WellPoint

WellPoint may be anti-competitive, Connecticut AG says

March 8, 2010
 IBJ Staff and Bloomberg News
WellPoint Inc.'s Anthem Blue Cross & Blue Shield of Connecticut may constrain competition through contracts that require that the insurer receives hospital discounts at least as favorable as any provided to a competitor.
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MAURER: WellPoint's Braly bravely takes on fussRestricted Content

March 6, 2010
Mickey Maurer
Wellpoint CEO Angela Braly was criticized by President Obama on national television. She incurred the wrath of health insurance policyholders in California and Indiana. She reignited debate on the moribund national health care reform bill. A woman hasn’t caused this much turmoil since all those ships were launched by Helen of Troy.
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Three Indiana companies among world's most admired

March 5, 2010
Brightpoint, WellPoint and Cummins are recognized by Fortune magazine as being among the best in their industries.
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Sebelius asks insurers to justify rate hikes

March 4, 2010
Associated Press
Health and Human Services Secretary Kathleen Sebelius met at the White House with the CEOs of Indianapolis-based WellPoint, Aetna, Cigna, UnitedHealth Group, as well as several state insurance commissioners.
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Consumer group sues Anthem over policy changes

March 1, 2010
Associated Press
A consumer watchdog group filed a lawsuit Monday against WellPoint's California subsidiary on behalf of policyholders, claiming they were pushed to take coverage with fewer benefits and higher deductibles.
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WellPoint records subpoened in California probe

February 26, 2010
Bloomberg News
The California attorney general has demanded documents from several health insurers, including Indianapolis' WellPoint, believing that their rate-setting and claims practices might be illegal.
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WellPoint CEO blames health costs for hikes

February 24, 2010
Associated Press
Amid attacks from Democrats over high executive salaries, Angela Braly testified in Washington, D.C., on Wednesday that big insurance-premium increases are the result of growing price tags for hospital care and pharmaceuticals.
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WellPoint testimony drops green flag on health reform restart

February 24, 2010
J.K. Wall
CEO Angela Braly is defending individual premium hikes one day before Obama's summit to debate his new reform proposal with Republicans.
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California lawmakers question Anthem about rate hikes

February 24, 2010
Associated Press
California lawmakers grilled Anthem Blue Cross executives on Tuesday about their plan to boost individual insurance premiums by as much as 39 percent, only to hear them blame the economy and a broken health care system.
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WellPoint gets tax delay in Obama health plan

February 22, 2010
Bloomberg News
Insurers WellPoint Inc. and others would get a delay in taxes on premiums and high-cost medical benefits, along with additional funding for expanding Medicaid, under a White House proposal
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Obama endorses new taxes, more drugmaker fees

February 22, 2010
Bloomberg News
Obama, seeking to break an impasse over health-care legislation, proposes a plan that includes the first Medicare tax on unearned income such as capital gains and higher fees on drugmakers.
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Insurers warn of problems with federal regulator

February 22, 2010
Associated Press
President Obama's latest push for a health care overhaul could drive health plans around the country into insolvency, according to an insurance trade group.
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A closer look at WellPoint's health insurance profits

February 22, 2010
Associated Press
At the heart of the debate is the question of what should be a fair profit for health insurers. WellPoint CEO Angela Braly will likely be grilled on the issue when she appears at a Congressional hearing Wednesday.
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WellPoint's health insurance rate hike spurs legislative inquiryRestricted Content

February 20, 2010
J.K. Wall
The furor over WellPoint Inc.’s premium hikes have migrated from California to Indiana, where state lawmakers held a high-profile hearing.
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White House plans new rules for health insurers

February 19, 2010
Bloomberg News
President Obama will release a proposal to restart the health-care debate before a bipartisan White House meeting on Feb. 25, one day after WellPoint officials testify before Congress about steep rate increases.
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WellPoint rate hikes spark protest in Indianapolis

February 18, 2010
J.K. Wall
Congressman Andre Carson will make remarks Thursday during a public chastising of Indianapolis-based health insurer for 21-percent rate hike on individuals.
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WellPoint, insurance commissioner get earful from lawmakers

February 17, 2010
J.K. Wall
State House insurance committee chair grills executives about WellPoint's 21-percent premium increase for individual policyholders in Indiana.
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WellPoint hits bottom with customers

February 17, 2010
J.K. Wall
Even before WellPoint dissatisfied President Obama over its rate increases in California, it wasn't doing so hot satisfying its actual customers, according to the American Customer Satisfaction Index.
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State lawmakers to probe WellPoint premium hikes

February 17, 2010
J.K. Wall
Three WellPoint executives will be on hand Wednesday morning to answer questions about premium increases on its individual policies, which have risen as high as 39 percent this year.
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WellPoint delays investor meeting to testify on rate flap

February 16, 2010
Bloomberg News
The Indianapolis-based insurer, preparing for Congressional testimony on proposed premium increases in California, says its earnings forecast is now less clear.
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Could WellPoint woes breathe life into health reform?

February 12, 2010
J.K. Wall
The firestorm created this week by Indianapolis-based health insurer WellPoint's spike in premiums could resurrect some parts of the languishing health reform bills.
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WellPoint CFO says insurance 'mega-mergers' unlikely

February 9, 2010
Bloomberg News
WellPoint Inc. chief financial officer Wayne DeVeydt said President Obama's Federal Trade Commission is unlikely to approve mergers among the biggest insurers.
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WellPoint: More employers involved in provider talksRestricted Content

February 6, 2010
J.K. Wall
Employer activism is on the rise when it comes to keeping hospitals honest in their negotiations with health insurers. Executives at Indianapolis-based WellPoint say more employers are airing their displeasure when hospital systems ask for double-digit reimbursement increases.
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UPDATE: Glasscock retirement marks WellPoint's maturation

February 3, 2010
J.K. Wall
Larry Glasscock will step down March 1 as WellPoint CEO Angela Braly takes over leadership of the company's board. She replaced Glasscock as CEO on June 1, 2007.
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Chairman Glasscock retiring from WellPoint board

February 3, 2010
 IBJ Staff
Larry Glasscock will retire as chairman of WellPoint Inc.'s board, the Indianapolis-based health insurer said early Wednesday. Company CEO Angela Braly will assume the position March 1.
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  1. Perhaps, after a year or so, if the Canadian company Brookfield is unable to manage US based mall properties, Simon might consider making a purchase at $6 billion instead of $10 billion. Perhaps it will be a bargin for Simon, but, sadly, a loss for GGP shareholders.

  2. Must be a SLOW news day; I've seen this story umpteen times already this year at other outlets, not to mention it's been covered for a number of consecutive years when March Madness heats up.

  3. Why is it that ride buying foreigners (displacing good Americans), once a pillar of the IRL mission, is now OK and accepted by the IRL place fans?

    I'm willing to bet the IRL could change it's name to "CART" and Indyman would be there to carry the helmet bag for them. Sir, you are getting closer and closer to having nothing to cling to. You hatred for CART is akin to beating the dead horse. Though, now that the horse is the IRL you're in love with the limp rotting carcass.

  4. All FACTS, my good conspiracy theorist.

    IF the IRL was transparent they'd crow about the rating, good or bad. They just SPIN and REVISE anything they can. That's called not having to admit they've done anything wrong...see, that's why ANgstadt only wants to focus on the future too.

    Kinda like killing someone and acting like it never happened...and only wanting to talk about the future. Sound familiar? IRL...

  5. Attended an Oscar party hosted by the Indianapolis International Film Festival. It was located at Forty-Five Degrees on Mass Ave, and although the broadcast was standard award show, the night was fun with silent auction and free sushi! The dj played over commercials with previous oscar-winning music/soundtracks, and there were raffle prizes drawn. About 150 people were there. Fun night!

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