Americas biggest health insurers are about to get even bigger, driven into a wave of consolidation by the Patient Protection and Affordable Care Act new regulations and markets.
The changes gives David Wichmann, previously the companys chief financial officer, control of UnitedHealthcare, the companys insurance products unit and its biggest line of business.
CVS Caremark Corp., the biggest provider of prescription drugs in the United States, reported profit that beat analysts estimates after adding new customers in its pharmacy services business.
President Barack Obama thanked Kathleen Sebelius for helping pass the 2010 health-care law and named Sylvia Mathews Burwell his new health secretary, calling her a proven manager who knows how to deliver results.
After topping initial enrollment projections for PPACA, Kathleen Sebelius leaves her successor, Sylvia Mathews Burwell, an agency with numerous challenges to ultimately make the law work.