Anthem Inc. has used the Blue Cross and Blue Shield brand names as a powerful tool on its way to becoming the nation’s second-largest health insurer. But those Blue brands now are a hurdle for Anthem’s $54.2 billion acquisition of Cigna Corp.
Mega-mergers among Anthem Inc. and its fellow health insurance giants could put pressure on provider-owned health plans such as Advantage Health Solutions and Indiana University Health Plans.
The company says its corporate headquarters will remain in Indianapolis, where its operations are responsible for contributing millions of dollars in corporate taxes and charitable giving.
The next challenge for Anthem Inc. in its quest to marry Cigna Corp. is to get its legal guardians to allow the ceremony to happen.
Reports by the Wall Street Journal, Bloomberg News and Reuters said Indianapolis-based Anthem has offered $48 billion for Cigna Corp.—which would be the largest merger in health insurance history.
The hospital system and a partner company have started meeting with health insurance brokers to pitch a program to save employers money by keeping workers and their families healthier.
Anthem Inc.’s massive data breach reported early this year is now generating real cases of identity theft, according to allegations in a small but growing number of lawsuits filed across the country. But Anthem and the FBI say none of the stolen data has been sold on the black market.
Aetna Inc. agreed to buy Humana Inc., the second-largest provider of private Medicare insurance, for $37 billion in cash and stock to broaden its health-care coverage.
Anthem Inc.’s proposed $47 billion buyout of Cigna Corp. is the latest example of corporate deals that get hung up over executive egos and turf battles. For example, Anthem CEO Joe Swedish wants to lead the merged firm, to the chagrin of Cigna’s CEO.
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.
Anthem Blue Cross and Blue Shield has added St. Vincent Health to the “narrow network” of health care providers it uses for Obamacare plans.
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.
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.
Chris Leeuw opened the doors of the NeuroHope rehab clinic on Feb. 18 to offer patients more time to recover and to help them remain healthy in spite of their immobilizing spinal cord and brain injuries.
Anthem Inc. spends $50 million a year and employs 200 people to keep its information technology secure. Yet the Indianapolis-based health insurance giant still left itself vulnerable to hackers on key fronts leading up to the theft of 80 million consumer records.
Health-coverage managers are becoming more aggressive in demanding discounts and exclusive deals from drugmakers to drive down the cost of medicine, Eli Lilly and Co.’s diabetes business chief says.
Roughly 4 million uninsured people are expected to pay penalties, and 26 million could qualify for exemptions from a list of more than 30 waivers.
WellPoint’s stock price rose 53 percent from Sept. 30, 2013—the day before the Obamacare insurance exchanges started up—until Dec. 19, 2014, when the price closed at $127.95.
House Republicans say the Obama administration overstepped its legal authority in carrying out the Affordable Care Act.
After sitting on the sidelines this year, UnitedHealthcare is getting back into Indiana’s individual-insurance game.
