Company Profile for Wellpoint
WellPoint Inc.
| Type | Public |
|---|---|
| Founded | Anthem Insurance and WellPoint Health Networks merger in 2004 |
| Headquarters | Indianapolis, Indiana, USA |
| Industry | Managed health care |
| Key People | Angela Braly - President & CEO |
| Products | Blue Cross Blue Shield |
ADDITIONAL INFORMATION:
WellPoint, Inc.
120 Monument Circle
Indianapolis, IN 46204
1-317-532-6000
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New Legislation Would Pad Health Insurance Coffers While Screwing Over Consumers
By Chris Morran on February 3, 2012 4:15 PM
86 Comments
As part of the Affordable Care Act, health insurers must spend at least 80% of the money they earn from premiums on actually providing health care, with the remaining cash used to cover all administrative, advertising and payroll costs. Those insurers with plans that don't follow this ratio are soon supposed to start giving the extra money back in refunds and discounts. But new legislation introduced in the Senate this week could jeopardize this, while giving insurance companies even more money to stick in their dog pillows. More »
(jaubele1)
Good Luck Trying To Find Out How Much A Medical Procedure Will Cost
By Chris Morran on October 24, 2011 4:15 PM
114 Comments
A new report from the folks at the Government Accountability Office has confirmed what anyone who has ever tried to get a clear estimate on what a medical procedure already knows: There's a good chance you can't. More »
WellPoint Hiring Jeopardy-Champ Computer To Make Treatment Decisions For Customers
By Chris Morran on September 12, 2011 1:15 PM
59 Comments
We're sure that most of you were sitting around thinking that the one thing the U.S. health insurance business needs is to be even less human than it is currently. And it looks like the folks at the health insurance behemoth WellPoint have heard those thoughts, because they have decided to "hire" Watson, the IBM supercomputer that beat two humans on Jeopardy earlier this year to help them decide on issues of treatment for policyholders. More »
AMA: Health Insurers Still Making Errors On Nearly 20% Of Claims Processed
By Chris Morran on June 20, 2011 12:15 PM
70 Comments
Last June, when the American Medical Association announced its finding that nearly one out of every five health insurance claims had been processed incorrectly, it had probably hoped it was giving the insurance biz a much needed kick in the pants. But one year and another AMA report card later, that statistic remains virtually unchanged. More »
Anthem Blue Cross Holds Off On Plan To Charge $15 To Pay Bill By Credit Card
By Chris Morran on June 14, 2011 3:30 PM
21 Comments
Last week, we told you how Anthem Blue Cross of California had decided it no longer wants to take credit card payments and will soon start charging $15 "convenience" fees for those still wishing to pay by plastic. But now that the California Attorney General is looking into the matter, Anthem has put that plan on hold. More »
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By Chris Morran on June 8, 2011 10:15 AM
49 Comments
Anthem Blue Cross, along with its parent company, perennial Worst Company In America contender WellPoint, is known for many things — trying to jack up rates on policyholders by upward of 30%, practicing rescission on breast cancer patients, and leaking customers' credit card information online. Basically everything except for providing quality health insurance. You can soon add another item to Anthem's long list of qualifications when it stops allowing credit card payments, except for those willing to pay a $15 convenience fee. More »
New HHS Rule Hopes To Rein In Some Runaway Health Insurance Premiums
By Chris Morran on May 19, 2011 2:15 PM
110 Comments
According to a recent study, the cost of health insurance coverage for a family of four has soared 131% since 1999. And the insurance companies continue to seek double-digit rate hikes even while profiting from peoples' reluctance to seek medical care. Thus, as part of the Affordable Care Act, the Dept. of Health & Human Services has just issued a new to help define what constitutes an unreasonable health insurance rate increase. More »
Worst Company In America Elite 8: BP Vs. WellPoint
By consumerist.com on April 8, 2011 12:00 PM
51 Comments
A WCIA tournament vet faces everyone's least-favorite newcomer in today's Elite 8 bloodbath. More »
Say Hello To Your Worst Company In America Elite 8!
By consumerist.com on April 6, 2011 12:00 PM
45 Comments
Two rounds of WCIA bloodshed are in the book and the beaten bodies of 24 multi-billion dollar companies are being hauled off to be burned on a pyre. But for those businesses left standing — let's call them the Elite 8 — the parade of pain marches on. More »
Worst Company In America Sweet 16: Johnson & Johnson Vs. WellPoint
By consumerist.com on April 1, 2011 12:00 PM
26 Comments
In honor of April 1, we present this WCIA faceoff between a pair of fools — One that makes medicines no one can sell and the other that takes your insurance premium but offers you no insurance. More »
