Anthem

Anthem-Cigna Merger Deadline Extended Three Months

Jan 19, 2017
Matthew Hurst / https://www.flickr.com/photos/skewgee/2463077387

In light of the ongoing antitrust trial playing out in Washington, Indianapolis-based health insurer Anthem has extended the deadline to complete a merger with Connecticut-based Cigna until April 30th, according to a form filed this week to the Securities and Exchange Commission.

The merger between the two healthcare giants originally had a deadline of January 31st. However, the agreement left the door open to extending it three more months.

Matthew Hurst / https://www.flickr.com/photos/skewgee/2463077387

The first half of the federal trial challenging the planned merger between insurance giants Anthem and Cigna ended Friday, and a federal judge could rule in the next two weeks.

The Department of Justice sued to block the merger between the two companies, arguing consolidating two of the country’s so-called “Big Five” insurers would tamp down on competition and result in fewer options and higher costs for consumers.

Matthew Hurst / https://www.flickr.com/photos/skewgee/2463077387

Two giant mergers among the nation’s five largest health insurers, including Indianapolis-based Anthem, were put on hold Thursday by the U.S. Justice Department, which cited concerns about the so-called “Big Five” becoming the “Big Three.”

Thomas Hawk / https://www.flickr.com/photos/thomashawk/

Four out of the six insurance companies planning to offer coverage to Hoosiers through the federal healthcare exchange next year are proposing double-digit rate increases for individual premiums, according to proposals filed with the Indiana Department of Insurance.

However, the proposals vary widely. For example, Celtic is proposing a 5 percent drop in prices, and Anthem wants an almost-30 percent increase.

Indiana Competes / Facebook

More than 150 businesses from around the state are joining forces to advocate for LGBT rights this coming legislative session. 

Indiana Competes announced its formation less than a month ago and since then, the group has collected pledges from some of Indiana’s biggest names – Eli Lilly, Cummins, Anthem, AT&T, and Salesforce.  Salesforce Marketing Cloud CEO Scott McCorkle says the Hoosier State’s future success depends on attracting the best possible workforce.

Matthew Hurst / https://www.flickr.com/photos/skewgee/2463077387

Executives with Indianapolis-based Anthem have given their first interviews about the deal that will make the health insurance company the largest in America, following a $54 billion deal to merge with rival company Cigna.

The companies announced the agreement Friday morning, after a year of sometimes-contentious negotiations. The purchase price represents about $34 a share above Connecticut-based Cigna's current value.

Anthem says the merger will allow the combined company to save $2 billion in operating costs while reining in the costs of care.

Daniel Hartwig / https://www.flickr.com/photos/dwhartwig/3934905914

It’s been more than a month since the personal information of 80 million Anthem insurance customers was compromised in a data breach.  Since then, people have been watching their credit information.

But it’s also tax season… and Indiana Public Broadcasting’s Stephanie Wiechmann reports that employees at Indiana universities -- many of whom are insured by Anthem -- say they’re rushing to file taxes before identity thieves file in their names.

Matthew Hurst / https://www.flickr.com/photos/skewgee/2463077387

The Indiana Department of Insurance says health insurance giant Anthem is doing everything it can to mitigate the effects of a recent data breach.

Anthem announced late Wednesday night it had been the target of a cyber attack that left client and employee information at risk. 

Though the insurer says no medical information or credit card data had been stolen, hackers did gain access to personal information including names, birth dates, addresses, and social security numbers. 

Purdue University

Purdue is changing administrators for employee health insurance. The Board of Trustees approved a three year, $4.95 million contract with Anthem. It takes affect January 1, 2014, and is expected to save the university $7.5 million annually, system-wide.

Vice President for Human Resources Luis Lewin says Anthem has a more extensive network of providers with better negotiated network prices. Cigna is the university’s current health plan administrator.

WL to pay more for health insurance in 2012

Nov 22, 2011

The city of West Lafayette will stay with the same health insurance provider for 2012.  But the cost of coverage from Anthem will increase by nearly 20%.

City Human Resources Director Diane Foster says the employee contribution toward insurance will remain the same in 2012.  However, she cannot make the same guarantee for 2013.

Foster notes that the cost of vision insurance is not going up next year, and dental coverage will only increase slightly.

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