WellPoint

WellPoint stock bucks market plunge

August 17, 2009
 IBJ Staff and Associated Press
News 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.

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High-ranking WellPoint exec stepping down

August 11, 2009
J.K. Wall
WellPoint 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.
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WellPoint stock falls despite quarterly profit

July 29, 2009
J.K. Wall
WellPoint 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.
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Government-run insurance plan draws mixed reviews from employersRestricted Content

June 22, 2009
J.K. Wall
Businesses 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.
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Express Scripts closer to $4.7B WellPoint deal

May 28, 2009
 IBJ Staff and Associated Press
Express 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.
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$4.7B WellPoint deal leaves workers in limbo

April 13, 2009
J.K. Wall
Investors 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.
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WellPoint to sell subsidiary for $4.6B

April 13, 2009
J.K. Wall
WellPoint 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.
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Hoosier doctors fret about medical tourismRestricted Content

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.
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WellPoint shares sufferRestricted Content

December 29, 2008
J.K. Wall
It 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.
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WellPoint could grow during tough time for health insurersRestricted Content

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.
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New health plans will cost more laterRestricted Content

November 17, 2008
Consumer-driven health plans will lead to greater medical expenses later because people avoid going to the doctor now.
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Study says consumerism cuts costsRestricted Content

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.
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WellPoint, St. Francis battle over insurer's IT problemsRestricted Content

October 20, 2008
J.K. Wall

A 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.


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WellPoint pushes sales force to market life, dental, visionRestricted Content

September 22, 2008
J.K. Wall

WellPoint 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.


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Ex-WellPoint VP sues, says he was axed for testifying in drug caseRestricted Content

August 18, 2008
J.K. Wall

WellPoint 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.


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WellPoint expected to look for growth overseasRestricted Content

July 28, 2008
J.K. Wall
WellPoint 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.
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WellPoint 401(k) participants sue over decline in stock priceRestricted Content

June 9, 2008
J.K. Wall
Angela 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.
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Janitors want Lilly, WellPoint to push for better health benefitsRestricted Content

April 14, 2008
J.K. Wall
Service 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.
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Anthem increases its hold on IndianaRestricted Content

March 24, 2008
J.K. Wall
Anthem 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.
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Braly gains prestige--fastRestricted Content

December 31, 2007
J.K. Wall
At 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.
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WellPoint broadens push to improve healthRestricted Content

December 3, 2007
J.K. Wall
WellPoint, Indiana's largest health insurer, is making more noise than ever about what it's doing to help improve Hoosiers' and Americans' health.
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Angie's List CEO wanted shot at WellPoint's Zagat dealRestricted Content

October 29, 2007
J.K. Wall
WellPoint 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.
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WellPoint adjusts to executive exodusRestricted Content

October 22, 2007
J.K. Wall
Fifteen 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.
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WellPoint aims for Hispanic marketRestricted Content

August 6, 2007
J.K. Wall
A 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.
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WellPoint CFO's affairs exposed by lawsuitRestricted Content

June 11, 2007
J.K. Wall
In 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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