Business history is littered with colossally bad mergers that seemed brilliant at the time. So the insurer might benefit from avoiding the temptation to follow the current trend. Or it could get left in the dust.
Two Los Angeles doctors allegedly used fraudulent studies to persuade people to get Lap-Band surgery for weight loss and duped insurers into helping to pay the bills in what U.S. prosecutors called a $250 million scheme.
Anthem Inc. reported a fourth quarter decline in operating profit Wednesday morning, but the Indianapolis-based company said it expects President Donald Trump’s corporate tax cuts to increase its 2018 earnings.