Kroger to sell specialty pharmacy business to Elevance subsidiary
Kroger said the specialty pharmacy business is separate from its in-store retail pharmacies and The Little Clinics, which are not included in the proposed sale.
Kroger said the specialty pharmacy business is separate from its in-store retail pharmacies and The Little Clinics, which are not included in the proposed sale.
Alan Sword, who sold Medicare Advantage plans on behalf of Anthem, was suspended in an emergency order issued Jan. 30 by Amy Beard, commissioner of the Indiana Department of Insurance.
Cummins, Rolls-Royce, Eli Lilly and Co., AES and Elevance Health are among the city’s largest downtown employers and all say most of their workers have the option of working at home at least part of the time.
The two companies said the combination builds on a seven-year collaboration in Louisiana through joint ownership of Healthy Blue, which serves Medicaid and Medicare Dual Eligible members.
Investors were disappointed even as Elevance Health Inc. increased its full-year profit outlook and beat analysts’ projections for second-quarter earnings.
Anthem chief executive Gail Boudreaux is among several female business leaders who say their background in sports has been a benefit in corporate leadership.
The Indianapolis-based insurance giant said the new name will better reflect its mission of “elevating whole health and advancing health beyond health care.”
Medical enrollment at Anthem reached 46.8 million members as of March 31, an increase of 3.3 million, or 7.5 percent, from the prior year.
Indianapolis-based health insurer Anthem Inc. is suing a former executive, claiming he stole trade secrets, went to work for a direct competitor, and breached a contract involving restricted stock agreements.
The U.S. Department of Justice said Thursday that the proposed deal for Change Healthcare would hurt competition and give UnitedHealth Group—which is a competitor to Indianapolis-based Anthem Inc.—access to sensitive claims information from competitors.
The health insurer’s profit dropped as patients who hunkered down last year at the start of the COVID-19 pandemic started seeking care again, but growing enrollment in government-funded programs such as Medicaid and Medicare Advantage helped balance the jump in care use.
Enrollment in Medicaid plans that Anthem manages jumped 20%, to about 9.2 million people, compared with the same three months last year. That helped counter a drop in its more profitable commercial coverage, which includes employer-sponsored insurance.
The Anthem Foundation and LISC Indianapolis on Tuesday announced a major initiative to provide more equitable food access, starting with one Indianapolis neighborhood.
The bill pitted the two largest companies headquartered in Indianapolis—drugmaker Eli Lilly and Co. and health insurer Anthem Inc.—on opposite sides of the issue.
More than 250 workers in Anthem’s benefits administration and commercial claims and adjustments divisions won their claims after an investigator ruled in their favor.
Anthem said its forecast for this year includes a hit of between 50 cents and 70 cents per share due partly to the Consolidated Appropriations Act, which passed late last year and includes a one-year hike in Medicare doctor rates.
Food has become a bigger focus for health insurers as they look to expand their coverage beyond just the care that happens in a doctor’s office. More plans are paying for temporary meal deliveries and some are teaching people how to cook and eat healthier foods.
Operating revenue for the Indianapolis-based insurer climbed 16% from the same quarter last year to $30.65 billion. But net income fell to $222 million from $1.18 billion.
Anthem said the settlement closes the last investigation into the hacking, which exposed personal information of nearly 79 million customers.
A Delaware judge on Monday rebuffed efforts by both Cigna Corp. and Indianapolis-based Anthem Inc. to collect billions over their failed merger.