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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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