21 Facts About Anthem Inc


Anthem Inc's services include medical, pharmaceutical, dental, behavioral health, long-term care, and disability plans through affiliated companies such as Anthem Blue Cross and Blue Shield, Empire BlueCross BlueShield in New York State, Anthem Blue Cross in California, Wellpoint, and Carelon.

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In 1999, Anthem Inc acquired Blue Cross and Blue Shield of New Hampshire and Blue Cross and Blue Shield of Colorado and Nevada.

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In 2001, In October, Anthem Inc underwent demutualization and became a public company via an initial public offering, which made it the fourth largest public managed health care company in the United States.

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In 2002, Anthem Inc acquired Trigon Healthcare of Virginia, a Blue Cross and Blue Shield plan, the largest insurer in Virginia, for $4.

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In June 2015, Anthem Inc made an offer to acquire Cigna for more than $54 billion in cash and stock.

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In October 2017, Anthem Inc announced that it would not renew its pharmacy benefit management relationship with Express Scripts saying it had been overcharged $3 billion and that instead, Anthem Inc would eventually handle the PBM process itself through its new IngenioRx unit.

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Anthem Inc announced that it would enter a 5-year contract with CVS Health.

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In March 2020, Anthem Inc announced the acquisition of Beacon Health Options, and independently held behavioral health organization.

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In November 2021, Anthem Inc announced the acquisition of Integra Managed Care in New York.

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Anthem Inc said that the foundation had indeed fulfilled its $30-million commitment by mid-2009, but refused to provide any financial details to support its claim.

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The DMHC randomly selected 90 instances where Anthem Inc canceled the insurance of policy holders who had been diagnosed with costly or life-threatening illnesses, to find how many of these cancellations were legal.

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Anthem Inc agreed to provide compensation for any medical debts incurred by these policy-holders.

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In 2011, Anthem Inc began cancelling policies of members who had been paying premiums with credit cards, sometimes without calling or emailing the member ahead of time.

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The Court disagreed with Anthem Inc and found that, unlike with other forms of insurance, the Maine Insurance Code does not require the Superintendent to consider profits.

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Anthem Inc says the medical information and financial data was not compromised.

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Anthem Inc has offered free credit monitoring in the wake of the breach.

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In June 2017, Anthem Inc agreed to spend $115M to settle allegations that it failed to adequately protect the data of its clients, the sum was to be spent on two years of services to protect victims from identity theft.

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In 2019, Sovereign Health pressed charges against Anthem Inc, alleging that it was using direct payments to compel them to join Anthem Inc's network under unfavorable terms.

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Rather than paying those facilities, Anthem Inc sent checks directly to patients, some while they were still in rehab.

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The lawsuit alleges that Anthem had submitted inaccurate diagnostics data in order to obtain increased Medicare reimbursements.

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Anthem Inc's shares traded at over $183 per share, and its market capitalization was valued at over US$69.

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