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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...
The Obama administration on Wednesday announced a $1 billion initiative to fund innovations in federal healthcare programs aimed at cutting costs while improving the...
Germany's Allianz SE (ALV.XE) Wednesday reported a 24% rise in final net profit in the first quarter, boosted by revenue gains, low claim costs in the insurance busi...
The Congressional Budget Office said Tuesday the federal deficit is expected to shrink to $642 billion in the fiscal year that ends Sept. 30, down sharply from last ...
Dear Dave,Can you please define "necessities" in today's world while trying to get out of debt and live on a budget?-Matthew Dear Matthew,Whether you're talking abo...
The "social welfare" mission for tax-exempt nonprofit groups certainly covers issues about government spending, government debt, federal taxes, "how the government i...
The researcher whose report prompted a spike in health stocks last month appears to have relied on lobbyists rather than U.S. government insiders who had direct know...
C.R. Bard Inc. (BCR) has agreed to pay around $48.3 million to resolve whistleblower allegations that it gave kickbacks to doctors and other customers to buy the com...
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...
Consumer-related stocks, at the vanguard of this year's rally, may face particular headwinds this week as retailers report earnings and a slew of consumer data hits ...
When you are self-employed, regardless of your entity structure, you must give heed to succession issues. Hiring your children, no matter their age, is a first step in determining whether or not the child is willing or suitable to carry on the family business.
Medicare paid $529 million more than it should have for antianemia drugs used in the treatment of kidney dialysis patients, a new government report finds, putting fu...
The world's biggest drug makers have for years enjoyed rich premiums for their medicines in the U.S. market. Those days may be coming to an end.Companies like Pfizer...
In a boost for President Barack Obama's healthcare reform law, two states in the Northwest said on Friday that insurance companies submitted applications to sell pol...
I don't know about you, but I like to think I'm a pretty level-headed guy. You almost have to be to survive in the corporate world for as long as I did. I may indulg...
I've been saving up for a big purchase , so I've seriously tightened my budget. Staying within my own strict boundaries has been frustrating.When I get frustrated, ...
By 2030, roughly two-thirds of the world's middle class will be in the Asia Pacific region, largely in China, according to a report by Ernst & Young. Currently at ar...
Boomers planning on relying on just Medicare to cover their health-care costs in retirement better think again. With health care costs rising two to three times f...
The Senate voted Wednesday to give the main agency charged with implementing the 2010 health care law its first confirmed leader in seven years.Marilyn Tavenner, a n...
Swiss drugmaker Roche Holding AG is exploring a sale of its blood glucose meters business, three people familiar with the matter told Reuters on Wednesday, as the in...
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