WellPoint Is Bullish On Enrollment Trends
Health insurer WellPoint, the biggest player in the health law's online marketplaces, reported Wednesday that it has enrolled 500,000 people nationwide and their demographics match the company's projections.
Los Angeles Times: WellPoint Enrolls 500,000 In Obamacare Policies, Upbeat About Trends
Health insurance giant WellPoint Inc. has signed up 500,000 people for Obamacare policies across the country, and it struck an upbeat tone about early enrollment trends under the healthcare law. WellPoint, which runs Anthem Blue Cross plans in California and 13 other states, said new enrollees tend to be older than current customers but that enrollment is in line with its projections and pricing for the new policies (Terhune, 1/29).
The Wall Street Journal: WellPoint Says Health-Law Customers Match Projections
The insurer's experience is being closely watched because of its big position in the new government marketplaces. The Indianapolis-based company has been the biggest provider of individual plans and is selling them through the government marketplaces in 14 states, including New York and California (Mathews, 1/29).
Kaiser Health News: Capsules: WellPoint Discloses Big Sign-Ups Through Health Exchanges
The biggest player in the Affordable Care Act's online insurance marketplaces delivered encouraging news to Obamacare supporters Wednesday (Hancock, 1/29).
Reuters: WellPoint Says Health Exchange Applicants Hit Expectations
U.S. health insurer WellPoint Inc. said on Wednesday the applicants for the new Obamacare health plans are of the age and demographics it had expected, indicating that medical costs will not soar beyond the prices it charges. WellPoint, which released lower fourth-quarter results on Wednesday, said that based on age, insurance plan selection, income levels, gender and available pharmacy data, it believes it has set the right premium rates for these new customers (Humer, 1/29).