Hints and tips:
...Serves on the Board of Anthem, Inc. and was a Director of WellPoint Health Networks Inc. prior to its merger with Anthem.John H....
...For Anthem, which was formerly known as WellPoint, the domain www.we11point.com was set up. There was also prennera.com for Premera, EmpireB1ue.com for Empire Blue and caref1rst.com for CareFirst....
...The act was vehemently opposed at its inception by many health insurers, not least Anthem, then known as WellPoint....
...WellPoint did not admit wrongdoing....
...Shares in WellPoint rose 1 per cent to $113.44, Humana jumped 3 per cent to $131.17 and Aetna increased 2 per cent to $83.68....
...Shares in Humana rose 10.6 per cent to $113.69, while rivals UnitedHealth Group advanced 2.9 per cent to $76.01, Aetna added 1.9 per cent to $71.80, WellPoint climbed 2.7 per cent to $90.93, and Tenet Healthcare...
...WellPoint, one of the biggest US health insurers, for example, spent $50m on hepatitis C treatment in the first quarter – as much as the whole of last year....
...So, in the worst case, all of that is at risk (WellPoint, for example, could suffer more; Goldman Sachs estimates that up to a third of its earnings comes from this market)....
...Shares in UnitedHealth fell 4.7 per cent to $51.99, while WellPoint lost 3.3 per cent to $58.93....
...WellPoint, a health insurer that covers more than 33m patients, has contracts with dozens of technology suppliers, including several to manage and analyse its data....
...The acquisition was expected to expand WellPoint’s presence for its Medicaid and Medicare businesses. Shares in WellPoint reversed last Friday’s loss and rose 3.4 per cent to $61.95....
...Credit Suisse advised WellPoint and Goldman Sachs and Barclays advised Amerigroup....
...The deal follows a similar move last month by WellPoint, which paid $4.9bn in cash to buy Amerigroup Corp, which specialises in Medicaid plans....
...WellPoint and Cigna are digesting recent acquisitions, and UnitedHealth is well positioned in government health plans for the poor, where Coventry is strong....
...Rival WellPoint also fell, down 1.5 per cent to $61.22, but still up 5.4 per cent over the week....
...Among Tuesday’s winners were healthcare groups, such as WellPoint , up 4.3 per cent to $60.46, and Hospira , up 2.5 per cent to $33.65....
...The deal comes on the heels of WellPoint ’s acquisition of Amerigroup Corp for $4.9bn last month. Coventry Health Care jumped 20.3 per cent to $42.04. The stock has gained 30 per cent last week....
...Elsewhere, WellPoint rose 7.7 per cent to $61.80 after the healthcare group said the departure of Angela Braly, its former president and chief executive officer, would not affect the acquisition of Amerigroup...
...That followed a similar move by WellPoint, which in July paid $4.9bn in cash to buy Amerigroup Corp....
...The individual mandate clause, which penalises those who do not buy insurance, would increase the customer base for companies such as UnitedHealth and WellPoint, but the law also includes profit ceilings...
...Healthcare benefits provider Humana dropped 7.9 per cent to $70.16 and rival WellPoint, which released earnings, was off 5.5 per cent at $57.85....
...Aetna, WellPoint and Cigna, three of the US’s largest health operators, were among the biggest decliners on the main US market....
...Wellpoint will pay a premium over Amerigroup stock’s Friday closing price of 43 per cent, the largest ever in the sector....
...As well as 3M, companies such as Aetna and WellPoint have faced shareholder proposals demanding greater disclosure of how political donations are spent....
...Other leading insurers including WellPoint and Blue Cross Blue Shield did not comment on Monday....
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