The deal comes as the health sector is looking over the horizon at Amazon.com Inc., and how the company could transform the business of buying, distributing and selling drugs and medical products if it gets into health care.
Anthem said it has seen a drop in unnecessary ER visits in Kentucky since it started its review there and has rejected only around 1 percent of all claims as avoidable. The policy will expand to Indiana next year.
Stock analysts hailed Gail Boudreaux as an experienced, proven insurance executive, but some wondered why the company rolled out a succession move on such short notice.
Gail Boudreaux’s appointment as CEO of Anthem Inc., announced on Monday, makes her the highest-ranking female executive in the health insurance industry.
Anthem Inc. exceeded Wall Street third-quarter profit expectations and pushed its 2017 forecast higher in its latest quarterly report. It also acquired an insurer with more than 135,000 Medicare members.
Indianapolis-based insurer Anthem Inc. said it will set up its own pharmacy benefits management unit, signaling a final break with Express Scripts Holding Co. after the health insurer accused Express of overcharging it by billions of dollars.
Indianapolis-based Anthem Inc. declined to say Friday whether it would retreat even further from Obamacare than it already has in recent months.
The deal for HealthSun gives Anthem another 40,000 members and helps build its base in south Florida.
Anthem Inc. reversed course and said it will offer Obamacare plans in Virginia, after a pullback by another insurer threatened to leave the state with large gaps in coverage.
The Indianapolis-based health insurer is in talks with officials in some states ahead of deadlines later this month to decide whether to sell coverage in 2018, CEO Joseph Swedish said Tuesday.
Indianapolis-based Anthem had been the only insurance carrier to sell plans in all 120 counties on Kentucky's health exchange.
Nevada officials on Monday decried the Indianapolis-based insurer’s decision to pull its plans from three of the state’s more populous counties only weeks after it said it would not offer plans in the state’s other 14 counties.
A Marion County jury deliberated less than an hour before issuing verdicts in a long-running lawsuit by Dr. Randall C. Axelrod, who was removed as vice president of health care management for WellPoint’s Virginia-based east region in July 2006.
Concerned by the uncertain future of U.S. health care policy, Anthem Inc. warned it may hasten its retreat from Obamacare’s insurance marketplaces.
Indianapolis-based Anthem Inc. saw profit grow nearly 10 percent, helped by government business and coverage the health insurer sells to smaller employers.