WellPoint News

Health Insurers Cautious About Joining State Health Exchanges

The nation’s largest health insurers are far from leaping at the chance to join new state health insurance exchanges under President Barack Obama’s reform law, making it likely that some markets will have little or no competition next year. These …

Insurers Begin Employing IBM’s Supercomputer Watson

Dr. Watson is accepting new patients. The Watson supercomputer is graduating from its medical residency and is being offered commercially to doctors and health insurance companies, IBM said Friday. IBM Corp., the health insurer WellPoint Inc. and Memorial Sloan-Kettering Cancer …

Goverment Allows WellPoint Purchase of Amerigroup

WellPoint Inc. can move forward with its $4.5 billion purchase of health insurance rival Amerigroup Corp after Amerigroup alleviated antitrust concerns by selling operations in Virginia, the U.S. Justice Department said on Wednesday. Without the sale, the combined company would …

WellPoint to Settle Class Action Over Anthem Demutualization for $90 Million

Health insurer WellPoint Inc. has agreed to pay $90 million to settle a class-action lawsuit against its Anthem unit over accusations the company did not fairly compensate former members when Anthem was converted from a mutual company into a stock …