WellPoint Inc.'s new CEO is slimming the health insurer's business units to two from four as the company prepares for coverage expansions that will hit the market next year as part of the health care overhaul.
The Indianapolis company said that its commercial health insurance, the coverage it sells on insurance exchanges and specialty businesses, will be grouped under a Commercial and Specialty Business Division. The insurer's work with government-sponsored programs like Medicaid and Medicare will fall under a Government Business Division.
The federal overhaul aims to expand coverage to millions of uninsured people. Much of that growth will start next year, when people will be able to buy health insurance with income-based tax credits and the state-federal Medicaid program for the poor and disabled people will expand in many states.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
