Baldwin & Lyons ekes out profit despite higher accident claims
Carmel-based insurer Baldwin & Lyons Inc. saw a big increase in revenue and premiums written in the first quarter, but a jump in accident losses almost wiped out earnings.
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Bid of $6.5B for Athenahealth might be ploy to lure other bidders, including Anthem
Shares in Athenahealth Inc. surged the most since 2016 after activist investor Elliott Management Corp. bid to acquire the medical company for $160 a share.
Anthem’s earnings jump 30 percent on lower medical expenses
Indianapolis-based insurer Anthem Inc. hiked its 2018 forecast after it topped Wall Street expectations with its first quarter performance.
Cigna-Express Scripts deal to face Justice Department review
Cigna Corp. confirmed that its proposed $54 billion acquisition of Express Scripts Holding Co. will be reviewed by the U.S. Department of Justice, which has raised the bar for approving deals that don’t combine direct competitors.
HHS secretary Alex Azar hires Indy insurance exec in key advisory role
Health and Human Services Secretary Alex Azar, a former Eli Lilly and Co. executive who was hospitalized twice this week, has hired Jim Parker, president and CEO of MDwise and a former longtime executive at Anthem Inc.
Anthem among health care’s biggest gainers from federal tax cuts
Four of the 20 biggest health-care companies in the Standard & Poor’s 500 Index saw a benefit from the tax overhaul in the fourth quarter. Among them was Indianapolis-based Anthem Inc.
Anthem agrees to $1.6M settlement over autism therapy
Insurance company Anthem Inc. has agreed to settle a federal lawsuit filed by Indiana parents who were denied coverage for therapy for their children with autism.
Anthem stays on sidelines amid blitz of megadeals
Business history is littered with colossally bad mergers that seemed brilliant at the time. So the insurer might benefit from avoiding the temptation to follow the current trend. Or it could get left in the dust.
Walmart reportedly in talks with Humana for deeper partnership or merger
Walmart and Humana have explored a wide range of options including a merger, according to a source familiar with the situation.
Former Lilly CFO Rice to lead CVS Caremark, report says
Derica Rice, 53, one of the nation’s most powerful black executives, retired from Indianapolis-based drugmaker Eli Lilly and Co. in December, after the company passed him over when naming a new CEO.
Health insurer Cigna buying Express Scripts for $52 billion
Health insurer Cigna is buying the nation’s biggest pharmacy benefit manager, the latest in a string of proposed tie-ups as health care’s bill payers attempt to get a grip on rising costs.
Weight-loss doctors accused of leeching millions from Anthem, other insurers
Two Los Angeles doctors allegedly used fraudulent studies to persuade people to get Lap-Band surgery for weight loss and duped insurers into helping to pay the bills in what U.S. prosecutors called a $250 million scheme.
Insurance giant GEICO adding 1,400 jobs at Carmel offices
The Chevy Chase, Maryland-based insurer said it will nearly double the size of its offices at 101 W. 103rd St. with the addition of 104,000 square feet.
Baldwin & Lyons sees quarterly growth in premiums, profit
The Carmel-based company, which specializes in insurance for the transportation industry, reported an estimated tax benefit of $9.6 million in the fourth quarter due to the effects of federal tax reform.
Secret discounts keep drug bills from soaring, middlemen say
Express Scripts Holding Co., one of the biggest pharmacy-benefits managers, says the drug-price deals it cuts behind closed doors are saving consumers a lot of money.
Flush with cash, Anthem to dole out $1,000 contributions to 58,000 employees, retirees
The Indianapolis-based insurer, which already has reaped more than $1 billion from recent tax reform measures, plans to help employees sock it away.
Feds approve work rules for HIP 2.0, more addiction funding
As many as 130,000 of the 400,000 people now covered by the Healthy Indiana Plan 2.0 will be required to work, take part in school or training, or do community service to continue receiving insurance benefits in 2019.
Anthem expects profit boost from tax cuts as health-industry shifts loom
Anthem Inc. reported a fourth quarter decline in operating profit Wednesday morning, but the Indianapolis-based company said it expects President Donald Trump’s corporate tax cuts to increase its 2018 earnings.
Amazon, Buffett, Chase team up to cut health care costs for workers
News on Tuesday that Amazon was forming a new company with JPMorgan Chase and Warren Buffett’s big-pocketed Berkshire Hathaway sent shock waves through the health care industry.
Anthem to leave Monument Circle HQ, move top execs to Virginia Avenue
Anthem decided not to renew its lease on the former J.C. Penney department store, which was refurbished for the insurance giant in the 1990s.