Business
WellPoint adds 68,000 Medicaid members
NEWS IN BRIEF — Posted Sept. 4, 2006
WellPoint Inc., has acquired QualChoice Select Inc., the Medicaid plan from QualChoice Health Plan, an Ohio-based managed care organization. As part of the deal, Anthem Blue Cross and Blue Shield will serve as the insurer for business customers of QualChoice's commercial insurance plans and individual policies. QualChoice serves approximately 68,000 Medicaid members.
WellPoint didn't disclose financial terms of the deal, but a statement from the company said the transaction does not have a material impact on WellPoint's current earnings-per-share guidance of $4.74 for 2006.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2006/09/04/bibf0904.htm.