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BUSINESS
May 21, 2004 | Robert Salladay, Times Staff Writer
Democratic Assembly leaders Thursday ordered a public hearing to scrutinize the sale of Blue Cross of California to an Indiana company after learning that state regulators were set to approve the merger behind closed doors. In the past, state regulators have held public hearings on health company mergers to see if consumers were being protected and the law was being followed. The state Department of Managed Health Care, however, is nearing a decision on Anthem Inc.'s proposed $15.
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BUSINESS
July 29, 2010 | By Duke Helfand, Los Angeles Times
Despite falling revenue and enrollments, insurance giant WellPoint Inc. on Wednesday reported a 4% increase in profit for the second quarter. The Indianapolis company, the nation's largest health insurer by membership, earned $722.4 million, or $1.71 a share, in the three-month period ended June 30, compared with $693.5 million, or $1.43, for the same period the previous year. For the first half of the year, earnings were up 26% over 2009. WellPoint runs Blue Cross Blue Shield plans in 14 states and is the parent of Anthem Blue Cross of California, the state's largest for-profit health insurer.
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BUSINESS
March 3, 1998
Blue Cross of California has appointed Juan Cordero vice president of finance, the company announced this week. An accountant formerly with Touche Ross, Cordero is now responsible for financial analysis of life insurance and workers' compensation programs for the Blue Cross of California, a 3.6-million member subsidiary of Woodland Hills-based WellPoint Health Networks.
BUSINESS
July 27, 2010 | By Nathan Olivarez-Giles, Los Angeles Times
Health insurance giant Anthem Blue Cross of California announced the hiring of a former Aetna executive as its new president and general manager. Pam Kehaly, who has worked in the health insurance industry for more than 25 years, was named Monday to replace former President Leslie Margolin, who resigned a week ago. Kehaly will take the helm Aug. 30. Anthem, a unit of Indianapolis-based WellPoint Inc., is California's largest for-profit health...
NEWS
May 21, 1999
Money-losing Sacramento-based Omni Healthcare, which provides medical coverage for 124,000 Northern Californians, said it plans to close and is currently in negotiations with Blue Cross of California to transfer its members.
BUSINESS
May 4, 2000 | Bloomberg News
WellPoint Health Networks Inc., one of California's biggest health insurers, said its Blue Cross of California unit will stop processing Medicare claims as of December. Blue Cross & Blue Shield United of Wisconsin said it won the contract from the U.S. government to take over after Blue Cross of California stops and will hire the 400 workers currently employed to administer the claims.
BUSINESS
November 22, 2003 | From Staff and Wire Reports
Blue Cross of California backed away from its plan to cancel a contract with a Tenet Healthcare Corp.'s hospital that the insurer had accused of performing unnecessary heart procedures. Blue Cross of California, owned by WellPoint Health Networks Inc. of Thousand Oaks, previously said it would terminate its contract with Doctors Medical Center of Modesto on Nov. 30.
BUSINESS
September 9, 1997
Blue Cross of California, a subsidiary of WellPoint Networks Inc., has been selected to provide managed care services to the United Food and Commercial Workers Union and Food Employers Benefit Fund of Southern California. Under the contract, effective Sept. 1, more than 80,000 members of the union and their dependents will have access to Blue Cross of California's provider network, with more than 40,000 health care professionals at 375 facilities throughout the state.
BUSINESS
July 18, 2008 | Lisa Girion, Times Staff Writer
Anthem Blue Cross and Blue Shield -- two of the state's biggest health plans -- agreed Thursday to pay a total of $13 million in fines and to offer new health coverage to more than 2,200 Californians the companies dropped after they became ill. Neither company admitted to any wrongdoing in agreeing to pay the stiffest penalties yet in efforts by state authorities to curb what they view as an abusive practice of investigating and canceling policies after policyholders run up big medical bills.
BUSINESS
February 12, 2008 | Lisa Girion, Times Staff Writer
The state's largest for-profit health insurer is asking California physicians to look for conditions it can use to cancel their new patients' medical coverage. Blue Cross of California is sending physicians copies of health insurance applications filled out by new patients, along with a letter advising them that the company has a right to drop members who fail to disclose "material medical history," including "pre-existing pregnancies."
BUSINESS
December 30, 2007 | Lisa Girion, Times Staff Writer
At 13, David Denney's body functions like that of a baby. Severe brain damage halted his motor development at 4 months. Unable to walk, sit up, speak or even eat by mouth, David is cared for by a licensed vocational nurse who feeds him formula through a stomach tube, watching closely in case he retches. Blue Cross of California, the family's health plan, paid for the nurse for most of David's life at a cost of about $1,200 a week.
BUSINESS
November 2, 2007 | Lisa Girion, Times Staff Writer
The state stepped into a bitter battle Thursday between Blue Cross of California and the doctors, hospitals and medical labs that serve about 700,000 people covered by the state's largest health plan. At issue is the contentious financial relationship between medical providers and Blue Cross, which the state's top HMO regulator warned might worsen the plight of California's struggling hospitals.
BUSINESS
August 24, 2007 | From Times Wire Services
WellPoint Inc. unit Blue Cross of California beat out UnitedHealth Group Inc. and Aetna Inc. to win a three-year medical insurance contract with the California Public Employees' Retirement System. The California pension fund buys health coverage for more than 1.2 million state workers, retirees and their families. The subsidiary of Indianapolis-based WellPoint has had the CalPERS contract since 1999. CalPERS said it would spend $5.3 billion on health benefits next year, up from $4.
BUSINESS
August 8, 2007 | Lisa Girion, Times Staff Writer
When an Indiana company bought Blue Cross of California in November 2003, it promised to maintain and improve the services and benefits of the state's largest health insurer. Nearly three years later, state regulators say they have been besieged by complaints that patients are paying more and doctors are about to be paid less. Regulators held an unusual public hearing Tuesday in downtown Los Angeles to find out why.
BUSINESS
July 23, 2007 | Lisa Girion, Times Staff Writer
Blue Cross of California's latest antidote to rising healthcare costs isn't going down very well with physicians. The state's largest for-profit health plan is set to roll back its payments for about half the services and procedures provided by physicians next month. And many of the 53,408 physicians in Blue Cross' preferred provider organization (PPO) networks say that's a prescription for disaster. Doctors say the health plan imposed the new rates unilaterally.
BUSINESS
July 17, 2007 | Lisa Girion, Times Staff Writer
State regulators Monday postponed a hearing originally set for this week on complaints against Blue Cross of California, because its parent company has requested a more detailed agenda. The hearing now is set for Aug. 7 in Los Angeles. The state Department of Managed Health Care, which oversees HMOs, said last week that it had received more than 1,600 complaints from policyholders and doctors in less than three years against Blue Cross, the state's largest health insurer.
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