Anthem Inc. has used the Blue Cross and Blue Shield brand names as a powerful tool on its way to becoming the nation’s second-largest health insurer. But those Blue brands now are a hurdle for Anthem’s $54.2 billion acquisition of Cigna Corp.
Anthem Inc.’s proposed $47 billion buyout of Cigna Corp. is the latest example of corporate deals that get hung up over executive egos and turf battles. For example, Anthem CEO Joe Swedish wants to lead the merged firm, to the chagrin of Cigna's CEO.
Anthem Inc.’s massive data breach reported early this year is now generating real cases of identity theft, according to allegations in a small but growing number of lawsuits filed across the country. But Anthem and the FBI say none of the stolen data has been sold on the black market.
The biggest U.S. providers—UnitedHealth Group Inc., Anthem Inc., Aetna Inc., Cigna Corp. and Humana Inc.—are all looking at possible combinations. Indianapolis-based Anthem is considering a takeover of Cigna or Humana, a person familiar with the matter said.
While health insurers in states around the country have proposed large rate increases for the health plans they sell on the Obamacare exchanges, insurers in Indiana are asking for modest increases or even decreases. The bad news is that it appears the rest of the country is just catching up with Indiana’s already-high prices.
After an Elkhart couple with an autistic son sued insurer Anthem Blue Cross and Blue Shield this month, autism families around the state started a campaign to get Anthem to change its policy for covering therapy for school-age children.
Chris Leeuw opened the doors of the NeuroHope rehab clinic on Feb. 18 to offer patients more time to recover and to help them remain healthy in spite of their immobilizing spinal cord and brain injuries.
Anthem Inc. spends $50 million a year and employs 200 people to keep its information technology secure. Yet the Indianapolis-based health insurance giant still left itself vulnerable to hackers on key fronts leading up to the theft of 80 million consumer records.