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WellPoint
WellPoint draws criticism for California rate increase
January 9, 2013
Bloomberg NewsWellPoint Inc.’s plan to raise the rates for small employers in California was criticized as unreasonable by the state
insurance commissioner, who said customers are being charged this year to cover U.S. health-law fees that won’t begin
until 2014.
MoreWellPoint says earnings could slightly exceed expectations
January 8, 2013
Associated PressWellPoint Inc. said Tuesday that it expects 2012 earnings at the high end or slightly above a range that the health insurer
reaffirmed last month.
MoreWellPoint reaffirms 2012 earnings forecast
December 11, 2012
Associated PressWellPoint Inc. is sticking with a 2012 earnings forecast that it had cut in July, and the nation's second-largest health
insurer said it expects next year's earnings to be on par with this year's performance.
MoreFeds clear WellPoint's $4.5B acquisition of Amerigroup
November 28, 2012
Associated PressThe government has dropped its antitrust concerns about health insurer WellPoint Inc.'s proposed acquisition of Amerigroup
Corp., the Justice Department said Wednesday, clearing WellPoint to proceed with the $4.46 billion deal.
MoreAnalyst: WellPoint CEO search down to two
November 19, 2012
J.K. WallAccording to one Wall Street analyst, the search for a new CEO for Indianapolis-based health insurer WellPoint Inc. is down
to two candidates: former Aetna Inc. CEO Ron Williams and Amerigroup Corp. CEO Jim Carlson.
MoreSmall biz exposure clouds WellPoint's future
November 12, 2012
J.K. WallWellPoint’s average small-employer client has just 8.5 lives covered on its health plan. And firms of that size are
far more likely to use the new health insurance exchanges, said WellPoint Chief Financial Officer Wayne DeVeydt.
MoreHealth insurance stocks flop after Obama wins second term
November 8, 2012
Associated PressHealth insurance stocks sank deeper than the broader market Wednesday after President Barack Obama's re-election helped
clarify the future of his health care overhaul, a sweeping law that some investors fear will pinch profits.
MoreWellPoint shares droop despite profitable quarter
November 7, 2012
Bloomberg NewsWellPoint Inc.'s third-quarter earnings trumped Wall Street expectations, but the health insurer's stock tumbled Wednesday
after President Barack Obama won re-election, a victory that could help cement the future of his health care overhaul.
MoreDeal provides peek at Anthem's narrow networks
November 5, 2012
J.K. WallA new agreement in Wisconsin provides a glimpse of the kind of “narrow network” arrangements that Indianapolis-based
Anthem Blue Cross and Blue Shield might attempt in Indiana.
MoreJudge approves $90 million for Anthem plaintiffs
October 29, 2012
Kathleen McLaughlinThe settlement will go to 700,000 claimants in Indiana, Ohio, Kentucky and Connecticut, who said Anthem underpaid them when
it converted in 2001 from policyholder ownership into publicly traded company WellPoint Inc.
MoreAmerigroup shareholders approve $4.9B sale to WellPoint
October 24, 2012
J.K. WallShareholders of Amerigroup Corp. overwhelming approved the Virginia company’s sale for $4.9 billion to Indianapolis-based
health insurer WellPoint Inc. in a vote on Tuesday. The vote clears the way for the acquisition to close before the end of
the year.
MoreSmall law firm sees faith in WellPoint class-action suit pay off
October 13, 2012
Greg AndrewsA federal judge in June granted preliminary approval to a deal under which WellPoint Inc. would pay $90 million to settle
a lawsuit charging it undercompensated policyholders when it converted into a public company in 2001.
MoreWellPoint reorganizes into four business units
October 11, 2012
Bloomberg NewsSeparate Medicare and Medicaid divisions each will sell plans for those government-backed insurance programs. Another will
handle commercial and individual business, and a specialty unit will provide dental, vision and disability coverage.
MoreWellpoint raises $1.35B in first convertible offering since '99
October 3, 2012
Indianapolis-based WellPoint Inc. sold its first convertible securities in more than 13 years with a $1.35 billion offering
of 30-year bonds.
MoreAmerigroup delays vote on $4.9B WellPoint acquisition
October 3, 2012
Bloomberg NewsAmerigroup Corp. officials agreed to delay a shareholder vote on WellPoint Inc.’s $4.9 billion buyout offer to resolve
investors’ claims they were being shortchanged in the deal, the company said in a securities filing.
MoreWellPoint to add 100-plus local jobs for new Medicare contract
October 2, 2012
J.K. WallWellPoint Inc.’s National Government Services unit will add more than 100 jobs in Indianapolis beginning late this year
or early next after the health insurance giant won a new contract with the federal Medicare program.
MoreWellPoint likely to go outside for chief
September 29, 2012
J.K. WallWhile WellPoint Inc. and its predecessors have a history of grooming new CEOs in-house, the next leader of the health insurance
giant is likely to be an outsider, according to interviews with more than a half dozen former directors and officers of the
company.
MoreSome hospitals, doctors might be cut from health plans
September 29, 2012
J.K. WallWith health insurance premiums continuing to outstrip inflation, some health insurers and hospital systems are considering
bringing back an old strategy: limiting patient access to a “narrow” network of doctors and hospitals.
MoreWellPoint hires Chicago-based search firm to find CEO
September 25, 2012
Bloomberg NewsChicago-based recruiting firm Spencer Stuart & Associates Ltd. has previously led executive and board director hunts for
companies including Facebook Inc., Comcast Corp., Talbots Inc. and Hewlett-Packard Co.
MoreWellPoint says CEO search to take three to six months
September 20, 2012
Bloomberg NewsWellPoint is seeking a replacement for former CEO Angela Braly, who stepped down Aug. 28 amid shareholder discontent. The
company plans to hire a search firm within the next week.
MoreWellPoint spends $50M to burnish brand
September 17, 2012
J.K. WallThe Indianapolis-based health insurer expects the purchase of health insurance to look and feel much more like online retailing
than ever before, where brand name, along with price and convenience, win the day.
MoreWellPoint management team gets board support, CFO says
September 10, 2012
Bloomberg NewsAlmost two weeks after Angela Braly was forced out as WellPoint Inc. CEO, the management team she put in place has been told
by the board it will stay, said Chief Financial Officer Wayne Deveydt.
MoreBloomington docs still feuding with Anthem
September 10, 2012
J.K. WallA large physician practice in Bloomington remains at an impasse with Anthem Blue Cross and Blue Shield of Indiana less than
two months before their contract is set to expire.
MoreWellPoint plans debt offerings to fund Amerigroup acquisition
September 5, 2012
Bloomberg NewsIndianapolis-based WellPoint Inc., the second-biggest U.S. health insurer, is planning a four-part debt offering to help fund
its $4.9 billion acquisition of Amerigroup Corp, the insurer said Wednesday.
MoreBounty on Braly? $1.4 billion
September 4, 2012
J.K. WallInvestors who called strongly for the head of WellPoint Inc. CEO Angela Braly got what they wanted last week. In response,
they bid up WellPoint's share price by $1.4 billion on the day after she resigned.
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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.