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WellPoint
WellPoint CFO says feds may phase in medical-spending rule
June 16, 2010
Bloomberg NewsU.S. regulators may phase in requirements on how much health insurers spend on medical care to avoid pushing plans out of
the market for people who buy their own coverage, WellPoint Inc.'s chief financial officer said Wednesday.
MoreIndy firm launches bedsore weapon
June 16, 2010
J.K. WallThe latest idea from Dr. James Spahn, an Indianapolis health care entrepreneur, should help hospitals and nursing homes do
a better job of preventing severe bedsores, or pressure ulcers. That’s good, because Medicare and private health insurers
increasingly won’t pay to treat them.
MoreObama gives states $250 million to review insurance premiums
June 7, 2010
WellPoint may face the most threat from more aggressive reviews. The Indianapolis insurer is the leader in small-business
and individual policies, areas that have seen the biggest increases in recent years.
MoreWellPoint pledges two-day hospital stays after mastectomy
May 26, 2010
J.K. WallIn the company's latest response to withering criticism of its breast-cancer policies, WellPoint Inc. said it will pay
for any breast cancer patient to stay two days in a hospital after surgery.
MoreEffective stats are new hurdle for U.S. drugmakers
May 26, 2010
J.K. WallWellPoint Inc.'s announcement of comparative effectiveness research guidelines last week marks a new era for U.S. drugmakers.
The Indianapolis-based health insurer will use studies that compare the effectiveness of one drug against another as a complement
to typical clinical trial research that compares a drug against a placebo sugar pill.
MoreER doc is affable WellPoint activist
May 19, 2010
J.K. WallDr. Rob Stone wants the giant health insurer to convert to not-for-profit status and put him, an advocate of national health
insurance, on the company's board.
MoreBuffett bails on WellPoint
May 18, 2010
J.K. WallInfluential investor sold off all 1.3 million shares in the Indianapolis-based health insurer during the first quarter.
MoreWellPoint meeting ends abruptly as Bush collapses
May 18, 2010
J.K. WallBoard member William "Bucky" Bush, uncle of former President George W. Bush, appeared OK after a shortened meeting in which
shareholders approved
a "say-on-pay" proposal. Protesters gathered outside WellPoint's headquarters after the meeting.
MoreReport: WellPoint, Aetna may need relief from cost mandate
May 11, 2010
Bloomberg NewsThe U.S. health overhaul’s mandate that insurers spend 80 percent of premiums on medical care may
need to be loosened
to keep companies from quitting the market for people who buy coverage on their own, state regulators said.
MoreWellPoint, others may need relief from law's spending mandate
May 10, 2010
Bloomberg NewsThe health law passed by Congress in March will force insurers like WellPoint to give rebates to customers next year if the
companies don't meet the medical-spending minimums.
MoreBraly, Obama spar again over WellPoint cancellation policies
May 10, 2010
J.K. WallCEO of Indianapolis-based health insurer wrote to Obama on Sunday to rebut the president's criticism that WellPoint seeks
out breast cancer patients to cancel their policies.
MoreAnthem Blue Cross withdraws big California rate hike
April 29, 2010
Associated PressAnthem Blue Cross withdrew plans to raise health insurance rates for Californians by as much as 39 percent after an independent
audit determined the company's justification for raising premiums was based on flawed data.
MoreWellPoint profits rise, beat analysts' expectations
April 28, 2010
J.K. WallThe Indianapolis-based health insurer was helped in first quarter by a mild flu season, but it now expects to lose nearly
700,000 customers by year end.
MoreWellPoint to adhere to new rescission rules early
April 27, 2010
J.K. WallThe Indianapolis-based health insurer announced Tuesday afternoon it will be the first company to adopt stricter standards
on canceling
policies, which are contained in the health reform bill passed in March.
MoreWellPoint gets lashing from Sebelius, again
April 26, 2010
J.K. WallIndianapolis-based health insurer trades jabs with U.S. health secretary after Reuters story claims insurer deliberately cancels
coverage for breast cancer patients.
MoreMedicare Advantage may survive cuts under health reform
April 26, 2010
IBJ Staff and Bloomberg NewsThe two largest U.S. health insurance companies, UnitedHealth, based in Minnetonka, Minn., and WellPoint Inc., based in Indianapolis,
sell Advantage plans.
MoreDemocrats want government approval of health premiums
April 20, 2010
Bloomberg NewsInsurers like WellPoint Inc. should be required to get U.S. approval to increase premiums, Sens. Diane Feinstein and Tom Harkin
say.
MoreRockefeller: Insurers don't spend enough on medical care
April 15, 2010
Bloomberg NewsIndianapolis-based WellPoint “reclassified” more than half a billion dollars of administrative expenses as medical
expenses when it was defining its medical-loss ratio, according to a report released by U.S. Senator Jay Rockefeller’s
office.
MoreWellPoint, UnitedHealth, grapple with medical-cost mandate
April 13, 2010
Bloomberg NewsA U.S. mandate forcing insurers led by UnitedHealth Group Inc. and WellPoint Inc. to spend 85 percent of revenue from premiums
on medical care is the newest front in the battle between the Obama administration and companies over industry profits.
MoreMembers: Anthem health plans subpar
April 7, 2010
J.K. WallAnthem Blue Cross and Blue Shield of Indiana fell slightly below average for customer satisfaction among scores of health
plans,
according to a new survey by California-based J.D. Power & Associates.
MoreShareholder group wants WellPoint to become not-for-profit
April 6, 2010
J.K. WallProposal at annual meeting will ask health insurer to study feasibility of converting to not-for-profit status.
MoreCompensation for WellPoint's Braly rises 51 percent
April 2, 2010
Associated PressStock options, bonus fuels CEO's pay.
MoreWellPoint faces biggest changes under new law
March 31, 2010
J.K. WallThe Indianapolis-based health insurer has more individual and small-business customers than its major competitors, increasing
the impact of health reform.
MoreBill kicks off years of change for local health care players
March 22, 2010
J.K. WallSweeping changes phase in slowly for most, but insurers, hospitals, drug companies, employers, workers, medical device makers
and more will eventually feel impact.
MoreSimon Property Group adds Glasscock to board
March 18, 2010
IBJ Staff and Associated PressFormer WellPoint Inc. leader Larry Glasscock has joined the board of directors of the Indianapolis-based real estate giant.
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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.