New federal rules limit value of workplace wellness programs
The EEOC has decided that wellness programs must be voluntary and the associated incentives or discounts can’t exceed more than 30 percent of the cost of the employees’ health coverage.
Insurance
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Indiana health insurance costs expected to climb in 2017
Anthem, one of Indiana’s largest insurers, is seeking premium hikes ranging from nearly 20 percent to 41 percent for coverage it sells on and off the Affordable Care Act’s public insurance exchanges.
CNO changes course with Monumental Marathon sponsorship deal
Monumental Marathon Executive Director Blake Boldon called the three-year title sponsorship deal with CNO Financial Group “a game-changing sponsorship.”
Hoosiers could pay more for Obamacare policies next year
Seven insurers have filed requests to set new premiums for 2017, ranging from an average increase of 29 percent by Indianapolis-based Anthem Inc. to a decrease of 5.3 percent by Chicago-based Celtic Insurance Co.
Insurer’s top 3 execs ‘retire’ amid dispute with board leader
Three top executives of Baldwin & Lyons Inc.—who spent a combined 124 years with the Carmel-based trucking insurer—have suddenly "retired" after clashing for months with the board's executive chairman.
Indiana surgery centers sue nation’s top insurer over payments
A Carmel surgery center is joining others in the state in suing UnitedHealthcare, alleging it unlawfully withheld payment for some services to make up for overpayment of other claims.
Cigna says deal with Anthem may not happen this year
An analyst said the delay could be a sign of trouble for the acquisition.
Humana leaving some states over Obamacare losses
Humana Inc. is set to exit Obamacare markets in at least two states to stem financial losses, another sign of the struggles that health insurers face in the controversial program.
Longtime CFO DeVeydt announces resignation from Anthem
During his tenure, Wayne DeVeydt helped Anthem navigate through the recession, make the transition into Obamacare and negotiate its planned $54 billion acquisition of rival Cigna Corp.
CNO misses mark with lower quarterly revenue, profit
CNO Financial Group Inc. on Wednesday reported quarterly results that fell short of Wall Street predictions.
Anthem, others expand hepatitis C drug coverage after probe
Seven insurers, including Indianapolis-based Anthem Inc., reached an agreement with New York Attorney General Eric Schneiderman to cover hepatitis C drugs for patients in the early stages of the disease and for drug and alcohol users.
Anthem voices optimism on exchange growth prospects
The Indianapolis-based insurer essentially broke even on its Obamacare exchange business last year.
Enrollment gains help Anthem top analysts’ earnings expectations
The company, which is in the process of buying rival insurer Cigna Corp. for $54 billion, said medical enrollment has climbed by about 1 million members since the end of 2015, reaching 39.6 million members.
Telamon suffers new setback in $5M insurance lawsuit
The Carmel-based provider of telecommunications services sought to collect on insurance after discovering it was the victim of a massive theft by a high-level manager in New Jersey.
CNO Financial shakes up senior executive team
The Carmel-based company has a hired a president and promoted longtime exec Erik Helding to chief financial officer. The company also announced the departure of its chief business officer.
Insurer UnitedHealth starts pruning ACA exchange business
The nation’s biggest health insurer has decided to stop selling coverage on public insurance exchanges in two states next year and is continuing to evaluate its presence in other markets after reporting steep losses.
Report: New Obamacare enrollees sicker, costlier to insure
Health insurers gained a sicker, more expensive patient population after the Affordable Care Act expanded coverage in 2014, according to an early look at medical claims.
Insurers plot test to build better provider directories
The trade association America's Health Insurance Plans, or AHIP, will soon start testing a more efficient way to update insurer provider directories. Indiana will be one three states where the method will be tested.
Express Scripts leader wants Anthem to stay client despite $15B suit
Express Scripts Holding Co.’s incoming CEO is trying to keep its biggest customer after Anthem Inc. sued to recoup billions of dollars in what it called excess payments for drugs and threatened to end their relationship.
Anthem slaps lawsuit on Express Scripts over drug pricing
The insurer’s CEO said in January that Anthem should be reaping an addition $3 billion per year in savings on drugs from Express Scripts, which manages its pharmacy benefits.