WellPoint Inc. shareholders rejected a call for more disclosure about the health insurer’s political contributions Wednesday during a shout-filled, contentious annual meeting. Union representatives and other protesters repeatedly interrupted Chairwoman and CEO Angela Braly after she opened the meeting and introduced proposals for shareholder voting. One person presented a petition she said was [...] [...]
Enough with the fun and games. Watson is going to work. IBM’s supercomputer system, best known for trouncing the world’s best “Jeopardy!” players on TV, is being tapped by one of the nation’s largest health insurers to help diagnose medical problems and authorize treatments. WellPoint Inc., which has 34.2 million members, will integrate Watson’s lightning [...] [...]
The six largest investor-owned health insurance companies are on pace to post record profits this year. All six saw 22 percent increase in combined net income during the third quarter of 2010, according to figures complied by Health Care for American Now, a lobbying group in favor of health care reform. SEC filings show the [...] [...]
Colorado’s investigation into Anthem’s premium increases is now being echoed throughout the country. Kathleen Sebelius, secretary of health and human services, sent a letter to state insurance commissioners Tuesday, calling for a national inquiry into the data underpinning rising health insurance costs. In Colorado, the state started an inquiry into increases in Anthem’s increase in [...] [...]
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