Insurer acquisition deal reflects growing industry trend

Article Abstract:

There is a growing trend among managed care companies to acquire other insurers. Managed care company WellPoint Health Networks' acquisition of Massachusetts Mutual Life Insurance Co's life and health subsidiary is the latest case in point. The consolidation is valued at $380 million and would result in the second largest US public managed care company. WellPoint had previously attempted to merge with Health Systems International, a deal that collapsed allegedly because of clashes between the executives involved.

Life Insurance, Direct Life Insurance Carriers, Conglomerate corporations, Forecasts and trends, Managed care plans (Medical care), WellPoint Health Networks Inc., WLP, Massachusetts Mutual Life Insurance Co.

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Antitrust, social mission issues cloud Blues merger deal

Article Abstract:

The proposed merger of Blue Cross of Western Pennsylvania with Pennsylvania Blue Shield is questioned by the state's attorney general, Thomas J. Corbett, Jr. Physicians' groups welcomed Corbett's investigation as well as possible action by Linda Kaiser, insurance commissioner. The two insurers, who already share a joint venture, the Keystone Health Plan, claim the merger would help them to cut administrative costs, purchase physicians' practices and increase managed care enrollment.

Social aspects, Medical Services Association, Veritus Inc.

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Calif. long-term insurance sales double predictions

Article Abstract:

The California Pubic Employees Retirement System is operating a highly successful, self-funded, nonprofit long-term care insurance program for its employees and retirees and individuals in the teachers' retirement system, as well as their relatives. The program has accepted 50,000 applications, or 18,000 more than any other California plan combined. The program has been successful because it is well-designed and because rates are 20% to 30% lower than the average group plan.

Medical Insurance NEC, Health aspects, California, Insurance, Long-term care of the sick, Long term care

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