TITLE

More managed care plan consolidation forecast

AUTHOR(S)
Benko, Laura B.
PUB. DATE
April 2004
SOURCE
Business Insurance;4/19/2004, Vol. 38 Issue 16, p79
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The pending megamerger between Anthem Inc. and WellPoint Health Networks Inc., announced last September, appears to have set the stage for a new round of managed-care acquisitions this year. Since January alone, at least a half-dozen health plans have been snapped up by larger rivals, and rumors now abound about a potential merger involving Blues plan giant WellChoice Inc. and a key East Coast rival. Insurers have long looked to mergers as a way to gain greater bargaining clout with providers while reducing administrative costs and spreading their medical expenses across a larger pool of patients.
ACCESSION #
12985423

 

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