June 5, 2007 |
When healthcare giant WellPoint Inc. ousted its top financial officer last week, it said only that the executive had violated its code of conduct. The parent company of Blue Cross of California said an inquiry "did not reveal illegal conduct and policy violations were in no way related to the business of WellPoint."
May 26, 2007 |
State regulators are investigating whether a $950-million dividend Blue Cross of California sent to its Indianapolis-based parent violates an agreement the companies made to limit such payments to keep premiums down and maintain the quality of healthcare benefits, officials said Friday. Officials said the parent, healthcare giant WellPoint Inc., should have taken no more than $141 million out of California.
February 27, 2007 |
WellPoint Inc., the nation's largest health insurer, surprised some analysts with its choice for a new CEO: a lesser-known executive who will become the highest-ranking woman in the Fortune 500. Angela F. Braly, a lawyer with deal-making experience and public-policy savvy, was chosen to take over when Chief Executive Larry Glasscock retires June 1. Glasscock, 58, announced his retirement Monday, citing family reasons the company would not elaborate on. He will remain nonexecutive chairman.
August 23, 2006 |
WellPoint Inc., the largest U.S. provider of health benefits by medical membership, said it would expand its offerings of low-premium, high-deductible insurance to most people enrolled in its plans. WellPoint, the parent of Blue Cross and Blue Shield plans in 14 states, will make the change beginning Jan. 1, the Indianapolis-based company said.
July 27, 2006 |
WellPoint Inc., the nation's largest health insurer, reported Wednesday that its second-quarter profit grew 34%, thanks largely to increased revenue from premiums and administrative fees. Executives said the company also continued to benefit from its December acquisition of rival WellChoice Inc. WellPoint's net income for the period grew to $751.2 million, or $1.17 a share, compared with $559.4 million, or 90 cents, during the same period last year.
April 27, 2006 |
WellPoint Inc., the nation's largest health insurer with more than 7 million members in California, saw first-quarter profit rise 20% on the heels of acquisitions and growing membership, the company said Wednesday. The report, however, gave more fodder to consumer and doctor groups who say the industry's rising profitability is due to a consolidation trend that is pushing up premiums and lowering compensation for physicians.