Court gives preliminary OK to WellPoint settlement
A California court has granted preliminary approval to a lawsuit settlement over an online security breach of health insurer WellPoint Inc.'s records.
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Not-for-profits vying with WellPoint may get $3.8B in loans
Not-for-profits that compete with insurers such as WellPoint Inc. are eligible for $3.8 billion in U.S. financing under the health law, and the government expects more than a third of the loans not to be repaid.
Healthy Indiana Plan makes room for more childless adults
Indiana is opening the rolls of its Healthy Indiana Plan medical savings account to 8,000 childless adults on Aug. 1.
More employers put faith in health savings accounts
Sizable Indianapolis companies like the Archdiocese of Indianapolis, consumer-ratings service Angie’s List, Marsh and Wilhelm Construction have switched to consumer-directed health plans. There’s some evidence nationally that the trend is set to accelerate.
Judge says no insurance cash for Indiana concert hall
A judge has decided that the owners of a southern Indiana concert hall destroyed in an arson nearly two years ago aren't owed any insurance money because they didn't properly maintain the sprinkler system.
Employers face messy decision to drop health insurance
Companies that drop insurance coverage could, without spending any more money than they are now, give workers an 11-percent raise or else help them save as much as $2,000 per year buying health coverage in one of the exchanges, IBJ calculations show.
Outgoing CEO: After ‘near-death experience,’ CNO doing well
CEO Jim Prieur got more than he bargained for when he took over CNO Financial Group (then-Conseco) five years ago, but he said he’s ready to step down now that the insurer is in good shape.
CNO says CEO Prieur to retire, to be replaced by CFO
Jim Prieur will retire as CEO of CNO Financial Group Inc. on Sept. 30 and will replaced by the company’s chief financial officer, Ed Bonach, the company announced Wednesday.
WellPoint to pay $100,000 over data breach
Health insurer WellPoint Inc. will pay $100,000 and take other steps after admitting it waited months to notify 32,000 Indiana customers that their Social Security numbers, health records and other personal information might have been exposed online.
Contractor wins $14.5M judgment against State Farm
A Hamilton County jury sided with Joseph Radcliff in his lengthy legal battle with the insurer following a 2006 hailstorm that caused severe damage in central Indiana. State Farm accused Radcliff of fraud.
WellPoint spent $1.5M lobbying feds in first quarter
WellPoint Inc., the nation's largest health insurer based on membership, spent about $1.5 million lobbying the federal government in the first quarter, as the health care overhaul debuted a new restriction that concerned managed care companies.
Tornadoes latest catastrophe to hit insurer’s books
Baldwin & Lyons Inc. expects to lose another $10 million due to worldwide catastrophes that occurred in the first half of the year, the Indianapolis-based property and casualty insurer reported Tuesday.
State appeals injunction blocking abortion law
Indiana's attorney general has appealed a judge's decision blocking part of new abortion law that took away some of the public funding for Planned Parenthood of Indiana.
WellPoint goes online to educate about ER use
Health insurer WellPoint Inc. has enlisted Google Maps for new websites that help patients think twice before they visit an emergency room for care that a less-expensive retail health clinic could handle.
Report: State’s life science sector continues to grow
A total of 220 life sciences startups have been launched in Indiana since 2004, or an average of 44 per year, according to a new report from BioCrossroads that tracked the industry’s growth over the last eight years.
Anthem settles suit involving 120K policyholders
Anthem Blue Cross, an affiliate of WellPoint Inc., has agreed to settle a lawsuit that accused the health insurer of manipulating policies and forcing patients into higher deductible policies with fewer benefits.
WellPoint pays big to tap fast-growing Medicare market
Analysts raised their eyebrows at the $800 million reportedly paid by WellPoint Inc. to acquire a West Coast Medicare plan, but with the commercial health insurance business stagnating, Medicare is vital to WellPoint’s future growth.
WellPoint paying almost $800M for CareMore
Indianapolis-based WellPoint Inc. agreed to acquire CareMore Health Group to expand Medicare coverage in California, Arizona and Nevada. The insurer paid almost $800 million, according to people familiar with the deal.
Government cutting rates for hard-to-insure patients
So far, about 18,000 people have signed up for the Pre-Existing Condition Insurance Plan, well short of government projections that some 375,000 people would gain coverage in 2010. Rates in Indiana will fall 26 percent.
Hoosiers in line for $30M in rebates
Only 19 of the 63 companies writing individual health insurance policies in Indiana have been meeting the new 80-percent medical-loss threshold of the health care reform law, potentially triggering a refund for customers.