Anthem has declined to say how many of its 800,000 individual policyholders in California are being affected by the hike.
But Health and Human Services Secretary Kathleen Sebelius demanded specifics in a sternly worded letter.
WellPoint Inc. chief financial officer Wayne DeVeydt said President Obama’s Federal Trade Commission is unlikely to approve
mergers among the biggest insurers.
WellPoint and other health insurers were profitable in 2009, but the lingering unemployment problem is dampening the outlook
for this year.
Employer activism is on the rise when it comes to keeping hospitals honest in their negotiations with health insurers.
Executives at Indianapolis-based WellPoint say more employers are airing their displeasure when hospital
systems ask for double-digit reimbursement increases.
Indianapolis-based trucking fleet insurer benefits from investment gains after large losses the previous year.
Analysts say losses of employer-sponsored insurance customers due to layoffs is finally slowing down.
Kevin Stewart stole a computer server that contained the names and confidential information of 900,000 people.
Doctors are pushing again to strengthen their hands in contract negotiations with health insurers, especially market leader
Anthem Blue Cross and Blue Shield.
The long-term outlook for health care reform is uncertain, but many analysts are expecting big health insurers like Indianapolis-based
WellPoint to benefit in 2010.
The bill imposes hefty new taxes and coverage rules that will pinch insurers such as WellPoint Inc. by forcing them to cover
more sick people without gaining enough healthy, lower-cost customers, industry insiders say.
The company plans to use at least $150 million to repay debt under its senior credit agreement. The remaining proceeds will
be used for general corporate purposes.
Carmel-based insurer hopes to raise $234 million through public offering.
A U.S. District judge threw out the lawsuit against Conseco, saying the company’s emergence from bankruptcy in September
2003 wiped out prior legal claims.
Carmel-based insurer also wants to amend bank loans to assuage investor concerns ahead of $200 million stock offering.
Carmel-based Conseco’s second deal with Minnesota-based Wilton Reassurance Co. will bring in $45 million.
Conseco Inc. plans to sell about $230 million in stock and use half of the net proceeds to repay debt under its senior credit
agreement.
Health insurance costs have spiked 136 percent in past decade, more than three times more than wage growth.
At this point in the health reform debate, you have to take numbers from any side with a grain of salt. That said, Indianapolis-based
WellPoint Inc. has done perhaps the only local analysis of how proposed reforms would affect the cost of health insurance
for employers.
The Senate health care committee is investigating how health insurers, including Indianapolis-based WellPoint Inc., price
the coverage they sell to small businesses.
Baldwin & Lyons Inc. on Thursday morning reported a record third-quarter profit, thanks to big investment gains and an increase
in premiums.
