WellPoint

WellPoint prevails in shareholder suit over 2001 restructuring

December 28, 2011
Kathleen McLaughlin
A federal judge has dismissed a shareholder class-action lawsuit against WellPoint stemming from the company’s 2001 conversion from a mutual insurer to a publicly traded company.
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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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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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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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WellPoint's 3rd-quarter profit falls, but beats analyst estimates

October 26, 2011
 IBJ Staff and Bloomberg News
WellPoint earned $683.2 million in the third quarter, down 7.6 percent from the same quarter a year ago. But the company boosted its per-share profit forecast for the rest of the year.
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Insurance mandate lacks teeth, WellPoint CFO says

October 24, 2011
J.K. Wall
As constitutional challenges to the health reform law’s mandate to buy insurance advance, WellPoint Inc.’s chief financial officer reiterated that the company does not object to the mandate, just to its lack of penalties.
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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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Private exchange could boost WellPoint profits

October 3, 2011
J.K. Wall
WellPoint Inc.'s participation in buying a majority stake of the private health insurance exchange operator Bloom Health could help it get back to its roots as a health insurer—and make a bit more money in the process.
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WellPoint expands share buyback plan by $5 billion

October 3, 2011
Bloomberg News
The insurer said it will use the authorization over several years as market and industry conditions dictate.
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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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Anthem not quite so dominant

August 15, 2011
J.K. Wall
Revised Insurance Department data show the Indianapolis-based carrier claims about 60 percent of the individual health insurance market in Indiana, down from a previously reported 65 percent.
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WellPoint fails to profit on consumer pullback

August 1, 2011
J.K. Wall
With recession-weary Americans going to the doctor less, health insurer WellPoint Inc. should be enjoying higher profits. But it isn’t working out that way.
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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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WellPoint profit falls but exceeds Wall Street expectations

July 27, 2011
J.K. Wall
Indianapolis-based WellPoint earned $702 million in the latest quarter after earning $722 million a year ago. It also raised its full-year profit forecast.
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WellPoint insures two-thirds of Hoosier workers

July 25, 2011
J.K. Wall
Indianapolis-based WellPoint claimed 63 percent of all employees covered by small-group employers and 66 percent of the workers at large-group employers, according to Seattle-based actuarial firm Milliman Inc.
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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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WellPoint to pay $100,000 over data breach

July 5, 2011
Associated Press
Health insurer WellPoint Inc. will pay $100,000 and take other steps after admitting it waited months to notify 32,000 Indiana customers that their Social Security numbers, health records and other personal information might have been exposed online.
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