CALIFORNIA | LOCAL
August 31, 1999
* Karen Hall has been named a member of the 1999 Executive Council of New York Life Insurance Co. Members of the council rank in the top tier of New York Life's active agents in the United States, based on 1998-99 sales achievement. Hall has been a New York Life agent since 1981 and is associated with its Central Coast General Office in Oxnard.
October 20, 1998 |
New York Life Insurance Co. sued Aetna Inc. over Aetna's attempt to reclaim part of the $1.05 billion it paid for a managed-care unit of New York Life. Aetna said it wants the price reduced after seeing the complete financial condition of the unit, NYLCare Health Plans--a move allowed under the purchase contract. Aetna agreed to buy the unit in March, and the deal closed in July. In its lawsuit filed in U.S.
April 9, 1996 |
BPS Healthcare has entered into an agreement to acquire a Los Angeles-based health maintenance organization as part of a plan to expand its coverage into Ventura County. The acquisition of VivaHealth Plan is subject to the approval of the California Department of Corporations. BPS Healthcare (formerly Benefit Panel Services) is a 210,000-member managed-care company that offers preferred provider organization and exclusive provider organization services to employers throughout California.
CALIFORNIA | LOCAL
February 20, 1993 |
A Fontana man was charged Friday with gunning down a relative in the parking lot of an Irvine business complex after a dispute, police and prosecutors said. Aramis Jaranilla, 46, is scheduled to be arraigned Monday in Municipal Court in Newport Beach on a charge of murder and using a gun stemming from the Wednesday afternoon slaying of Willie Uy Jr., 34, said Deputy Dist. Atty. Randolph J. Pawloski.
November 2, 1988 |
Troubled Maxicare Health Plans Inc. of Los Angeles said it had agreed to sell health maintenance organizations in Texas, New York and New Jersey to a subsidiary of New York Life Insurance Co. for $14 million. Maxicare, which is saddled with $474 million in debt accumulated during an ambitious expansion in the early 1980s, announced the agreement Tuesday and said the money would be used to help pay claims in its health plans. Sanus Corp.
October 25, 1989 |
Enterprise Partners, a Newport Beach venture capital firm, has attracted $60 million from major corporations and pension funds to form a second venture fund that will be used to invest in new and young Southern California companies. With the $60 million, Enterprise Partners now has $90 million of capital under its management. "We're very much regionally focused," general partner Charles D. Martin said. "We expect to continue doing what we've been doing.
August 22, 1997 |
Thirty-seven major health insurers, including Blue Cross of California, have sued SmithKline Beecham, accusing the company's clinical laboratory division of overbilling them by hundreds of millions of dollars. The lawsuit, filed in U.S. District Court in Hartford, Conn., also charges SmithKline with violating a federal racketeering law that allows plaintiffs to collect triple damages if their claims are upheld. The plaintiffs represent 37% of the nation's private health insurance industry.
November 3, 1991
The article "Health Costs Spiral" (Oct. 5) is very misleading regarding the real cost of employee health insurance in California and across the country. The survey by Milliman & Robertson Inc. used data based on $100-deductible indemnity plans--coverage as outdated as the 5-cent cup of coffee! That would be the same as reporting the average cost of automobiles based on a survey of Mercedes' owners. Most companies offer no less than a $250-deductible plan, and employers are gradually moving toward a $500 deductible.