WellPoint Inc.’s status as the second-largest health plan in the U.S. didn’t help it win the popularity contest among hospital executives. An industry survey by ReviveHealth shows WellPoint ranked dead last among the six largest for-profit insurers. “Hospitals say WellPoint is just exceptionally difficult to deal with,” said Brandon Edwards, president of ReviveHealth. Jason Gurda, an analyst at Leerink Swann & Co. says having lots of market share means you don’t have to be as generous as everybody else. The insurer, which owns Blue Cross plans in 14 states, has lost 18% of its market value over two months despite efforts to cut costs and improve earnings. Cigna had the best reputation at 71%.
The United State is not near the top of this list.
The rules might exclude entities with large U.S. insurance underwriting operations.
Organizations in the mix include Sun Life U.S., LifeQuotes.com, Allsup, Cigna and MetLife.
Sponsored by Fidelity Investments
Get insights into the mindset that’s driving today’s advisors to make a move--and help realize their unique business vision.
Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!
- Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
- Exclusive discounts on ALM and ThinkAdvisor events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.