept. 30, compared with profit of $9.2 million, or 62 cents per share, in the same period a year earlier.
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Kaiser: Lack of competition endemic

October 31, 2011
J.K. Wall
In a new study, Indiana ranked as the 19th least-competitive state for individual health insurance and the 27th least-competitive for small-employer health insurance.
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Insurer Humana's quarterly profit climbs 13 percent

October 31, 2011
Associated Press
Humana Inc. raised its 2011 earnings forecast, following the lead set by other big insurers, including competitor WellPoint Inc.
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CNO Financial's quarterly earnings, revenue rise

October 25, 2011
 IBJ Staff and Associated Press
Carmel-based life and health insurer CNO Financial Group Inc. said Tuesday that its third-quarter earnings jumped nearly four times over last year's third-quarter results, but mostly because of a one-time tax-related gain.
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WellPoint competitor Cigna buying HealthSpring

October 24, 2011
Associated Press
Cigna Corp. will buy fellow health insurer HealthSpring Inc. in a $3.8 billion deal as it becomes the latest managed care company to snap up a bigger share of the fast-growing Medicare Advantage market.
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Judge stays decision in WellPoint policyholder case

September 23, 2011
J.K. Wall
Former policyholders of WellPoint Inc., who won a right to a class-action trial over their claims that they were shortchanged when the company went public a decade ago, will have to put their trial plans on hold.
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WellPoint buying private health insurance exchange

September 20, 2011
Bloomberg News
The deal helps WellPoint compete for employers with the U.S. state-run marketplaces set to open in 2014 under President Obama’s health-care overhaul.
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IBM putting Watson to work in health insurance

September 12, 2011
Associated Press
IBM’s supercomputer system, best known for trouncing the world’s best “Jeopardy!” players on TV, is being tapped by one of the nation’s largest health insurers to help diagnose medical problems and authorize treatments.
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WellPoint spent $1.3M on federal lobbying in 2nd quarter

August 18, 2011
Associated Press
WellPoint lobbied on issues tied to the overhaul's implementation and regulations for accountable care organizations, which are networks of hospitals, doctors, rehabilitation centers and other providers that coordinate a patient's care.
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Five individual insurers leaving Indiana

August 8, 2011
J.K. Wall
Hartford-based Aetna Inc. and Philadelphia-based Cigna Corp., the nation’s third- and fifth-largest health insurers respectively, have announced their departure from Indiana’s individual health insurance market.
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Mother Nature again slams insurer Baldwin & Lyons

August 4, 2011
Cory Schouten
Catastrophic tornadoes in Alabama and Missouri took their toll on second quarter results for Indianapolis-based insurer Baldwin & Lyons Inc.
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Aetna latest out of Indiana individual health market

August 3, 2011
Associated Press
The nation's third-largest health insurance company is the latest to leave the individual policy market in Indiana in another sign of diminishing competition.
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Health care use trend may temper premium hikes

July 27, 2011
Associated Press
Consumers may catch a little break when their health insurance policies renew. Lower-than-expected use of health care has helped push insurer earnings higher and that may temper how much they increase premiums.
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CNO Financial sees quarterly profit soar, beating expectations

July 27, 2011
J.K. Wall
The Carmel-based life and health insurer earned $59.5 million in the three months ended June 30, an increase of 80 percent from the same period a year ago.
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Primary care gets a new approach: prevention

July 20, 2011
Associated Press
A budding model for primary care that encourages the family doctor to act as a health coach who focuses as much on preventing illness as on treating it has shown promising results and saved insurers millions of dollars.
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Birth control coverage required in U.S. health plan

July 19, 2011
Health insurers led by WellPoint Inc. would be required to cover birth control pills and devices at no cost to patients under the recommendation of a top U.S. scientific advisory board. .
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Court gives preliminary OK to WellPoint settlement

July 18, 2011
Associated Press
A California court has granted preliminary approval to a lawsuit settlement over an online security breach of health insurer WellPoint Inc.'s records.
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Not-for-profits vying with WellPoint may get $3.8B in loans

July 18, 2011
Bloomberg News
Not-for-profits that compete with insurers such as WellPoint Inc. are eligible for $3.8 billion in U.S. financing under the health law, and the government expects more than a third of the loans not to be repaid.
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Exchange could snag 1.1M Hoosiers

July 18, 2011
J.K. Wall
An estimated 1.1 million Hoosiers will obtain health insurance through a yet-to-be-created online exchange, according to the latest estimates from the task force guiding Indiana’s response to the 2010 health reform law.
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