Well Point - Company Description

Company Description

WellPoint is an independent licensee of the Blue Cross and Blue Shield Association and serves its members as the Blue Cross licensee for California; the Blue Cross and Blue Shield licensee for Colorado, Connecticut, Georgia, Indiana, Kentucky, Maine, Missouri (excluding 30 counties in the Kansas City area), Nevada, New Hampshire, New York (as Blue Cross Blue Shield in 10 New York City metropolitan counties and as Blue Cross, Blue Shield or Blue Cross Blue Shield in selected upstate counties only), Ohio, Virginia (excluding the Northern Virginia suburbs of Washington, D.C.), Wisconsin; and through UniCare. In addition to Blue Cross, the company also operates under the Anthem name.

WellPoint's corporate "political action committee" (PAC), called "WellPAC," raised $1.3 million in 2010, and contributed nearly all of it to Federal and non-Federal candidates. Of the monies given to Federal candidates, 75 percent was given to Republicans, whose party opposes the health care reform enacted, and 25 percent was given to Democratic candidates. WellPoint Inc. spent an additional $1 million on lobbying activities in 2010, and 77 percent of that amount was given to Republicans, and 22 percent was given to Democrats.

In 2011, WellPoint acquired CareMore from CCMP Capital.

In June 2012, WellPoint acquired 1-800 Contacts from Fenway Partners. One month later, WellPoint acquired Amerigroup.

In March 2013, WellPoint named Joseph R. Swedish as Chief Executive Officer. Mr. Swedish has 40 years of experience in the health care industry.

Read more about this topic:  Well Point

Famous quotes containing the words company and/or description:

    “We’ll encounter opposition, won’t we, if we give women the same education that we give to men,” Socrates says to Galucon. “For then we’d have to let women ... exercise in the company of men. And we know how ridiculous that would seem.” ... Convention and habit are women’s enemies here, and reason their ally.
    Martha Nussbaum (b. 1947)

    God damnit, why must all those journalists be such sticklers for detail? Why, they’d hold you to an accurate description of the first time you ever made love, expecting you to remember the color of the room and the shape of the windows.
    Lyndon Baines Johnson (1908–1973)