Medicaid expansion under the Affordable Care Act has been an overall success for insurers in most states that have implemented it; however, the story is different in Kansas, which switched its entire Medicaid program to a private model.
WellPoint's profit grew 3 percent in the first quarter of 2013, largely because enrollment increased after it acquired Medicaid insurer Amerigroup last year.
Only three days after WellPoint picked career hospital exec Joseph Swedish to lead the company, former CEO of Amerigroup James Carlson said he's leaving WellPoint.
Amerigroup has lost its challenge that claimed the Ohio Medicaid program improperly denied a contract for the insurer to manage care for about two-thirds of the state's Medicaid patients.
The Department of Justice cleared a $4.6 billion deal between WellPoint and Amerigroup, the Associated Press reported.
WellPoint's interim chief executive is making some major changes to the second largest health insurer by reorganizing the company into four business units.
Amerigroup has agreed to amend its deal with WellPoint, which announced in July that it was acquiring the Medicaid insurer for $4.9 billion, over claims that it inappropriately negotiated the buyout.
Amerigroup has agreed to sell its Virginia operations to health provider Inova after the U.S. Department of Justice's antitrust queries into WellPoint's $4.9 billion acquisition of the managed care insurer.
Since WellPoint's CEO Angela Braly announced her resignation, the industry has been abuzz talking about who will become the newest chief executive of the second largest insurer in the country.
The merger between Aetna and Coventry, which was just announced Monday, may be one of the last big deals where major insurers acquire smaller Medicare- and Medicaid-focused companies.