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Health Insurance
Q&A
January 26, 2011
J.K. WallChris Sears is a health care and employee-benefits attorney at Ice Miller LLP in Indianapolis. He spoke about
how employers are sizing up health insurance reforms that hit in 2014, which would set up government-subsidized insurance
as a new option for workers but also would penalize most employers if they stop sponsoring employee health benefits.
MoreWellPoint profit better than analyst estimates
January 26, 2011
Bloomberg News, J.K. WallExcluding special charges, WellPoint’s profit fell 2 percent to $524.7 million in the fourth quarter from $536 million
in the fourth quarter of 2009. But earnings per share improved thanks to stock buybacks.
MoreBy wide margin, Anthem still city's largest insurer
January 15, 2011
Scott OlsonAnthem Blue Cross and Blue Shield's share of the Indianapolis area has leveled off, even though it still insures more than
half the commercial market—or three times as much as its nearest competitor.
MoreLAMKIN: Health care reform is opportunity to reorganize services
January 15, 2011
Ned LamkinIndiana should take advantage of the opportunity to build a comprehensive exchange.
MoreWellPoint’s New York rate hike to face scrutiny
December 21, 2010
Bloomberg NewsWellPoint Inc. and other U.S. health insurers will have to provide justification for any increases to customers’ premiums
of more than 10 percent next year, according to federal regulations published Tuesday.
MoreClarian off to slow start in insurance
December 18, 2010
J.K. WallClarian Health got few takers in its first year offering a health care benefits program to large employers, but the Indianapolis-based
hospital system is undeterred in growing its budding insurance services business.
MoreHealth insurance investors unfazed by court ruling
December 15, 2010
J.K. WallThis week’s ruling by a federal judge could force Congress to rework the new health law to avoid a health insurance
market collapse. But the decision had little to no effect on investor sentiment toward WellPoint Inc. and its peers.
MoreSwing in governors could help WellPoint deal with reform
December 1, 2010
Bloomberg NewsRick Scott of Florida will get another chance next month to derail the law President Obama signed in March when he and 21
other Republican governors-elect are sworn in just as states begin implementing details of the legislation the candidates
campaigned against.
MoreAHLRICHS: Turn health reform into pragmatic answers
November 27, 2010
Health reform entrepreneurship could brand Indiana as productive, healthy place for employers to operate.
MoreStudy: Indianapolis high-priced hospital market
November 24, 2010
J.K. WallIndianapolis-area hospitals have negotiated reimbursement rates with private health insurers that are two and three times
higher than those paid by the federal Medicare program, suggesting the hospitals have the upper hand over insurers, according
to a new study.
MoreNurse practitioners get some autonomy
November 10, 2010
J.K. WallCould nurse practitioners get a promotion in the medical field? At least one health insurer is treating them like doctors
now.
MorePrincipal Financial shift to result in local layoffs
October 20, 2010
IBJ StaffFinancial giant Principal Financial Group Inc. is exiting the health insurance business, a move that will cost 60 Indianapolis
workers their jobs.
MoreWellPoint, Aetna led U.S. insurers in coverage denial
October 13, 2010
Bloomberg NewsUntil all consumers are required to buy health insurance, coverage restrictions are needed to keep people from gaming the
system, insurers say.
MoreWellPoint, other insurers' stock buybacks concern investors
October 12, 2010
Bloomberg NewsIndianapolis-based WellPoint Inc. and competing U.S. health insurers approved $10 billion in stock repurchases in the past
year, a concern to investors who say buybacks failed to increase share prices and who want more spent on dividends.
MoreInsurers cautious on accountable care
October 6, 2010
J.K. WallHealth insurers, including locally based WellPoint Inc. and Advantage Health Solutions, have been looking to work with health
care providers to form accountable-care organizations. But they also worry that the accountable-care concept will become nothing
more than a negotiating tactic by hospitals and doctors.
MoreReform will boost health care costs, Indianapolis panel predicts
October 2, 2010
Rising costs aren't the only impact of reform, say panelists taking part in a Power Breakfast sponsored
by Indianapolis Business Journal.
Health overhaul's $264M question weighs down WellPoint
September 22, 2010
Bloomberg NewsThe failure by state regulators to decide how much insurers must spend on patient care is scaring investors from health-plan
stocks and complicating insurance company decisions.
MoreBarron's: Brighter days ahead for WellPoint
September 8, 2010
J.K. WallIt’s been a tough year for major health insurers, but Barron’s magazine predicts a big comeback for Indianapolis-based
WellPoint Inc. and its rival UnitedHealth Group.
MoreHealth insurer cash shifts to favor Republicans before election
August 27, 2010
Bloomberg NewsHealth insurers led by WellPoint Inc. are backing Republicans with campaign donations by an 8-to-1 margin, favoring the party
that's promised to repeal President Barack Obama's health-care overhaul if it wins back Congress.
MoreCalifornia OKs Anthem rate hike after controversy
August 25, 2010
Associated PressThe California Department of Insurance said Wednesday it approved a rate increase averaging about 14 percent for Anthem Blue
Cross customers. The department also OK'd a nearly 19-percent increase for Blue Shield of California.
MoreWellPoint, other health insurers race to join accountable care groups
August 14, 2010
J.K. WallThe health care industry is responding to reforms that will pay doctors bonuses if they provide high-quality care and save
Medicare money.
MoreWellPoint, peers focus on health reform rules, campaign
August 3, 2010
Bloomberg NewsWellPoint Inc., UnitedHealth Group Inc. and three other health insurers, criticized by Democrats during the health care reform
debate, are seeking to influence how the new law will be implemented, and possibly change it, by campaigning for supportive
congressional candidates.
MoreInvestors fear insurers' rosy outlook will boost regulators' scrutiny
July 29, 2010
Bloomberg NewsIndianapolis-based WellPoint Inc. became the third U.S. health insurer this month to increase its 2010 profit forecast, stirring
investor concern that state and federal regulators may increase scrutiny of industry pricing.
MoreHospitals map out ways to bypass insurers
July 17, 2010
J.K. WallClarian Health is launching its own health insurance plan, the boldest of several initiatives at Indianapolis hospitals to
bypass health insurers and provide health benefits directly to employers.
MoreHealth reform rule could cost WellPoint
July 7, 2010
J.K. WallWellPoint Inc. has about $800 million riding on one arcane rule: how to calculate a medical loss ratio. The ratio quantifies
the percentage of customers’ premiums were spent on medical care, rather than overhead or profits.
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These higher rates Co. e about only because physicians are now hospital employees. otherwise physicians couldn't charge these rates and share the windfall with the hospital. Community/rural hospitals probably not buying physicians practices and thus weren't getting the windfall anyway.
The incentive for poor people to get themselves off public assistance and "no longer be poor" is even with help...they're STILL POOR! Being poor, even with some assistance, isn't all that pleasant. (I speak from experience) It's a stubborn myth that poor people, who are on public assistance, are sitting in the lap of luxury. You should try living on just those "freebies" that you mentioned and see how meager they actually are. By the way, I didn't mean you had to buy/own a puppy...just pet one. :)
As near as I can tell the minority has ZERO constitutional obligation to offer a quorum to the majority. A requirement for quorum was inserted into the constitution so that tyrannical majorities could not simply shove through odious and objectionable legislation (which is exactly what they did.) By allowing a tyrannical majority to charge fines against the minority for exercising their constitutional prerogative to deny quorum the court as made a mockery of constitutional governance in the state of Indiana.
The voters elected the Reps to make a vote not walk out on the vote. They had to the right to exercise their opinion and vote "no" to the bill. Let me ask you this if you walked out of your job for 5 straight weeks would you get paid? Would you even have a job to go back to? If any elected official walks out on the people they should be arrested for stealing tax dollars from the public. They were elected to do a job and not leave when the job gets stuff.
I have been to several of their locations in Pennsylvania and always go in for 1 item and leave with a basket full of things. I'm very happy they decided on Indiana, now if only they would put the other store in eastside.