NU Online News Service, March 24, 2005, 4:51 p.m. EST
More insurers say they want to provide prescription drug benefits for older Americans.[@@]
WellPoint Inc., Indianapolis, and Universal American Financial Corp., Rye Brook, N.Y., are 2 companies that say they have applied for permission from the Centers for Medicare & Medicaid Services to be players in the new Medicare Part D drug benefit program.
WellPoint wants to sell drug benefits throughout the United States. The company is looking at ways to serve low-income individuals, other individuals, purchasers of Medicare managed care coverage and employers that sponsor retiree prescription plans, WellPoint says.