health insurer News

Indiana-Based Insurer WellPoint to Change Name to Anthem

WellPoint, one of the biggest players on the health care overhaul’s new insurance exchanges, wants to switch its corporate name back to the Anthem brand its customers know by the end of this year. The nation’s second-largest health insurer said …

Massachusetts Health Insurer Lays Off 62 Workers

A Worcester, Mass.-based health insurance provider has announced that it is laying off 62 workers, or about 6 percent of its total workforce. Fallon Community Health Plan President and Chief Executive Patrick Hughes said in a written statement last Thursday …

Highmark Closes $604M Buyout of West Penn Allegheny Bondholders

Insurer Highmark Inc. on Monday completed a $604.2 million bondholder buyout of troubled West Penn Allegheny Health System at 87.5 cents on the dollar. The buyout, in which Highmark acquired just over 85 percent of the outstanding principal amount of …

Lawsuit: Payment Denied For Seniors’ Home Care

A lawsuit contends that a health insurer ran a scheme to avoid paying in-home care claims from what could be thousands of California’s elderly residents. Senior Health Insurance Co. of Pennsylvania, or SHIP, had a claims process “designed to frustrate …