Jump to content

Elevance Health

From Wikipedia, the free encyclopedia

"Wellpoint" redirects here. For other uses, see Amerigroup.
Elevance Health, Inc.
FormerlyAnthem, Inc. (2014–2022)
Company typePublic company
Industry
Founded2004; 20 years ago (2004) from Anthem and WellPoint Health Networks merger
HeadquartersIndianapolis, Indiana, U.S.
Key people
Elizabeth E. Tallett (Chairman)
Gail Koziara Boudreaux (President & CEO)
Products
RevenueIncrease US$171.34 billion (2023)
Increase US$7.71 billion (2023)
Increase US$5.98 billion (2023)
Total assetsIncrease US$108.92 billion (2023)
Total equityIncrease US$39.40 billion (2023)
Number of employees
102,300 (2022)
Subsidiaries
Websiteelevancehealth.com
Footnotes / references
[1]
The logo of Anthem Blue Cross Blue Shield

Elevance Health, Inc. is an American health insurance provider. Prior to June 2022, Elevance Health was named Anthem, Inc.[2] The company's services include medical, pharmaceutical, dental, behavioral health, long-term care, and disability plans through affiliated companies such as Anthem Blue Cross and Blue Shield, Anthem Blue Cross in California,[3] Wellpoint, and Carelon.[4] It is the largest for-profit managed health care company in the Blue Cross Blue Shield Association. As of 2022, the company had 46.8 million members within its affiliated companies' health plans.[5]

Based on its 2021 revenues, the company ranked 20th on the 2022 Fortune 500.[6] In 2023, the company’s seat in Forbes Global 2000 was 78.[7]

History

[edit]

Anthem

[edit]

In 1946, Anthem began in Indianapolis, Indiana, as Mutual Hospital Insurance Inc. and Mutual Medical Insurance Inc. The companies grew significantly, controlling 80% of the medical insurance market in Indiana by the 1970s.[8]

In 1972, The two firms, then known as Blue Cross of Indiana and Blue Shield of Indiana, entered into a joint operating agreement.[9]

In 1985, The two companies merged into Associated Insurance Companies, Inc,, later called, The Associated Group, a holding company, but usage of the name "Anthem" persisted.[10]

In 1989, the company purchased American General Insurance Co. for $150 million and in 1991, it acquired The Shelby Insurance Co., based in Shelby, Ohio, for $125 million.[11]

In 1989, The Associated Group founded Acordia, a brokerage that sold and serviced insurance and employee benefit programs.[8]

In 1993, Acordia acquired American Business Insurance for $130 million[12] and the Federal Kemper Insurance Company for $100 million.[13] The Associated Group bought Southeastern Mutual Insurance Company, the operator of Blue Cross and Blue Shield of Kentucky.[14]

In 1994, it sold Raffensperger, Hughes & Co., Inc., Indiana's largest investment bank, to National City Corp.[15]

In 1995, The Associated Group acquired Community Mutual Insurance, a provider of Blue Cross and Blue Shield insurance plans in Ohio with over 1.9 million policy holders), then set up Anthem Blue Cross and Blue Shield.[16][17]

In 1996, The Associated Group changed its name to Anthem Insurance Company.[17]

In August 1997, Anthem acquired Blue Cross and Blue Shield of Connecticut.[18] It also sold Acordia to management.[19]

In 1999, Anthem acquired Blue Cross and Blue Shield of New Hampshire and Blue Cross and Blue Shield of Colorado and Nevada. The acquisitions made since 1996 added 850,000 policy holders. Among its customer base were 2.4 million PPO and 964,000 HMO enrollees.[20]

In 2000, Anthem acquired Blue Cross Blue Shield of Maine.[21]

In 2001, In October, Anthem underwent demutualization and became a public company via an initial public offering, which made it the fourth largest public managed health care company in the United States.[22]

In 2002, Anthem acquired Trigon Healthcare of Virginia, a Blue Cross and Blue Shield plan, the largest insurer in Virginia, for $4.04 billion. Anthem Insurance Company reached 11.9 million members.[23]

Blue Cross of California

[edit]

Blue Cross of California was the predecessor of WellPoint Health Network Inc.

In 1982, Blue Cross of California was founded with the consolidation of Blue Cross of Northern California (established in 1936) and Blue Cross of Southern California (established in 1937).[24]

In 1992, WellPoint was formed to operate Blue Cross of California's managed care business.[25]

In January 1993, Blue Cross of California spun off its managed care business into a publicly traded entity, WellPoint Health Networks Inc. Blue Cross of California retained an 80% interest and voting control.[26][27]

In 1996, Blue Cross of California restructured to a for-profit corporation, designating WellPoint Health Networks Inc. as the parent organization.[28]

In April 1996, WellPoint completed its acquisition of Massachusetts Mutual Life Insurance Company's group life and health insurance subsidiaries for approximately $380 million, making it the second largest publicly held managed health company in the U.S. with 4 million policyholders.[29]

In March 1997, WellPoint acquired the group health and life businesses of John Hancock Financial for $86.7 million. With this acquisition, WellPoint expanded its presence into Michigan, Texas, and the mid-Atlantic, and gained a unit that concentrated on serving the needs of large employers.[30]

In 2000, WellPoint acquired PrecisionRx, a mail service pharmacy fulfillment center in Texas.[31]

In 2001, WellPoint offered to acquire CareFirst BlueCross BlueShield for $1.37 billion, including $119 million in bonuses to Carefirst executives.[32] In 2003, the offer was rejected by the Maryland insurance commissioner.[33]

In March 2001, WellPoint acquired Rush Prudential Health Plans, a Chicago provider, for $204 million.[34] In March 2001, WellPoint acquired Cerulean Companies, the parent company of Blue Cross Blue Shield of Georgia.[35]

In 2002, WellPoint acquired RightChoice Managed Care, a Missouri-based company that ran Blue Cross and Blue Shield for part of the state, for $1.5 billion.[36][37] RightChoice also owned provider network company HealthLink.[38] WellPoint also acquired MethodistCare of Houston, Texas[39] and HealthLink.

In 2003, WellPoint acquired Golden West Dental and Vision of Camarillo, California, and Cobalt, including Blue Cross and Blue Shield United of Wisconsin.[40][41]

In November 2004, Wellpoint, Inc. was formed by the merger of Anthem Insurance Company and WellPoint Health Networks Inc. The merger was structured as Anthem acquiring WellPoint Health Networks and renaming itself WellPoint, Inc. WellPoint continued to use 'Anthem' as the brand name under which it operated. It sold its Blue Cross and Blue Shield products in 11 states.[42][43]

In 2005, WellPoint acquired Alexandria, Virginia–based Lumenos, a provider of consumer-driven health care, for $185 million.[44] Lumenos was the pioneer and market leader in consumer-driven health plans. In December, WellPoint acquired WellChoice, a New York City-based Blue Cross Blue Shield provider, for approximately $6.5 billion,[45] making New York the 14th state in which WellPoint is a Blue Cross Blue Shield licensee.

In 2007, WellPoint acquired Chicago-based American Imaging Management, a radiology benefit management company that creates software to help physicians choose cost-effective locations for their patients to receive medical imaging tests.[46] WellPoint also acquired Chicago-based American Imaging Management (AIM), the leading radiology benefit management company.

In January 2008, Leslie Margolin became the president of California operations. She resigned in July 2010.[47]

In 2008, WellPoint acquired Resolution Health, a firm that analyzes patient history for potential medical problems such as adverse drug interactions.[48]

In 2009, WellPoint acquired DeCare Dental, a dental insurance firm.[49]

In 2011, WellPoint acquired CareMore, a Cerritos, California-based provider of insurance and care centers for elderly patients.[50]

In 2012, WellPoint acquired Amerigroup for $4.9 billion, anticipating significant growth due to Medicaid expansion under the Patient Protection and Affordable Care Act.[51][52][53]

In August 2012, CEO Angela Braly resigned due to pressure from investors.[54][55]

On August 13, 2014, WellPoint announced it intended to change its name to Anthem, Inc., effective in December.[56]

Anthem, Inc.

[edit]

In February 2015, the company acquired Simply Healthcare Holdings, a Medicaid and Medicare managed care company based in Florida.[57]

In June 2015, Anthem made an offer to acquire Cigna for more than $54 billion in cash and stock.[58][59] In February 2017, United States district court Judge Amy Berman Jackson blocked the Cigna merger on grounds of anti-competitive practices.[60] On February 14, Cigna called off its merger agreement with Anthem.[61]

In October 2017, Anthem announced that it would not renew its pharmacy benefit management (PBM) relationship with Express Scripts saying it had been overcharged $3 billion and that instead, Anthem would eventually handle the PBM process itself through its new IngenioRx unit. Anthem announced that it would enter a 5-year contract with CVS Health.[62] Cigna then announced plans in March 2018 to acquire Express Scripts for $58 billion.[63]

On November 6, 2017, Gail Koziara Boudreaux was named CEO.[64]

In 2018, the company announced a $20 million expansion of its headquarters and the signing of a lease in Atlanta for its technology center.[65]

In March 2020, Anthem announced the acquisition of Beacon Health Options, and independently held behavioral health organization.[66]

On February 2, 2021, Anthem announced the acquisition of InnovaCare Health's Puerto Rico subsidiaries including MMM Holdings, LLC (“MMM”) and its Medicare Advantage (MA) plan MMM Healthcare, LLC as well as affiliated companies and Medicaid plan.[67]

In November 2021, Anthem announced the acquisition of Integra Managed Care in New York.[68] The acquisition of the New York-based international health insurance company was completed on May 5, 2022.[69]

On June 28, 2022, Anthem announced a change of its corporate name to Elevance Health, Inc. and also changed its stock ticker symbol from "ANTM" to "ELV".[70]

Elevance Health

[edit]

On January 23, 2023, Elevance announced that it entered a definitive agreement to acquire Blue Cross and Blue Shield of Louisiana, increasing Elevance's footprint to 15 states and adding 1.9 million new members.[71]

In 2023, Elevance announced that it would rebrand its Amerigroup business as Wellpoint starting in 2024.[72]

Subsidiaries

[edit]

Elevance Health includes the following subsidiaries:[73][74]

  • Amerigroup
    • District of Columbia (Medicaid)
    • Georgia (Medicaid)
    • New Mexico (Medicare Advantage)
  • Anthem Blue Cross
    • California
      • Blue Cross of California Partnership Plan (Medicaid)
    • New York (upstate)
  • Anthem Blue Cross Blue Shield
    • Colorado
    • Connecticut
    • Georgia
    • Indiana
    • Kentucky
      • Anthem Blue Cross and Blue Shield Medicaid
    • Maine
    • Missouri (excluding 30 counties in the Kansas City area)
    • Nevada
      • Anthem Blue Cross and Blue Shield Healthcare Solutions (Medicaid)
    • New Hampshire
    • New York (downstate)
    • Ohio
    • Virginia (excluding Alexandria City, Arlington County, Falls Church City, and parts of Fairfax County)
      • HealthKeepers (Medicaid)
    • Wisconsin
  • Carelon Behavioral Health
    • Carelon Behavioral Health of California
    • Carelon Behavioral Health of Kansas
    • Carelon Health of Pennsylvania
  • Carelon Global Solutions India
  • Freedom Health
    • Florida
  • Golden West Dental & Vision
    • California
  • HealthSun
    • Florida
  • MMM
    • Puerto Rico
  • Optimum Healthcare
    • Florida
  • Simply Healthcare
    • Florida
  • UniCare
    • West Virginia
  • WellPoint
    • Arizona (Medicare Advantage)
    • Iowa (Medicaid and Medicare Advantage)
    • Maryland (Medicaid)
    • Massachusetts (government employees)
    • New Jersey (Medicaid and Medicare Advantage)
    • Tennessee (Medicaid and Medicare Advantage)
    • Texas (Medicaid and Medicare Advantage)
    • Washington (Medicaid and Medicare Advantage)

Joint ventures

[edit]

Elevance Health operates joint ventures including:[73]

  • Anthem | MaineHealth (with MaineHealth)
    • Maine
  • Blue Medicare Advantage (with Independence Blue Cross)
    • Pennsylvania
  • Colorado Community Health Alliance (with Centura Health, Physician Health Partners and Primary Physician Partners)
    • Colorado
  • Healthy Blue Kansas (with Blue Cross and Blue Shield of Kansas and Blue Cross and Blue Shield of Kansas City)
    • Kansas
  • Healthy Blue Louisiana (with Blue Cross Blue Shield of Louisiana)
    • Louisiana
  • Summit Community Care
    • Arkansas

Quality of care

[edit]

In 2011, in the category of "Meeting National Standards of Care," California's state patient advocacy office gave Anthem a rating of 2 out of 4 stars.[75] In 2014, it received 3 out of 4 stars in the same category.[76] In 2022, twenty-one of Elevance Health's affiliated Medicaid plans earned accreditation for health equity from the National Committee for Quality Assurance (NCQA).[77]

Controversies

[edit]

Charitable donations

[edit]

In 2007, WellPoint pledged to spend $30 million over three years, through the company's charitable foundation, to help the uninsured. In March 2010, the Los Angeles Times reported that WellPoint's tax records and website showed that the company had given only $6.2 million by 2009. The company said that the foundation had indeed fulfilled its $30-million commitment by mid-2009, but refused to provide any financial details to support its claim.[78]

2007 DMHC Investigation: Illegal policy rescissions and Anthem's settlement

[edit]

In 2007, the California Department of Managed Health Care (DMHC) investigated Anthem's policies for revoking (rescinding) health care insurance policies. The DMHC randomly selected 90 instances where Anthem canceled the insurance of policy holders who had been diagnosed with costly or life-threatening illnesses, to find how many of these cancellations were legal. The agency concluded that all these cancellations were illegal.[79][80]

In July 2008, Anthem Blue Cross agreed to a settlement with the California Department of Managed Health Care; however in doing so, WellPoint did not officially admit liability. To resolve allegations of improper policy rescissions (cancellations), WellPoint paid $10 million and reinstated plans for 1,770 policy-holders who were affected by cancelled policies. The company also agreed to provide compensation for any medical debts incurred by these policy-holders.[81]

2010 Reuters Exposé: Algorithm targeting women with breast cancer for policy cancellation

[edit]

In April 2010, Reuters alleged that Wellpoint "using a computer algorithm, identified women recently diagnosed with breast cancer and then singled them out for cancellation of their policies."[82] The software used immediately triggered fraud investigation for those recently diagnosed with the disease as the company searched for some pretext to drop their policies.[83] Wellpoint argued that its algorithm was scanning for diagnostic codes for conditions that patients might have known about during the insurance application.[84] The story not only caused considerable public outrage, but it also led Secretary of Health and Human Services, Kathleen Sebelius, and President Barack Obama, to call on WellPoint to end the practice.[85]

In 2011, Anthem began cancelling policies of members who had been paying premiums with credit cards, sometimes without calling or emailing the member ahead of time.[86]

Opposition to healthcare reform

[edit]

In August 2009, Anthem, the largest for-profit insurer in California, contacted its employees and urged them to get involved to oppose healthcare reforms proposed during the Obama administration. Consumer Watchdog, a nonprofit watchdog organization in Santa Monica, asked California Attorney General Jerry Brown to investigate its claim that WellPoint had illegally pushed workers to write to their elected officials, attend town hall meetings and enlist family and friends to ensure an overhaul that would match the firm's interests. According to Consumer Watchdog, California's labor code directly prohibits coercive communications, including forbidding employers from controlling, coercing or influencing employees' political activities or affiliations. WellPoint had not been contacted by the California attorney general and had not seen any complaint.[87]

Through 2010 and into 2011, WellPoint senior executives met monthly with executives of other major health insurers to blunt the effect of the Patient Protection and Affordable Care Act.[88]

[edit]

In 2009, Anthem Health Plans of Maine, a WellPoint subsidiary, sued the state of Maine for the right to increase premiums further.[89] Since Maine licenses insurance companies through its Bureau of Insurance, Anthem needed the state's permission to raise rates.[90] The Court disagreed with Anthem and found that, unlike with other forms of insurance, the Maine Insurance Code does not require the Superintendent to consider profits.[91]

Controversial rate increases in California and the resulting investigation and public outrage

[edit]

In February 2010, WellPoint announced that rates would increase on some Anthem Blue Cross individual policies in California by as high as 39%. The announcement resulted in an investigation by regulators from the Federal and California governments.[92] Anthem Blue Cross gained worldwide media attention and became a poster child for the problem of rising cost of health care in the U.S.[92] The rate increase came one year after Anthem had raised rates 68% on individual policy holders.[92]

To explain the rate increases, some which were four times the rate of medical inflation, Anthem said the company had experienced a death spiral: the company claimed that with increased unemployment and declining wages, healthy customers dropped their insurance policies. Consequently, the remaining risk pool became sicker and thus more expensive to insure; and, in turn, prices were forced up and pushed more people out of the market.[93]

In response to the outrage from politicians and consumers, Anthem postponed the rate increase until May 1, 2010.[94]

Senator Dianne Feinstein of California proposed giving the Federal government of the United States authority to block insurance premium hikes that it considers to be "unjustified".[95]

WellPoint's reclassification of administrative costs as medical care to meet the patient protection and affordable care act requirements

[edit]

On 17 March 2010, WellPoint announced it was reclassifying some of its administrative costs as medical care costs in order to meet loss ratio requirements under the Patient Protection and Affordable Care Act, which requires insurers to spend at least 80% or 85% of customer premiums on health care services, depending on the type of plan.[96]

2009–2010 data breach in California exposing personal information of thousands of customers

[edit]

In June 2010, Anthem sent letters to 230,000 customers in California warning them that their personal data might have been accessed online via a data breach. After a routine upgrade in October 2009, a third-party vendor stated that all security measures had been properly reinstated, when in fact they had not. As a result, personal information of thousands of coverage applicants who were under the age of 65 was exposed in the open. 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.[97] Greg Zoeller, Indiana's Attorney General, filed a lawsuit against the company seeking $300,000 in civil penalties for the company alleged failure to notify its consumers about the breach.[98]

Denial of benefits for cancer treatment despite payment of premiums and resulting public outcry

[edit]

In May 2014, Anthem Blue Cross refused to pay for the hospitalization of a Sonoma County, California man for stage four cancers, although he had paid Anthem over $100,000 in premiums.[99][100] Anthem ended up paying for coverage following public outcry.[101]

2015 data breach compromising over 37.5 million personal records and subsequent settlement and indictment of Chinese nationals

[edit]
Main article: Anthem medical data breach

On February 4, 2015, Anthem, Inc. disclosed that criminal hackers had broken into its servers and potentially stolen over 37.5 million records that contain personally identifiable information from its servers. According to Anthem, Inc., the data breach extended into multiple brands Anthem, Inc. uses to market its healthcare plans, including, Anthem Blue Cross, Anthem Blue Cross and Blue Shield, Blue Cross and Blue Shield of Georgia, Empire Blue Cross and Blue Shield, Amerigroup, Caremore, and UniCare.[102] Healthlink was also victimized. Anthem says the medical information and financial data was not compromised. Anthem has offered free credit monitoring in the wake of the breach.[103] According to Bloomberg News, China may be responsible for this data breach. Michael Daniel, chief adviser on cybersecurity for President Barack Obama, said he would be changing his own password.[104] About 80 million company records were hacked, stoking fears that the stolen data could be used for identity theft.[105] The compromised information contained names, birthdays, medical IDs, social security numbers, street addresses, e-mail addresses, employment information and income data.[106] In June 2017, Anthem agreed to spend $115M to settle allegations that it failed to adequately protect the data of its clients, the sum was to be spent on two years of services to protect victims from identity theft.[107] In 2019, two Chinese nationals were indicted for the breach.[108][109][110]

"Avoidable ER Program" denying reimbursement for certain emergency room visits and criticism for potentially harmful consequences

[edit]

Beginning in 2015, Anthem has been implementing and expanding its "Avoidable ER Program[111]" which means not reimbursing ER visits when the cause is not covered by the company. A few patients found out that they had been stuck with bills of over $10,000 that Anthem refused to reimburse.[112] According to a 2013 report by the Journal of the American Medical Association, 87 percent of patients initially triaged as non-urgent ended up with a diagnosis that constituted an emergency.[113] Critics derided the scheme, citing that it was unlawful by federal law to cover a person based on diagnosis, not symptoms.[111] It was also considered unsafe, as it pressured patients to diagnose themselves before going to the ER.[112]

Neglecting complaints

[edit]

In 2017, the California Department of Managed Health Care fined the company $5 million for untimely response to consumer complaints.[114] In 2019, this was settled at $2.8 million.[115]

2019 lawsuit: Sovereign Health vs. Anthem for coercive direct payments and financial pressure on vulnerable patients

[edit]

In 2019, Sovereign Health pressed charges against Anthem, alleging that it was using direct payments to compel them to join Anthem's network under unfavorable terms.[116] Sovereign owns facilities that treat people with addiction and mental health problems.

Diagnostics fraud

[edit]

In March 2020, 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.[117] The case was still pending in February 2022.[118]

Medicare Advantage star rating

[edit]

In January 2024, Elevance Health filed a lawsuit with the Department of Health and Human Services (HHS) challenging changes in the Medicare Advantage star rating methodology. Star ratings are tied to key bonus payouts, and due to the new rating system in 2024 ratings have significantly decreased.[119][120]

Finances

[edit]

For the fiscal year 2017, Anthem reported earnings of US$3.843 billion, with an annual revenue of US$90.039 billion, an increase of 6.1% over the previous fiscal cycle. Anthem's shares traded at over $183 per share, and its market capitalization was valued at over US$69.1 billion in October 2018.[121]

Year Revenue
in mil. US$ 		Net income
in mil. US$ 		Total assets
in mil. US$ 		Price per share
in US$ 		Employees
2005 44,614 2,464 51,287 60.61
2006 57,058 3,095 51,575 66.39
2007 61,168 3,345 52,060 71.13
2008 61,251 2,491 48,403 46.09
2009 64,940 4,746 52,125 41.67
2010 58,699 2,887 50,167 50.00
2011 60,711 2,647 52,163 60.91
2012 61,497 2,656 58,955 57.16
2013 71,024 2,490 59,575 72.27 48,000
2014 73,874 2,570 61,676 101.39 51,000
2015 79,157 2,560 61,718 140.42 53,000
2016 84,863 2,470 65,083 129.28 53,000
2017 90,040 3,843 70,540 183.12 56,000
2018[122] 92,105 3,750 71,571 248.34 63,900
2019[123] 104,213 4,807 77,473 268.65 70,600
2020[124] 121,867 4,572 86,615
2021[125] 138,639 6,104 97,460 98,200
2022[1] 156,595 6,025 102,772 102,300

Recognition

[edit]

The company was featured on the S&P Dow Jones Sustainability Index from 2018 to 2022,[126] was named by Fortune as one of the 100 Best Companies to Work For,[127] and was included on the Corporate Equality Index's list of Best Places to Work for LGBTQ Equality from 2015 to 2022.[128]

References

[edit]
  1. ^ a b "Elevance Health, Inc. 2022 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 15, 2023.
  2. ^ "Form 8-K for Anthem Inc filed 05/18/2022". U.S. Securities and Exchange Commission. May 18, 2022. Retrieved June 28, 2022.
  3. ^ "Anthem Health Plans". Anthem Insurance Companies, Inc. Retrieved June 28, 2022.
  4. ^ "Anthem (ANTM) Unveils Two Brands to Boost Whole Person Health". zacks.com. June 16, 2022. Retrieved June 28, 2022.
  5. ^ "Anthem (ANTM) Q1 2022 Earnings Call Transcript". fool.com. April 20, 2022. Retrieved June 28, 2022.
  6. ^ "Fortune 500". Fortune.com. Retrieved June 24, 2022.
  7. ^ "The Global 2000 2023". Forbes. Archived from the original on January 29, 2024. Retrieved February 7, 2024.
  8. ^ a b Brennan, Gerald; David E. Salamie (2009). Jay P. Pederson (ed.). "WellPoint, Inc". Vol. 103. International Directory of Company Histories. pp. 505–514.
  9. ^ BLUE CROSS BLUE SHIELD ANTITRUST LITIGATION (MDL No. 2406). Case has many plaintiffs and defendants, Case 2:12-cv-02532-RDP Document 263 Master File No. 2:13-CV-20000-RDP, 183-185 (U.S. DISTRICT COURT FOR THE NORTHERN DISTRICT OF ALABAMA SOUTHERN DIVISION 25 November 2014).
  10. ^ "IN THE MATTER OF THE ACQUISITION OF CONTROL OF WELLCHOICE INSURANCE HEARING OFFICER'S OF NEW JERSEY, INC. BY WELLPOINT, INC. REPORT AND WELLPOINT HOLDING CORP" (PDF). STATE OF NEW JERSEY DEPARTMENT OF BANKING AND INSURANCE.
  11. ^ Andrews, Greg (July 24, 2015). "FROM THE ARCHIVES: Anthem's path from laggard to leader". American City Business Journals.
  12. ^ Sekhri, Rajiv (February 17, 1997). "Acordia/Rauh placed on auction block for third time". American City Business Journals.
  13. ^ "Company news; kemper insurance unit to be sold for $100 million". The New York Times. Bloomberg News. November 24, 1993.
  14. ^ "Indiana, Kentucky 'Blues' to merge". United Press International. March 26, 1993.
  15. ^ "National City Acquisition". The New York Times. Reuters. December 8, 1994.
  16. ^ Curtis, Richard (November 9, 1998). "Anthem looking at mergers". American City Business Journals.
  17. ^ a b FEDER, BARNABY J. (May 30, 1996). "Anthem's Strategy: Bigger the Better". The New York Times.
  18. ^ LEVICK, DIANE (August 2, 1997). "BLUE CROSS, ANTHEM MERGE". Hartford Courant.
  19. ^ "ACORDIA MANAGERS IN $330 MILLION DEAL TO BUY OUT FIRM". The New York Times. Dow Jones & Company. August 5, 1997.
  20. ^ "COMPANY NEWS; ANTHEM AGREES TO BUY BLUE CROSS OF NEW HAMPSHIRE". The New York Times. Associated Press. January 29, 1999.
  21. ^ "Anthem to acquire Blue Cross and Blue Shield of Maine". American City Business Journals. July 13, 1999.
  22. ^ Gordon, Jennifer (November 5, 2001). "Anthem's IPO well received; stock trades heavily". American City Business Journals.
  23. ^ Clabaugh, Jeff (November 4, 2002). "Trigon acquisition benefits Anthem". American City Business Journals.
  24. ^ SHIVER Jr., JUBE (September 9, 1985). "Merger Has Led to Strife at Blue Cross". Los Angeles Times.
  25. ^ Sidel, Robin; Rundle, Rhonda (October 27, 2003). "Anthem to Acquire WellPoint Health". The Wall Street Journal.
  26. ^ "WellPoint Health Network Inc". Anthem.
  27. ^ "WellPoint goes public, investors positive". United Press International. January 28, 1993.
  28. ^ Terhune, Chad (March 18, 2015). "With billions in the bank, Blue Shield of California loses its state tax-exempt status". Los Angeles Times.
  29. ^ "MASSMUTUAL TO SELL GROUP LIFE, HEALTH UNIT". Hartford Courant. January 10, 1996.
  30. ^ OLMOS, DAVID R. (October 11, 1996). "WellPoint Buys Unit of John Hancock". Los Angeles Times.
  31. ^ Murphy, Barbara (March 14, 2000). "WellPoint to Acquire Pharmaceutical Facility". Los Angeles Times.
  32. ^ Graham, Scott (November 21, 2001). "WellPoint to acquire CareFirst BlueCross BlueShield". American City Business Journals.
  33. ^ Page, Leigh (March 6, 2003). "Maryland insurance commissioner rejects WellPoint acquisition of CareFirst". Modern Healthcare.
  34. ^ MURPHY, BARBARA (March 14, 2000). "WellPoint Health Acquires Rush Presidential Health". Los Angeles Times.
  35. ^ "WellPoint set to buy Cerulean by March 31". American City Business Journals. January 3, 2001.
  36. ^ Desloge, Rick (December 23, 2001). "RightChoice Managed Care Inc. acquired by L.A.-based WellPoint". American City Business Journals.
  37. ^ "Missouri Blue Cross health care foundation is held out as national…". Relias Media.
  38. ^ Journal, Rhonda L. Rundle Staff Reporter of The Wall Street. "WellPoint Agrees to Buy RightChoice For Cash, Stock Totaling $1.3 Billion - WSJ".
  39. ^ KREIMER, SUSAN (January 25, 2002). "WellPoint to acquire MethodistCare". Houston Chronicle.
  40. ^ "WellPoint Completes Acquisition of Golden West Dental & Vision; Strengthens Commitment to Growth in the Dental Arena" (Press release). Business Wire. June 30, 2003. Archived from the original on June 17, 2022. Retrieved June 24, 2019.
  41. ^ https://www.nytimes.com/2003/06/04/business/wellpoint-in-deal-to-acquire-health-insurer-in-wisconsin.html
  42. ^ "WellPoint, Anthem complete merger". American City Business Journals. December 1, 2004.
  43. ^ "Anthem, Wellpoint complete $16.5 billion merger". NBC News. Associated Press. December 1, 2004.
  44. ^ "WellPoint Acquires Health Plan Provider". Best's Insurance News. June 10, 2005.
  45. ^ Richard, Christine; Sullivan, Tom (January 7, 2006). "Corporate Debt Offerings Boom As Buybacks, Deals Are Planned". The Wall Street Journal.
  46. ^ "WellPoint Completes Acquisition of American Imaging Management" (Press release). Thomas Register. August 9, 2007.
  47. ^ "President of WellPoint's Anthem Blue in California Leaves Post". Insurance Journal. July 21, 2010.
  48. ^ DerGurahian, Jean (April 17, 2008). "WellPoint purchases data firm Resolution Health". Modern Healthcare.
  49. ^ Newmarker, Chris (April 22, 2009). "WellPoint completes DeCare Dental acquisition". American City Business Journals.
  50. ^ Main, Tom; Slywotzky, Adrian (October 3, 2011). "The Quiet Health-Care Revolution". The Atlantic.
  51. ^ Mathews, Anna Wilde; Kamp, Jon (July 9, 2012). "WellPoint's Medicaid Bet". The Wall Street Journal.
  52. ^ Caldwell, Carla (December 25, 2012). "WellPoint, Inc. acquires Amerigroup Corp". American City Business Journals.
  53. ^ Roy, Avik (July 11, 2012). "WellPoint Buys Amerigroup, Bets Big on Medicaid Expansion: But Will States and Voters Cooperate?". Forbes.
  54. ^ ROBEZNIEKS, ANDIS (August 28, 2012). "Angela Braly resigns as president and CEO of WellPoint". Modern Healthcare.
  55. ^ Terhune, Chad (August 28, 2012). "WellPoint CEO Angela Braly quits, bowing to investor pressure". Los Angeles Times.
  56. ^ Matthews, Anna Wilde (August 12, 2014). "WellPoint Changes Its Name to Anthem". The Wall Street Journal.
  57. ^ "Anthem, Inc. Completes Acquisition of Simply Healthcare Holdings, Inc" (Press release). Business Wire. February 18, 2015.
  58. ^ Cane, Jeffrey; Abelson, Reed (June 20, 2015). "Anthem Makes $47 Billion Offer for Rival Cigna". The New York Times.
  59. ^ Banerjee, Ankur; Pierson, Ransdell (July 24, 2015). "Anthem to buy Cigna to create biggest U.S. health insurer". Reuters.
  60. ^ Wilde Mathews, Anna; Kendall, Brent (February 9, 2017). "Federal Judge Blocks Anthem's Planned Acquisition of Cigna". The Wall Street Journal.
  61. ^ Wilde Mathews, Anna; Kendall, Brent (February 14, 2017). "Antitrust Rulings Put Chill on Health-Insurance Mergers". The Wall Street Journal.
  62. ^ Flanagan, Cristin; Rausch, Natasha (October 18, 2017). "Anthem Breaks With Express Scripts, Will Start Own Drug Plan". Bloomberg News.
  63. ^ Thomas, Katie; Abelson, Reed; Bray, Chad (March 8, 2018). "Cigna to Buy Express Scripts in $52 Billion Health Care Deal". The New York Times.
  64. ^ "Anthem names industry veteran Gail Boudreaux as new CEO". CNBC. Reuters. November 6, 2017.
  65. ^ Ryckaert, Vic (May 22, 2018). "Anthem is not only staying but expanding in Downtown Indianapolis". USA Today.
  66. ^ "Anthem, Inc. Completes Acquisition of Beacon Health Options". www.businesswire.com. March 2, 2020. Retrieved March 3, 2020.
  67. ^ "Anthem To Buy Puerto Rico Medicare And Medicaid Plans". Forbes.com. February 2, 2021. Retrieved February 2, 2020.
  68. ^ "Anthem plans to buy Integra Managed Care in New York". healthcaredive.com. Retrieved December 5, 2021.
  69. ^ "Anthem, Inc. Completes Acquisition of Integra Managed Care". Yahoo Finance. May 5, 2022. Retrieved May 5, 2022.
  70. ^ "FAQ Anthem Inc. to Elevance Health". ElevanceHealth.com. June 28, 2022. Retrieved June 28, 2022.
  71. ^ "Elevance Health to Acquire Blue Cross and Blue Shield of Louisiana | Elevance Health". www.elevancehealth.com. Retrieved February 5, 2024.
  72. ^ "Elevance to rebrand Amerigroup plans as Wellpoint in 6 states".
  73. ^ a b https://ldi.la.gov/docs/default-source/documents/legaldocs/public-comments-dec23/bcbsla-coc/exhibit-3---elevance-health-pre-closing-org-chart.pdf?sfvrsn=f6354652_6
  74. ^ https://www.elevancehealth.com/who-we-are/companies
  75. ^ "About the Medical Group Ratings". Government of California.
  76. ^ Terhune, Chad (January 28, 2014). "Report criticizes California health plans for treatment of chronic ailments". Los Angeles Times.
  77. ^ Jay Asser (November 30, 2022). "Elevance Health Medicaid Plans Earn NCQA Health Equity Accreditation". HealthLeaders. Retrieved March 2, 2023.
  78. ^ Levey, Noam (March 18, 2010). "WellPoint's giving for uninsured falls short, records show". Los Angeles Times.
  79. ^ Waas, Murray (March 18, 2010). "Insurer targeted HIV patients to drop coverage". Reuters.
  80. ^ "WellPoint Routinely Targets Breast Cancer Patients". Common Dreams. April 24, 2000.
  81. ^ "Health insurers to pay state regulators". East Bay Times. Associated Press. July 17, 2008.
  82. ^ Waas, Murray (April 23, 2010). "WellPoint routinely targets breast cancer patients". Reuters.
  83. ^ "Corrected: WellPoint routinely targets breast cancer patients". Reuters. April 23, 2010. Retrieved October 5, 2023.
  84. ^ "U.S. to WellPoint: Stop dropping breast cancer patients". Reuters. April 23, 2010. Retrieved October 5, 2023.
  85. ^ NOAH, TIMOTHY (May 10, 2010). "How WellPoint's bad behavior advances health care reform". Slate.
  86. ^ Lazarus, David (September 20, 2011). "Using plastic to pay Anthem bill? Prepare to lose your coverage". Los Angeles Times.
  87. ^ Williams, Carol J. (September 3, 2009). "2 giant health insurers accused of illegal steps to thwart change". Los Angeles Times.
  88. ^ Armstrong, Drew (January 31, 2011). "UnitedHealth Joins WellPoint to hone Health Law Lobby". Bloomberg News.
  89. ^ "WellPoint Sues Maine To Raise Premiums 18.5% - MyFDL". firedoglake.com. Archived from the original on January 5, 2010. Retrieved October 6, 2009.
  90. ^ Delaney, Arthur (October 5, 2009). "WellPoint Subsidiary Fights Maine Over Big Rate Hike (VIDEO)". HuffPost.
  91. ^ "Summary of Key Points of Anthem Health Plans of Maine, Inc. v. Superintendent of Insurance, Maine Attorney General, and Consumers for Affordable Health Care" (PDF). Archived from the original (PDF) on January 16, 2022. Retrieved June 23, 2019.
  92. ^ a b c Colliver, Victoria (February 6, 2010). "Anthem blue cross raises premiums". San Francisco Chronicle.
  93. ^ Sack, Kevin (February 16, 2010). "In California, Exhibit A in Debate on Insurance". The New York Times.
  94. ^ "Anthem to delay insurance rate hike amid criticism". Newsday. Associated Press. February 14, 2010.
  95. ^ ZAPLER, MIKE (February 19, 2010). "Feinstein takes on anthem blue cross". San Jose Mercury News.
  96. ^ Volsky, Igor (March 31, 2010). "WellPoint Reclassifies Costs As 'Medical Care' To Meet Reform's Medical Loss Ratio Requirement". Think Progress.
  97. ^ Perkes, Courtney (October 23, 2010). "Personal data accessed on insurer Web site". Orange County Register.
  98. ^ "Indiana AG sues WellPoint over timing of breach notifications". Fierce Healthcare. November 8, 2010. Retrieved October 6, 2023.
  99. ^ Borba, Andria (May 28, 2014). "Sonoma County Man Battling Cancer Denied Coverage By Anthem Blue Cross After Paying $100K In Premiums". KPIX-TV. includes video and transcript of coverage.
  100. ^ "Unbelievable". tumblr.com. May 18, 2014.
  101. ^ "Anthem Blue Cross To Cover Sonoma County Cancer Patient After KPIX 5 Report". cbslocal.com.
  102. ^ "Data Breach at Health Insurer Anthem Could Impact Millions". Brian Krebs. February 4, 2015.
  103. ^ Pepitone, Julianne (February 5, 2015). "Anthem Hack: Credit Monitoring Won't Catch Medical Identity Theft". NBC News.
  104. ^ Riley, Michael A. (February 5, 2015). "Chinese State-Sponsored Hackers Suspected in Anthem Attack". Bloomberg News.
  105. ^ Abelson, Reed; Goldstein, Matthew (February 5, 2015). "Anthem Hacking Points to Security Vulnerability of Health Care Industry". The New York Times.
  106. ^ Weise, Elizabeth (February 4, 2015). "Massive breach at health care company Anthem Inc". USA Today.
  107. ^ "Anthem to pay record $115 million to settle U.S. lawsuits over data breach". Reuters. June 23, 2017. Retrieved February 23, 2022.
  108. ^ GELLER, ERIC (May 9, 2019). "Chinese nationals charged for Anthem hack, 'one of the worst data breaches in history'". Politico.
  109. ^ MILLER, MAGGIE (May 9, 2019). "Chinese nationals indicted for Anthem data breach, other cyber intrusions into U.S. companies". The Hill.
  110. ^ Perlroth, Nicole (May 9, 2019). "Two From China Are Charged in 2014 Anthem Data Breach". The New York Times.
  111. ^ a b Raphelson, Samantha (May 23, 2018). "Anthem Policy Discouraging 'Avoidable' Emergency Room Visits Faces Criticism". NPR. Retrieved February 23, 2022.
  112. ^ a b "Column: Anthem's effort to punish patients for 'unnecessary' ER visits has been a bust--but still burdens patients". Los Angeles Times. November 8, 2018. Retrieved February 23, 2022.
  113. ^ Raven, M.; Lowe, R. A.; Maselli, J.; Hsia, R. Y. (March 20, 2014). "Comparison of presenting complaint vs. discharge diagnosis for identifying "non-emergency" emergency department visits". Journal of the American Medical Association. 309 (11): 1145–1153. doi:10.1001/jama.2013.1948. PMC 3711676. PMID 23512061.
  114. ^ OSTROV, BARBARA FEDER (January 30, 2019). "Patients Suffer As Insurers And Big Health Systems Spar For Market Share". NPR.
  115. ^ ANDERSON, CATHIE (June 7, 2019). "Anthem to pay 'very large fine,' correct how it handles California patients' complaints". The Sacramento Bee. ISSN 0890-5738.
  116. ^ Wayne Drash (March 2019). "Insurer skips doctors and sends massive checks to patients, prompting million-dollar lawsuit". CNN. Retrieved February 23, 2022.
  117. ^ Reuter, Elise (March 28, 2020). "Justice Department accuses Anthem of Medicare fraud". MedCity News. Retrieved February 23, 2022.
  118. ^ "NYC selects Anthem for retirees' coverage — after feds sue over alleged Medicare fraud". nypost.com. February 14, 2022. Retrieved March 10, 2022.
  119. ^ "Elevance Health sues feds, challenging changes to MA star ratings methodology". Fierce Healthcare. Archived from the original on February 28, 2024. Retrieved February 27, 2024.
  120. ^ "Elevance Health Lawsuit Slams Medicare Advantage Star Ratings Calculation". Health Payer Intelligence. Archived from the original on February 10, 2024. Retrieved February 27, 2024.
  121. ^ "Anthem Revenue 2006-2018 | ANTM". www.macrotrends.net. Retrieved October 31, 2018.
  122. ^ "Anthem's 2018 Annual Report" (PDF). annualreports.com. Retrieved March 10, 2022.
  123. ^ "Form 10-K Anthem, Inc" (PDF). annualreports.com. Retrieved March 10, 2022.
  124. ^ "Financial Highlights". antheminc.com. Retrieved March 10, 2022.
  125. ^ "Anthem, Inc. 2021 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 16, 2022.
  126. ^ Jakob Emerson (December 19, 2022). "4 payers named corporate sustainability leaders, per S&P Dow Jones". Becker's Payer Issues. Retrieved March 2, 2023.
  127. ^ "100 Best Companies to Work For Elevance Health". Forbes. Retrieved March 2, 2023.
  128. ^ "21 payers named best places to work for LGBTQ+ equality". Becker's Payer Issues. October 26, 2022. Retrieved March 2, 2023.
[edit]
  • Official website
  • Business data for Elevance Health, Inc.:
Retrieved from "https://en.wikipedia.org/w/index.php?title=Elevance_Health&oldid=1234832012"