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New WellPoint CEO Consolidates Health Insurer's Business Units

Health insurer WellPoint Inc. (WLP) is consolidating its businesses into two main groups, one focused on commercial business, the other on government plans, while elevating two executives from within to lead these divisions.New Chief Executive Joseph Swedish announced the structural changes in a memo to employees Monday. He is putting his stamp on the management structure at the second-largest health insurer by membership, following UnitedHealth Group Inc. (UNH), after officially taking over in March.Mr. Swedish assumed leadership during a challenging time for health insurers, which are facing major changes under the health-care overhaul, including new costs and rules, plus the opportunity to add millions more customers starting next year. The hospital-industry veteran cited helpful structural changes from last year while announcing the new moves."I want to build on those improvements and further enhance the alignment of execution and accountability by consolidating our strategic busin...

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  9. WellPoint Earnings Rise 38%

    WellPoint Inc.'s (WLP) fourth-quarter earnings rose 38% as the health-benefits provider saw increased membership, thanks in part to its Amerigroup Corp. acquisition,...

  10. WellPoint quarterly profit rises; membership increases

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  11. WellPoint Sees CEO Decision Soon, Could Top 2012 View

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  1. Three Wellpoint Board Members Step Down

    Three of WellPoint Inc.'s (WLP) board members have stepped down for what the health-benefits provider said were personal reasons.The company said in a filing that it...

  2. Health-Care Law’s Impact on Insurers

    WellPoint CFO Wayne DeVeydt on how the health-care law will impact the company’s costs and earnings.

  3. WellPoint's Earnings Lifted by Light Health Usage

    Health insurer WellPoint Inc. (WLP) reported stronger first-quarter earnings, helped by a continued trend of Americans using health services lightly, while giving ne...

  4. WellPoint's First-Quarter Earnings Lifted by Light Health Usage

    Health insurer WellPoint Inc. (WLP) reported stronger first-quarter earnings, helped from a continued trend of Americans using health services lightly, while giving ...

  5. WellPoint Earnings Rise 3.4%

    WellPoint Inc.'s (WLP) first-quarter earnings rose 3.4% as higher consumer-business revenue helped offset weakness in its commercial business.The health-benefits pro...

  6. WellPoint 1st-Quarter Net Rose 3.4%; Raises Year Net View

    WellPoint Inc.'s (WLP) first-quarter earnings rose 3.4% as higher consumer-business revenue helped offset weakness in its commercial business.The health-benefits pro...

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