Potential Anthem-Cigna deal hinges on CEO cooperation
Cigna Corp. and Anthem Inc. are poised to do the biggest deal that the health insurance industry has ever seen—if their CEOs can get along.
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Cigna: Anthem’s baggage makes marriage risky
Cigna said Anthem’s a risky bet due to fallout from its massive data breach, lawsuits that accuse it of conspiring to inflate prices, and lack of a growth strategy. But Wall Street thinks this deal is going to happen, unless Cigna can find another buyer.
Anthem reaffirms commitment to its $47 billion bid for Cigna
Indianapolis-based Anthem Inc. said Monday that the merged companies would cover more than 53 million people combined, a total that easily surpasses that of current market leader, UnitedHealth Group Inc.
Obamacare driving merger talk among big insurers
Driving the consolidation is the 2010 health law that put tougher rules on the industry, demanding more covered services, better care and a ceiling on profits.
Cigna rejects $47B offer from Anthem as ‘inadequate’
Anthem on Saturday offered to buy the smaller health insurer, which responded Sunday with a litany of concerns and criticisms.
Potential deal drama heats up among five health insurers
The biggest U.S. providers—UnitedHealth Group Inc., Anthem Inc., Aetna Inc., Cigna Corp. and Humana Inc.—are all looking at possible combinations. Indianapolis-based Anthem is considering a takeover of Cigna or Humana, a person familiar with the matter said.
Federal data hack far bigger than originally thought
Already considered one of the largest thefts of U.S. government personnel data in history, investigators now estimate that it may include data on as many as 14 million people, including every federal employee.
Anthem Obamacare plan backs off ‘narrow network’
Anthem Blue Cross and Blue Shield has added St. Vincent Health to the “narrow network” of health care providers it uses for Obamacare plans.
Health insurers request modest rate hikes
While health insurers in states around the country have proposed large rate increases for the health plans they sell on the Obamacare exchanges, insurers in Indiana are asking for modest increases or even decreases. The bad news is that it appears the rest of the country is just catching up with Indiana’s already-high prices.
Anthem offers free college degrees for employees
The Indianapolis-based health insurer announced Tuesday that it will pay upfront the $2,500 annual cost of a business or health care degree from College for America, which provides online programs for adults.
Anthem’s first-quarter profit surges past Wall Street’s predictions
Anthem exceeded Wall Street’s profit expectations by 47 cents per share and raised its full-year profit forecast by 20 cents per share.
Parents of autistic children gird for showdown with Anthem
After an Elkhart couple with an autistic son sued insurer Anthem Blue Cross and Blue Shield this month, autism families around the state started a campaign to get Anthem to change its policy for covering therapy for school-age children.
Anthem cancels public events about data breach at Ball State
Representatives from Indianapolis-base health insurer Anthem Inc. have canceled plans to speak publicly this week at Ball State University, where some employees have had their identities stolen.
Loss of special perks chops Anthem CEO’s compensation to $13.5M
The Indianapolis-based health insurer raised pay for its executives, including CEO Joe Swedish, at a much slower pace than the 38-percent return it generated for shareholders last year.
Anthem to help Feds study U.S. medical billing system
President Barack Obama is enlisting private companies into his drive to change the way the U.S. pays its medical bills, including insurers Anthem Inc. and Cigna Inc. and casino chain Caesars Entertainment Corp.
Senators demand Anthem hasten notifications on data breach
Two senior U.S. senators demanded Anthem Inc. pick up the pace in notifying as many as 79 million Americans that their personal information may have been stolen from the health insurer in a computer breach last month.
Anthem hack may have involved millions who aren’t customers
Social Security numbers, names and addresses for millions of people who aren’t customers of Anthem Inc. may have been breached in a massive cyberattack disclosed by the health insurer earlier this month.
Anthem finishes deal for Medicaid provider Simply Healthcare
Anthem Inc. has closed its purchase of Florida Medicaid managed care provider Simply Healthcare Holdings Inc. for an estimated $1 billion.
UPDATE: Anthem offers 2 years of free credit monitoring
The Indianapolis-based insurer is offering the monitoring and identity-theft repair as it continues to investigate how hackers broke into a database storing information for about 80 million people.
Insurance commissioners to lead Anthem investigation
The New Hampshire Insurance Department said Thursday that it will work with insurance departments in other states that also have significant Anthem business, including Indiana, California, Missouri and Maine.