A major Louisiana health insurer’s plan to reorganize and sell itself to Indianapolis-based insurance giant Elevance Health was shelved after critics of the sale voiced various concerns over the proposal.
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An arbitrator ordered the payments, and the hospitals say they can claim at least another $12 million from Anthem for tens of thousands of additional claims that it says the insurer has downgraded and not paid in full.
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Paying a half-billion-dollar settlement might seem painful, but health care observers say resulting changes to Blue Cross Blue Shield rules are so favorable to Anthem’s growth prospects that the deal is a huge win.
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Many health insurers are reporting second-quarter earnings double what they were a year ago, as Americans are putting off expensive surgeries and even routine office visits during the pandemic.
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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.
The Indianapolis-based health insurer said the name change will better reflect its mission of “elevating whole health and advancing health beyond healthcare.”
The Blue Cross-Blue Shield health insurer on Wednesday laid out earnings, revenue and enrollment projections for this year that all fell short of average analyst expectations.
Members of the Indiana Court of Appeals haven’t changed their minds in a case involving a fired Anthem executive’s failed appeal of a jury verdict for the insurance company,
As the downtown office market enters a post-pandemic period of volatility, the owner of the 213,600-square-foot building on Monument Circle is studying the cost of renovations to make it more alluring to would-be tenants.
The Indianapolis-based insurer says the treatments are “investigational”—or still under clinical study—but a California woman claims the electrical stimulation is FDA-approved and supported by numerous studies.
The Indianapolis-based health insurer is accused of falsely certifying the accuracy of incorrect diagnosis data from doctors and other health providers over four years.
Doctors fighting a reimbursement battle with one of the biggest U.S. health insurers want to make sure that ending surprise medical bills doesn’t come at the expense of their pay.
Prosecutors said Chinese resident Fujie Wang and a person they call John Doe were behind the huge data breach at the Indianapolis-based insurer in 2015, which compromised the information of 78 million people.
The nation's second largest insurer said Wednesday that enrollment in its fully-insured coverage jumped more than 6%, to 15.3 million.
Little progress has been made in replacing Anthem Inc. in the Monument Circle building that, until the end of last year, served as headquarters for the Indianapolis-based health insurance giant.
While publicly backing his company’s 2015 merger with rival health insurer Anthem, Cigna’s CEO privately expressed regret about signing on to a deal that left him with a reduced role, lawyers for Anthem said in court Monday.
Anthem and Cigna are battling in court over whether one owes the other billions in damages for the collapse of their proposed merger.
Cigna Corp. officials did everything they could to sabotage a $48.9 billion merger with Anthem Inc., Anthem’s general counsel told a judge Monday.
Shares of the nation's second-largest health insurer soared after Anthem said it expected adjusted earnings in the new year to be better than $19 per share.
Increasingly, top researchers are questioning whether drugs such as Lantus from Sanofi, Levemir and Novolog from Novo Nordisk A/S, and Humalog from Eli Lilly and Co. are really needed for many patients.
While many analysts expect the ruling to be reversed by higher courts, the news adds to volatility in a sector that had barely recovered from political static this year.
Indianapolis-based Anthem Inc. added more Medicare customers and continued to clamp down its biggest expense, benefit payouts, in the third quarter.
The nation’s second-largest health insurer has agreed to pay the government a record amount to settle potential privacy violations in the biggest known health care hack in U.S. history, officials said Monday.
