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N jumped The U. But the Supreme Court ruling allowed states to choose whether to participate in the Medicaid expansion. Several Republican governors who opposed the law - including those in Texas, Florida and Louisiana - say they will not take steps to implement it, hoping November elections bring enough Republican wins to repeal it.
The law takes full effect in They cited a longstanding trend of government-backed health plans being moved to private companies to hold down costs. WellPoint may also gain an advantage in providing coverage to so-called dual-eligibles, or some 9 million Americans who meet the criteria for both Medicaid and the Medicare program for the elderly whose care is moving to the private sector, analysts said.
In addition to the Department of Justice, state insurance regulators will have to sign off on the buyout. WellPoint expects to close the Amerigroup deal in the first quarter of , financed with existing cash, commercial paper and new debt. WellPoint left its earnings-per-share forecast unchanged. The agreement carries a break-up fee of about 3 percent. Business News Updated. After a Los Angeles-area woman found that her application for coverage was publicly available, she filed a class action lawsuit against Anthem.
While gathering evidence for the proceeding, the woman's lawyers downloaded some confidential customer information from Anthem's website and alerted Anthem about the breach. According to the lawyers, confidential information had remained exposed for five months. On February 4, , Anthem, Inc.
According to Anthem, Inc. Anthem says the medical information and financial data was not compromised. Anthem has offered free credit monitoring in the wake of the breach. Michael Daniel, chief adviser on cybersecurity for President Barack Obama , said he would be changing his own password.
Beginning in , Anthem has been implementing and expanding its "Avoidable ER Program  " which means not reimbursing ER visits when the cause is not covered by the company. In , Sovereign Health pressed charges against Anthem, alleging that it was using direct payments to compel them to join Anthem's network under unfavorable terms. Rather than paying those facilities, Anthem sent checks directly to patients, some while they were still in rehab. This put the burden of compensating the facilities on the patients.
It placed the already financially troubled organization in a precarious situation, trying to collect sometimes very large sums of money, from the very people they were trying to help. In March , Anthem was sued by the Department of Justice. The lawsuit alleges that Anthem had submitted inaccurate diagnostics data in order to obtain increased Medicare reimbursements.
From Wikipedia, the free encyclopedia. American healthcare company. Traded as. Managed healthcare Insurance. Healthcare services Health insurance. Operating income. Net income. Main article: Anthem medical data breach. Securities and Exchange Commission. February 16, Anthem Insurance Companies, Inc. Retrieved June 28, June 16, April 20, May 18, Retrieved June 24, Salamie Jay P.
Pederson ed. International Directory of Company Histories. American City Business Journals. The New York Times. Bloomberg News. November 24, United Press International. March 26, December 8, May 30, Hartford Courant.
August 5, Associated Press. January 29, July 13, Los Angeles Times. The Wall Street Journal. January 28, January 10, October 11, Modern Healthcare.
January 3, Houston Chronicle. Business Wire. June 30, December 1, NBC News. Best's Insurance News. June 10, Thomas Register. August 9, Insurance Journal. July 21, The Atlantic. February 18, November 6, USA Today. Completes Acquisition of Beacon Health Options". March 2, Retrieved March 3, February 2, Retrieved February 2, Retrieved December 5, Completes Acquisition of Integra Managed Care".
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