In 1996, Blue Cross of California restructured to a for-profit corporation, designating WellPoint Health Networks Inc. Blue Cross of California retained an 80% interest and voting control. In January 1993, Blue Cross of California spun off its managed care business into a publicly traded entity, WellPoint Health Networks Inc. In 1992, WellPoint was formed to operate Blue Cross of California's managed care business. In 1982, Blue Cross of California was founded with the consolidation of Blue Cross of Northern California (established in 1936) and Blue Cross of Southern California (established in 1937). Blue Cross of California īlue Cross of California was the predecessor of WellPoint Health Network Inc. Anthem Insurance Company reached 11.9 million members. In 2002, Anthem acquired Trigon Healthcare of Virginia, a Blue Cross and Blue Shield plan, the largest insurer in Virginia, for $4.04 billion. In 2001, In October, Anthem underwent demutualization and became a public company via an initial public offering, which made it the fourth largest public managed health care company in the United States. In 2000, Anthem acquired Blue Cross Blue Shield of Maine. Among its customer base were 2.4 million PPO and 964,000 HMO enrollees. The acquisitions made since 1996 added 850,000 policy holders. In 1999, Anthem acquired Blue Cross and Blue Shield of New Hampshire and Blue Cross and Blue Shield of Colorado and Nevada. In August 1997, Anthem acquired Blue Cross and Blue Shield of Connecticut. In 1996, The Associated Group changed its name to Anthem Insurance Company. In 1995, The Associated Group acquired Community Mutual Insurance, a provider of Blue Cross and Blue Shield insurance plans in Ohio with over 1.9 million policy holders), then set up Anthem Blue Cross and Blue Shield. In 1994, it sold Raffensperger, Hughes & Co., Inc., Indiana's largest investment bank, to National City Corp. The Associated Group bought Southeastern Mutual Insurance Company, the operator of Blue Cross and Blue Shield of Kentucky. In 1993, Acordia acquired American Business Insurance for $130 million and the Federal Kemper Insurance Company for $100 million. In 1989, The Associated Group founded Acordia, a brokerage that sold and serviced insurance and employee benefit programs. for $150 million and in 1991, it acquired The Shelby Insurance Co., based in Shelby, Ohio, for $125 million. In 1989, the company purchased American General Insurance Co. In 1985, The two companies merged into Associated Insurance Companies, Inc, later called, The Associated Group, a holding company, but usage of the name "Anthem" persisted. In 1972, The two firms, then known as Blue Cross of Indiana and Blue Shield of Indiana, entered into a joint operating agreement.
The companies grew significantly, controlling 80% of the medical insurance market in Indiana by the 1970s. In 1946, Anthem began in Indianapolis, Indiana, as Mutual Hospital Insurance Inc. īased on its 2021 revenues, the company ranked 20th on the 2022 Fortune 500. As of 2022, the company had 46.8 million members within its affiliated companies' health plans. It is the largest for-profit managed health care company in the Blue Cross Blue Shield Association.
The company's services include medical, pharmaceutical, dental, behavioral health, long-term care, and disability plans through affiliated companies such as Anthem Blue Cross and Blue Shield, Empire BlueCross BlueShield in New York State, Anthem Blue Cross in California, Wellpoint, and Carelon. Prior to June 2022, Elevance Health was named Anthem, Inc. is an American health insurance provider. The logo of Anthem Blue Cross Blue ShieldĮlevance Health, Inc. Anthem Blue Cross and Blue Shield Affiliated Health Plans.
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