Analyst foresees managed care growth in 2014
Major health insurers like WellPoint Inc. are in line for another year of growth, as the health care overhaul implements key elements in its push to cover millions of uninsured people.
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Anthem to omit some big hospitals from exchange network
Most of Indianapolis’ major hospitals and physician practices will not be available through Anthem’s exchange plan, but instead will be working with a health plan run by Indianapolis-based MDwise Inc.
Healthy Indiana Plan extends trial run a year
Indiana is being granted a limited extension of its Healthy Indiana Plan while state and federal health care leaders continue negotiating a possible Medicaid expansion.
Johnson County, Franklin near end of buyouts after 2008 flood
After the final buyouts, a total of 107 homes will have been razed with about $8.5 million in federal funds.
Airport authority sues insurance carrier for $9.2M
The Indianapolis Airport Authority claims Travelers Property Casualty Co. of America failed to pay it all the money it is owed following a steel-beam collapse during construction of the midfield terminal.
Survey: Health insurance costs outpace wage gains
Annual premiums for employer-sponsored family coverage climbed nearly 4 percent this year, to top $16,000 for the first time, according to a survey the Kaiser Family Foundation released Tuesday.
Federal health overhaul pinches Ivy Tech’s part-time faculty
The community college is cutting hours for part-time professors in response to the health care reform law, which requires employers to provide coverage to part-time employees who work 30 hours a week or more.
Blue Cross reaches out over insurance law changes
Indianapolis-based WellPoint and other Blue Cross Blue Shield health plans are among the health insurers most aggressive in reaching out to build consumer trust and capture spending on policies.
Baldwin & Lyons posts 21-percent boost in profit
The insurer of trucking and auto fleets reported healthy jumps in profit and revenue in the second quarter, spurred by record premiums written by subsidiaries.
CNO profit jumps 17 percent
The Carmel-based insurer and financial services company reported strong earnings on a slight increase of revenue for the second quarter.
WellPoint sees small-biz plans slip ahead of Obamacare
WellPoint Inc., the second-biggest U.S. health insurer, said more small employers are scaling back benefits this year, a potential hedge against higher costs expected under the U.S. health-care law.
WellPoint expects Obamacare to boost revenue to $90B by 2016
Health care reform, long perceived as a huge threat to WellPoint Inc., is now being embraced by the insurer as a huge growth opportunity.
WellPoint raises forecast after profit surges
Business continued to improve at WellPoint Inc. in the second quarter, helping the health insurer beat Wall Street’s expectations and raise its profit forecast for the year.
Buffett joins opening ceremony for Geico center
Billionaire investor Warren Buffett took part in the ribbon-cutting ceremony at the center in Carmel. Geico announced plans for the service center in March, saying it could have up to 1,200 workers in the next few years.
WellPoint rolls out program with cost ceilings for procedures
Under so-called reference-based benefits, insured patients would have to pay the difference between procedure prices and maximums set by their employers. Several Indiana companies are considering using the tactic.
WellPoint will pay $1.7M in online privacy inquiry
The agency said that between Oct. 23, 2009 and March 7, 2010, security weaknesses in a WellPoint online application database left the information of 612,402 people accessible to unauthorized users.
CNO repurchases $50M in shares in second quarter
The Carmel-based insurer expects to repurchase $250 million to $300 million of securities this year.
WellPoint cap program saves Calpers big money
The nation’s largest pension fund worked with the Indianapolis-based health insurer to cut medical costs 19 percent by capping the price of some surgeries, in the latest sign payers are taking a tougher line against rising hospital claims.
WellPoint settles Los Angeles lawsuit for $6M
The city had alleged that WellPoint’s Anthem Blue Cross of California unit illegally dropped more than 6,000 policyholders from coverage.
Electronic proof of auto insurance coming to Indiana
Indiana drivers who have to show proof of insurance to police after an accident or traffic violation can do so electronically starting July 1 under a new law that signals an increasing use of technology in insurance laws.