Battered insurer MDwise readies for turnaround
The CEO who took charge last summer of the Indianapolis company that provides health insurance, food, career help and other services to low-income people acknowledges he has a big job ahead.
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Judge blocks Trump’s small-business health insurance plan
The plans at issue in Bates’ ruling Thursday allow groups of small businesses and sole proprietors to band together to offer lower-cost coverage that doesn’t have to include all the benefits required by Obamacare. They also can be offered across state lines.
Ruling creates uncertainty for states’ Medicaid work rules
Arkansas Gov. Asa Hutchinson urged the federal government to appeal a ruling against his state’s requirement that certain people covered by its Medicaid expansion work or lose their coverage. States with similar rules, like Indiana, are closely watching the case.
Centene plans to buy WellCare for more than $15B in cash, stock
Health insurer Centene Corp. has agreed to buy managed-care provider WellCare Health Plans Inc., expanding in the market for government insurance plans just as politicians in Washington, D.C., appear to be gearing up for another health-policy clash.
Carmel-based CNO says new CFO will work in Chicago
The insurance company’s executive team is split between three cities that house its major brands. Chicago-bound CFO Paul McDonough will replace Erik Helding, who was based in Carmel.
Cigna CEO expressed regret about merger that later failed
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.
Lilly to introduce generic version of insulin at half off Humalog’s list price
The move comes at a time drug makers, especially those that make insulin, are facing withering criticism for raising prices.
Ex-Anthem CEO Swedish says leadership dispute led to war with Cigna
Anthem and Cigna are battling in court over whether one owes the other billions in damages for the collapse of their proposed merger.
Protective Insurance posts largest annual loss in decades
The Carmel-based company, which focuses on the transportation industry, also cut its dividend from 28 cents per share to 10 cents per share.
Democrats unveil ‘Medicare for all’ bill favored by liberal base
A leader of House Democrats’ progressive wing is proposing “Medicare for all” legislation that would replace almost all private health insurance, winning endorsements from many of its top presidential contenders.
Anthem says bid to save Cigna merger was ‘cut off at knees’
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.
CNO Financial posts fourth-quarter profit but full-year loss
The Carmel-based insurance holding company said last week that a previously reported third-quarter transaction hurt its full-year financial results.
Insurer Anthem unveils better-than-expected 2019 forecast
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.
Harvard study involving Anthem unit finds older insulins are both safe, cheaper
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.
Title insurance company ordered to issue refunds to Hoosier customers
The Indiana Department of Insurance said Wednesday that Nebraska-based First American Title Insurance Co. must pay $3.7 million for overcharging customers between 2006 and 2008.
Anthem among health care stocks suffering after Obamacare ruling
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.
Obamacare thrown out by judge, raising insurance uncertainty
The decision Friday finding the Affordable Care Act unconstitutional comes just before the end of a six-week open enrollment period for the program in 2019.
Insurer acquires former CMG headquarters in Fishers as part of expansion plan
DMC Insurance, founded by three former executives from local insurer Baldwin & Lyons, has acquired a prominent office building along Interstate 69 in Fishers and plans to ramp up employment.
Insurance stalwart might be on sale block
Trucking insurer Protective Insurance Corp., long known as Baldwin & Lyons, has skidded into red ink and now is pursuing “potential strategic partnerships or transactions.“
CNO Financial suffers $529M quarterly loss on reinsurance deal
Carmel-based insurance holding company CNO Financial Group Inc. on Wednesday reported a big third-quarter loss despite sales growth in all three of its business units.