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WellPoint
WellPoint stock bucks market plunge
August 17, 2009
IBJ Staff and Associated PressNews that the Obama administration might be willing to drop the idea of a government-run health insurance
plan has given a big boost to Indianapolis-based insurer WellPoint Inc.
MoreHigh-ranking WellPoint exec stepping down
August 11, 2009
J.K. WallWellPoint Inc.'s internal audit and chief compliance officer - and highest-ranking black executive - will leave the company
later this month, according to a companywide e-mail sent out yesterday.
MoreWellPoint stock falls despite quarterly profit
July 29, 2009
J.K. WallWellPoint Inc. shares slipped in morning trading after the company beat analysts’ expectations for second-quarter profits
but failed to raise its year-end earnings forecast. WellPoint earned $1.50 per share in the latest quarter, excluding investment
losses. Analysts were expecting $1.43 per share, according to a survey by Thomson Financial Network.
MoreGovernment-run insurance plan draws mixed reviews from employers
June 22, 2009
J.K. WallBusinesses all want to see reform of the health care system, but they diverge on how much the U.S. government's entrance into
the insurance market would help or hurt them.
MoreExpress Scripts closer to $4.7B WellPoint deal
May 28, 2009
IBJ Staff and Associated PressExpress Scripts Inc. has cleared an
antitrust review for its planned purchase of Indianapolis-based WellPoint
Inc.'s pharmacy benefits management business, bringing the $4.7 billion deal
closer to completion.
More$4.7B WellPoint deal leaves workers in limbo
April 13, 2009
J.K. WallInvestors cheered this morning after WellPoint Inc. agreed to sell its pharmacy management unit to Express Scripts Inc., but
the fate of about 2,100 WellPoint employees now is up in the air.
MoreWellPoint to sell subsidiary for $4.6B
April 13, 2009
J.K. WallWellPoint Inc. has
agreed to sell its pharmacy benefits management arm for $4.675 billion in cash and stock to St. Louis-based Express Scripts,
the companies announced April 13.
MoreHoosier doctors fret about medical tourism
January 19, 2009
If globalization comes to health care, could it push doctors and hospitals to the brink of a bailout?
That's the fear of Indiana doctors, who saw such a scenario become a whole lot more plausible late last year after Indianapolis-based
WellPoint Inc. announced a pilot "medical tourism" project in Wisconsin that would pay for a company's workers to
receive care
in India.
MoreWellPoint shares suffer
December 29, 2008
J.K. WallIt was a bad year to be a shareholder of most companies. But the value of the Indianapolis-based health insurer's stock lost
more than 55 percent of its value during the year.
MoreWellPoint could grow during tough time for health insurers
November 24, 2008
The health insurance industry — hurt by falling profits and threatened by Democratic reform bills — could see
another wave of
consolidation, and that may well involve Indianapolis-based WellPoint Inc.
MoreNew health plans will cost more later
November 17, 2008
Consumer-driven health plans will lead to greater medical expenses later because people avoid going to the doctor now.
MoreStudy says consumerism cuts costs
November 3, 2008
Consumer-directed health plans really work, at least according to WellPoint Inc., which has made a big push to sell them recently.
MoreWellPoint, St. Francis battle over insurer's IT problems
October 20, 2008
J.K. WallA year of computer snafus boiled over Oct. 13 when the St. Francis system declared WellPoint Inc. in breach of its contract because of habitually late payments.
WellPoint pushes sales force to market life, dental, vision
September 22, 2008
J.K. WallWellPoint Inc. touts as the company's biggest strength its dominant market share in its health insurance markets. But now the officers of the company are working to branch out beyond health insurance. They're training their sales force on how to better sell dental, vision and even life and disability insurance--which WellPoint refers to as its specialty group of products.
Ex-WellPoint VP sues, says he was axed for testifying in drug case
August 18, 2008
J.K. WallWellPoint Inc. prides itself on working to hold down the rising cost of health care. But to hear one of its former vice presidents tell it, the company retaliated against him when he worked to do just that. In a lawsuit against WellPoint, Dr. Randy Axelrod claims his former employer forced him out when he tried to curtail a drugmaker's controversial pricing strategy that was costing WellPoint money.
WellPoint expected to look for growth overseas
July 28, 2008
J.K. WallWellPoint Inc., the most dominant health insurer in the United States, registers as barely a pipsqueak in the rest of the
world. But it's only a matter of time, say industry experts, before WellPoint plunges into foreign markets to grow sales of
its health benefits and services.
MoreWellPoint 401(k) participants sue over decline in stock price
June 9, 2008
J.K. WallAngela Braly, Wayne DeVeydt and the rest of the top brass at WellPoint Inc. face wrath over the company's recent stock swoon
from a new group: ex-employees. Four former WellPoint workers have filed lawsuits against the Indianapolis-based health insurance
giant over the losses its 401(k) retirement plan suffered in March when the company slashed its profit forecast for the year.
MoreJanitors want Lilly, WellPoint to push for better health benefits
April 14, 2008
J.K. WallService Employees International Union Local 3 is backing local janitors as they restart contract negotiations April 16 with
five of the largest janitorial contractors in Indianapolis. SEIU now is taking direct aim at Lilly, health insurer WellPoint
Inc. and even some local hospitals, hoping they will pressure the janitorial contractors to come to terms.
MoreAnthem increases its hold on Indiana
March 24, 2008
J.K. WallAnthem Insurance Co. added nearly 75,000 commercial customers last year, pushing its total up more than 4 percent. Anthem,
a subsidiary of Indianapolis-based WellPoint Inc., now claims a whopping 1.8 million commercial customers in the state. The
trouble is, Anthem's dominance limits price competition, according to benefits brokers, making it hard for local HMOs such
as M-Plan or even some national players to compete.
MoreBraly gains prestige--fast
December 31, 2007
J.K. WallAt the beginning of 2007, few people outside WellPoint Inc. had even heard of Angela Braly. Nine months later, Fortune magazine
named her the fourth most powerful woman in business.
MoreWellPoint broadens push to improve health
December 3, 2007
J.K. WallWellPoint, Indiana's largest health insurer, is making more noise than ever about what it's doing to help improve Hoosiers'
and Americans' health.
MoreAngie's List CEO wanted shot at WellPoint's Zagat deal
October 29, 2007
J.K. WallWellPoint Inc. and Angie's List are both racing to launch doctor-rating services early next year. But Angie's List is already
sour over Well-Point's decision to partner with New York-based Zagat Survey LLC for its doctor-rating service, apparently
without talking to Angie's List.
MoreWellPoint adjusts to executive exodus
October 22, 2007
J.K. WallFifteen senior executives have left WellPoint Inc. since November 2004, when the giant health insurer formed through Indianapolis-based
Anthem Inc.'s $16.5 billion acquisition of California-based WellPoint Health Networks Inc. The merger made many of them rich,
work at WellPoint was grueling, and personal commitments called. So they moved on.
MoreWellPoint aims for Hispanic market
August 6, 2007
J.K. WallA team inside WellPoint Inc. that created a successful product for the 20-somethings is hard at work trying to create a similar
winner among Hispanics. A roughly 25-person team has researched Hispanics for two years and now is using its findings to establish
a separate brand name, a new Web site and grass-roots techniques to reach Hispanics.
MoreWellPoint CFO's affairs exposed by lawsuit
June 11, 2007
J.K. WallIn this era of hyper-scrutiny of corporate ethics, even messy personal lives can fell the career of a "well-loved and well-respected"
executive. Such appears to be the case with David C. Colby, whom WellPoint Inc. forced to resign as its vice chairman and
chief financial officer on May 30 for violating the company's code of conduct in a "non-business" way.
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