WellPoint

WellPoint beats expectations, lowers '10 profit forecast

January 27, 2010
J.K. Wall
The Indianapolis-based health insurer earned $6.09 per share in 2009, excluding extraordinary items; it expects a $6-per-share profit in 2010.
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Report: Insurers secretly funded ads attacking health reform

January 13, 2010
 IBJ Staff
Indianapolis-based WellPoint Inc. reportedly joined fellow health insurance giants to fund TV ads as insurers tempered their support for reform.
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WellPoint stock surging on positive analyst forecasts

January 7, 2010
 IBJ Staff and Associated Press
The long-term outlook for health care reform is uncertain, but many analysts are expecting big health insurers like Indianapolis-based WellPoint to benefit in 2010.
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Investors cheer Senate bill while WellPoint cries foul

December 23, 2009
J.K. Wall
Exemption for not-for-profit health plans could saddle WellPoint with nearly $2 billion a year in new taxes.
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Express Scripts closes $4.7B deal to buy WellPoint pharmacy unit

December 1, 2009
 IBJ Staff
St. Louis-based Express Scripts Inc. has completed its $4.7 billion acquisition of WellPoint Inc.’s pharmacy benefits management business, the company said Tuesday.
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Indiana No. 3 in premium surge

November 18, 2009
J.K. Wall
Health insurance costs have spiked 136 percent in past decade, more than three times more than wage growth.
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New Anthem pay-for-performance program gives docs $3.1M

November 14, 2009
J.K. Wall
Anthem Blue Cross and Blue Shield of Indiana is doling out $3.1 million to Indianapolis-area doctors—its first payments based on a local quality measuring system.
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Lilly, WellPoint CEOs pin hopes on Senate

November 11, 2009
J.K. Wall
Drugmaker and health insurer bemoan aspects of House health reform bill and hope Senate crafts more industry-friendly bill.
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WellPoint, Obama administration battle over cost of health reform to employers

November 7, 2009
 IBJ Staff
At this point in the health reform debate, you have to take numbers from any side with a grain of salt. That said, Indianapolis-based WellPoint Inc. has done perhaps the only local analysis of how proposed reforms would affect the cost of health insurance for employers.
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Senate probing WellPoint, others over small-biz rates

November 4, 2009
 IBJ Staff and Associated Press
The Senate health care committee is investigating how health insurers, including Indianapolis-based WellPoint Inc., price the coverage they sell to small businesses.
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WellPoint, White House sling reform studies

November 4, 2009
J.K. Wall
Health insurer says premiums would fall for local employers with unhealthy workers, but costs would rise for firms with average or healthy workers.
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Health insurer Anthem's market share swells

October 31, 2009
J.K. Wall
Indianapolis-based WellPoint Inc.'s Anthem Blue Cross and Blue Shield subsidiary claimed 42.5 percent of central Indiana residents covered by private health insurance this year, up from 35-percent last year, according to a market research firm.
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WellPoint shares flat after profits beat analyst predictions

October 28, 2009
J.K. Wall
WellPoint Inc.'s third-quarter profits soared above analysts' expectations, but the insurer remains cautious in the face of the flu and high unemployment.
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WellPoint's third-quarter profits beat expectations

October 28, 2009
J.K. Wall
WellPoint Inc.'s third-quarter profits fell 11 percent, the company reported this morning, but still soared above analysts' expectations.
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Baucus health reform bill draws fire in Indiana, too

October 17, 2009
 IBJ Staff
The health insurance industry’s sudden counterpunch to the Senate version of health reform echoed in Indiana and opened a key issue for the rest of the debate: Will covering half of the country’s uninsured mean raising premiums for the 85 percent of Americans who already have insurance?
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WellPoint memos show job cuts starting with mid-level execs

October 10, 2009
J.K. Wall
With a national unemployment rate of nearly 10 percent eroding its customer base, WellPoint Inc. is cutting at least 30 middle-management employees and reshuffling its corporate organization, according to internal memos obtained by IBJ.
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My Health Care Manager lands $3 million investmentRestricted Content

October 10, 2009
Peter Schnitzler
The company, which guides working adults and their parents through the maze of decisions and agencies involved in care for seniors, plans to use the money primarily to augment its sales staff and operations.
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Baucus health reform bill would stick Indiana companies with fees

October 10, 2009
 IBJ Staff
The health reform bill sponsored by U.S. Sen. Max Baucus, D-Mont., would help pay for expanded health insurance coverage by levying fees of $13 billion a year on the health care industry. The fees would deliver a hefty bill to just about all of Indiana’s major health care companies. But how they’re reacting to the fees is all over the map.
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WellPoint shares partially recover after Thursday plunge

October 9, 2009
J.K. Wall
Shares of WellPoint Inc. partially recovered Friday morning after a plunge was touched off Thursday by gathering momentum behind health care reform and talk of a windfall-profit tax by Speaker of the House Nancy Pelosi.
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WellPoint insiders sell stock at right time

September 12, 2009
 IBJ Staff
Take the money while it’s there. That’s what a handful of insiders at WellPoint Inc. decided in the past month as they sold off nearly 150,000 company shares for gains of more than $3 million.
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Policyholders could pay more under Obama health plan

September 11, 2009
Associated Press
If President Barack Obama gets what he wants in his health care plan — covering all Americans and barring insurers from denying coverage — some analysts say individuals could wind up paying higher premiums.
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Sanctions lifted, WellPoint returns to Medicare biz

September 10, 2009
J.K. Wall
Nine months after being suspended as a contractor for the federal Medicare program, WellPoint Inc. is back in the game.
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Anthem, St. Francis reach agreement in principle

August 29, 2009
 IBJ Staff
The St. Francis hospital system has reached a tentative contract agreement with Anthem Blue Cross and Blue Shield of Indiana, ending a disagreement over insurance reimbursement costs, the parties said today.
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Health reform breaking WellPoint's way so farRestricted Content

August 24, 2009
J.K. Wall
With the Obama administration backing away from a government-run, "public" plan, the insurance industry faces a much smaller threat in the form of privately run insurance co-ops.

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My Health Care Manager looks to grow fastRestricted Content

August 24, 2009
J.K. Wall
Indianapolis-based startup My Health Care Manager has signed an agreement with Indianapolis-based WellPoint Inc. that will eventually put My Health Care Manager’s elder care service in front of the health insurer’s thousands of employer clients and their workers around the country.
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