FROM THE FOUNDATION

Redefining the Safety Net

Should California establish a Basic Health Program for certain low-income residents? CHCF's Marian Mulkey captures a recent policy conversation in a Health Affairs blog.

Accountable Care in Action

A new post on the Health Affairs blog details how CalPERS kept costs down in Sacramento through a "virtual" ACO with insurers and providers.

Career Opportunity: Senior Program Officer

This position will play a major role in furthering the goals and objectives of the foundation's Better Chronic Disease Care program.

Health Plans

Friday, January 27, 2012

WellPoint Reports Drop in Q4 Profit; Cites Calif. Plan Loss

On Wednesday, health insurer WellPoint -- the parent company of Anthem Blue Cross in California -- announced that it earned $335.3 million in the fourth quarter of 2011, a 39% decline from the $548.8 million in earned during the final quarter of 2010. The company attributed the drop to a $50 million loss in the quarter through a Northern California plan that drew more customers with higher risk profiles who generated more in claims than the premiums they paid. The plan was discontinued on Jan. 1.



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