Posts Tagged - ‘angela braly’

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WellPoint Improves Health Insurance Coverage For Breast Cancer

Thursday, May 27th, 2010

Image: wishuponacupcake under CC 3.0

After lots of controversy surrounding their alleged rescission of the policies of breast cancer patients, WellPoint–one of America’s largest health insurance companies–is taking some steps to help patients and rehab their image.

Currently, a federal law is pending that will offer greater consumer protection to these women. However, WellPoint CEO Angela Braly has vowed to implement many of its provisions early, including medical insurance coverage for a voluntary minimum 48-hour hospital stay after a mastectomy.

Whether or not Representative Rosa DeLauro’s Breast Cancer Patient Protection Act passes or falls victim to general anti-healthcare reform sentiment (although its chances look bright–who wants to vote against cancer sufferers during an election year?), WellPoint will take these steps as of July 1st.

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WellPoint Gets More Scrutiny On Health Insurance Plans

Thursday, May 20th, 2010

Image: cepc110 under CC 3.0

WellPoint is one of the most successful health insurance companies in America. It has also been embroiled in controversy, including extreme rate increases and allegedly rescinding policies of customers diagnosed with breast cancer.

CEO Angela Braly had to continue facing the music at the annual shareholders’ meeting. The bad timing of her company’s announcement of the 9-32% premium jumps in California (later withdrawn due to newly discovered filing errors) contributed to the passage of affordable health insurance reform. That law will clearly have an impact on their future dividends.

Braly continued to blame rising premiums on the generally higher cost of care, and recently wrote a letter to the Obama administration, criticizing them for vilifying the industry. WellPoint’s stock has slipped significantly since late April. Meanwhile, there were nearly 100 protesters outside.

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