Word: wellpoint
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...that without a massive, federal overhaul of the health care system and insurance market, costs will continue to rise dramatically and unpredictably for consumers. In addition, Representative Henry Waxman, chairman of the House Committee on Energy and Commerce, has launched an investigation into Anthem Blue Cross's parent company, WellPoint, and asked it to provide everything from internal e-mails about rate increases to a complete accounting of expenses and claims data. A congressional hearing on the matter is scheduled...
...rates have to increase do make sense. In a bad economy, the people most likely to cancel their health insurance are healthy people; this leaves the remaining so-called risk pool less healthy, and therefore more expensive to insure. (Waxman, in a follow-up letter to WellPoint, asked the company to explain why data show that it had more individually insured customers in California in 2009 than in 2008. But it's not just the total number of customers that determines rates in a risk pool - the health of those customers also matters. It's also not surprising that more...
...fact, doctors anywhere in the U.S. have had access to the same prescription-writing software from Allscripts for free off the Web since 2007. The cost is underwritten by many of the technology and health industry's biggest names - Cisco, Dell, Google, Microsoft, Aetna and Wellpoint. (The upside for Allscripts is potential future sales of its full medical record-keeping software to early adopters of the e-prescribing program.) But even freebies aren't enough to get doctors to change their paper-scribbling ways. Many still find old-fashioned pen and pad to be more efficient. A recent study found...
Earlier this month, the insurance company WellPoint announced a program that will allow employees of a Wisconsin printing company to get coverage for non-emergency surgeries in India. It's a first for WellPoint, but puts the insurer in good company. Over the past few years, some U.S. insurance companies - dismayed at losing income from uninsured Americans who get cheap surergies abroad or clients who choose to pay out of pocket for discount foreign surgeries rather than expensive in-network co-pays - have announced plans to include foreign medical procedures among those covered by health plans...
...attempt to make shopping for insurance a more consumer-friendly experience, Aetna asks how big a BodyGuard plan you need. WellPoint's Tonik line lets you decide whether you are a Thrill-Seeker, a Part-Time Daredevil or a Calculated Risk-Taker (choices that come down to less fun details like the size of your co-payment or deductible). Such edgy marketing aims to attract Americans ages 19 to 29--nearly a third of these so-called young immortals forgo insurance because they think they either don't need it or can't afford it. Carriers are also starting...