WellPoint

WellPoint's profit skids, but meets analysts' expectations

January 29, 2014
J.K. Wall and The Associated Press
Higher expenses and charges related to the sale of its 1-800-Contacts subsidiary to a private equity firm pushed WellPoint's earnings down 68 percent in the fourth quarter.
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Obamacare small-biz plan lags as employers stand pat

January 17, 2014
Bloomberg News
Greeted by higher premiums, less generous coverage and more paperwork, small businesses are choosing to renew existing health plans rather than buy them through President Barack Obama’s program.
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WellPoint raises its 2013 profit forecast

January 14, 2014
The new forecast roughly matches what Wall Street analysts were already expecting. WellPoint will reveal its actual 2013 financial results on Jan. 29.
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Group led by WellPoint to partner on global health network

January 9, 2014
Bloomberg News
The Blue Cross and Blue Shield Association will form a combined provider network with London-based Bupa that will collectively include more than 11,500 hospitals in more than 190 countries, the partners said Thursday.
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WellPoint seeks more Obamacare biz by extending deadline

January 8, 2014
Bloomberg News
Two of the largest U.S. health insurers are giving Obamacare customers more time to pay their initial premiums as the industry tries to coax millions of people to take the final step in cementing coverage for 2014.
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WellPoint to unload 1-800-Contacts unit

January 7, 2014
Bloomberg News
Financial terms of the sale to Boston-based private equity firm Thomas H. Lee Partners LP weren't disclosed. WellPoint paid a reported $900 million to buy the company in June 2012.
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NEWSMAKERS: Joe Swedish

December 28, 2013
J.K. Wall
When Joe Swedish was named the next CEO of WellPoint Inc., investors frowned. At first.
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Feds extend Obamacare deadline as customers rush site

December 23, 2013
Bloomberg News
The deadline to enroll in plans that begin Jan. 1 now is midnight Tuesday for most of the U.S. On Monday, healthcare.gov fielded nearly 50,000 simultaneous visitors, triggering a queuing system.
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Analyst: WellPoint will lose money on Obamacare in 2014

December 23, 2013
J.K. Wall
Small business dumping, the uncertainty of Obamacare's exchanges, and the certainty of Obamacare's taxes will take a bite out of WellPoint's earnings next year. But company executives remain bullish on Obamacare's long-term impact.
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Insurers give Obamacare enrollees more time for payments

December 18, 2013
Bloomberg News
Consumers who enroll in health plans through the new U.S. exchanges will get 10 extra days to pay their first premiums and still gain coverage effective Jan. 1, an insurance company trade group said Wednesday.
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Anthem, insurance trust create Obamacare alternative

December 2, 2013
J.K. Wall
Anthem Blue Cross and Blue Shield has teamed up with the Indiana Manufacturers Association to give small manufacturers an option to side-step one of Obamacare’s new community rating restrictions.
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UnitedHealthcare pulls back from niche

November 23, 2013
J.K. Wall
Come January, UnitedHealthcare, the second-largest health insurer in Indiana, will have no major-medical policies to sell to individual Hoosier customers.
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Obamacare has many health care insurers worried

November 14, 2013
Bloomberg News
The messy rollout of the insurance exchanges has made it hard for carriers to figure out what business will be like in 2014.
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‘Zero-premium’ insurance could leave hospitals hurtingRestricted Content

November 2, 2013
J.K. Wall
So-called “zero-premium plans” are priced in such a way that their premiums would be no greater than the federal tax subsidies that low-income buyers could claim.
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Insurers brainstorm with Obama staff on health exchange fix

October 23, 2013
Bloomberg News
The heads of WellPoint Inc., Aetna Inc. and at least 10 other insurers met with the Obama administration Wednesday to discuss correcting flaws in how data from the U.S. health-care marketplaces is transferred to the companies.
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Insurer CEOs head to White House to talk Obamacare troubles

October 23, 2013
Bloomberg News
Health insurance execs, including WellPoint Inc. CEO Joseph Swedish, will meet with top White House officials Wednesday as the president seeks to contain political damage from the disastrous rollout of Obamacare.
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WellPoint's profit drops, but whips expectations

October 23, 2013
J.K. Wall
The giant health insurer raised its full-year profit forecast 40 cents per share, emboldened by stabilized customer rolls and slowing medical claims.
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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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Analysis: Obamacare exchanges will push Anthem's premiums lower

September 9, 2013
J.K. Wall
Anthem Blue Cross and Blue Shield of Indiana expects the average premiums it charges on the health insurance exchanges being created by Obamacare to be about $60 per year less for each of its health plan members than they would have been without the law.
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Healthx using IT to connect insurers to their customersRestricted Content

August 17, 2013
J.K. Wall

Health insurance has long been a business-to-business endeavor between insurers, employers, hospitals and doctors. Patients received benefits, but they weren’t really customers. That’s all about to change.

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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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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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