State Farm Mutual Automobile Insurance Co. said it plans to shut down 11 U.S. facilities, including its operations centers in Indianapolis and West Lafayette, displacing 620 people in Indiana and 4,200 workers overall.
The measure skirted through the House by a 217-213 vote, as all voting Democrats and a group of mostly moderate Republican holdouts voted no.
Republicans began pushing their prized health care bill through the House on Thursday, as the GOP sought a victory for President Donald Trump six weeks after nearly leaving the measure for dead.
Analysts say either Anthem or Cigna could make a move on Humana, which specializes in the fast-growing business of selling private health plans for the elderly.
The decision is a likely final blow to Indianapolis-based Anthem’s bid to complete the $48 billion merger, which a lower-court judge had said should be stopped because it risked undermining competition in health-insurance markets.
Express Scripts Holding Co. shares rose Wednesday after health insurer Anthem Inc., its biggest client, said it hasn’t ruled out using the pharmacy benefit manager after their contract expires.
Health insurer Anthem Inc. threatened to raise rates for its Obamacare plans next year if the U.S. government stops funding subsidies for lower-income customers. The insurer is also considering exiting some Affordable Care Act markets altogether.
The Indianapolis-based health insurer, which operates Blue Cross Blue Shield plans in more than a dozen states, said earnings increased 44 percent in the first quarter and revenue climbed 11 percent, reaching $22.5 billion.
The prescription drug manager said Indianapolis-based Anthem Inc., its biggest customer, doesn’t plan to extend its contract when it expires even though Express Scripts is offering major discounts.
One of the area’s largest insurance agencies announced Monday that it plans to move its corporate headquarters from the northeast side of Indianapolis to Carmel next year.
Obamacare is stuck in limbo, and insurers and state regulators are struggling to set their plans for what’s increasingly shaping up as a chaotic year for the health-care program.
The White House remained mum on the biggest concern. Insurers, doctors, hospitals and the business community have asked President Trump to preserve cost-sharing subsidies that pare down high deductibles and copayments for consumers with modest incomes.
An exit by Indianapolis-based Anthem Inc. could be devastating to the health care law, limiting coverage options for consumers.
Insurers are using cell phone location data to deny property claims by casting doubt that customers were where they said they were. Experts disagree about the accuracy of such investigations.
As Republicans pushed to end the Affordable Care Act, nearly 22,000 fewer Hoosiers bought health coverage on the exchanges, a decline some say could hurt hospitals.
The fate of the Republicans’ health care bill hangs in the balance, but Gov. Eric Holcomb is giving it his support.
The Carmel-based insurance holding company on Tuesday replaced its senior vice president for marketing and communications and the leaders of two of its three insurance subsidiaries.
Indiana officials are sounding alarm bells about a plan by Republicans in Congress to cut Medicaid spending.
Anthem CEO Joseph Swedish this week talked with President Donald Trump and Health and Human Services Secretary Tom Price about elements of the GOP plan that he’d like to see “enhanced.”
Fast-growing business lines are hard to come by in the insurance industry. Locally based OneAmerica Financial Partners Inc. has one on its hands, and it’s beefing up efforts to capitalize.
