Anthem is one of the nation's leading health benefits companies serving the needs of 38 million members nationwide and over 72 million people through all of its subsidiaries. The company was formerly known as WellPoint.
Anthem companies serve members as the Blue Cross licensee for California; and as the Blue Cross and Blue Shield licensees for Colorado, Connecticut, Georgia, Indiana, Kentucky, Maine, Missouri (excluding 30 counties in the Kansas City area), Nevada, New Hampshire, New York (as the Blue Cross Blue Shield licensee in 10 New York City metropolitan and surrounding counties and as the Blue Cross or Blue Cross Blue Shield licensee in selected upstate counties only), Ohio, Virginia (excluding the Northern Virginia suburbs of Washington, D.C.), and Wisconsin.
Anthem Inc.'s subsidiaries Amerigroup and CareMore also serve customers in many states across the U.S.
In 2015, the company reported revenues of $78.4 billion, a 7.4% increase, and net income of $2.56 billion.
Medical enrollment totaled approximately 38.6 million members at December 31, 2015, an increase of approximately 1.1 million members, or 2.9 percent, from 37.5 million at December 31, 2014. Medicaid enrollment increased by 721,000 members and the Commercial & Specialty Business enrollment increased by 314,000 medical members as the Company experienced growth of 328,000 and 104,000 in the National and Local Group markets, respectively, partially offset by a decrease of 118,000 members in the Individual business. Enrollment also grew in the Medicare business and Federal Employee Program by 35,000 and 30,000, respectively.
Medical enrollment decreased by 102,000 members, or 0.3%, sequentially during the fourth quarter of 2015. The decrease reflected enrollment losses in the National and Individual businesses, partially offset by gains in the Medicaid business.
Anthem announced in July 2015 plans to acquire Cigna for $54 billion. The deal awaits regulatory approval and would form the nation's largest health insurance company when completed.
The company was formed when WellPoint Health Networks Inc. and Anthem, Inc. merged in 2004 to become the nation's leading health benefits company. The parent company originally assumed the WellPoint, Inc. name at the time of the merger. In December 2014, WellPoint, Inc. changed its corporate name to Anthem, Inc.
WellPoint Health Network Inc.'s predecessor was Blue Cross of California, which was founded in 1982 with the consolidation of Blue Cross of Northern California (established in 1936) and Blue Cross of Southern California (established in 1937). WellPoint was formed in 1992 to operate Blue Cross of California's managed care business. In 1993, Blue Cross of California spun off its managed care business into a separate publicly traded entity, WellPoint Health Networks Inc. In 1996, Blue Cross of California completed the conversion of all its business to for-profit status, resulting in a restructuring that designated WellPoint Health Networks Inc. as the parent organization.
Anthem, Inc. grew out of two Indianapolis-based corporations formed in 1944 and 1946 as mutual insurance companies. Those two companies were created to provide health insurance to residents of Indiana as Blue Cross of Indiana and Blue Shield of Indiana. They eventually merged to form Blue Cross and Blue Shield of Indiana. In October 2001, Anthem demutualized and conducted an initial public offering of common stock.
WellPoint acquired WellChoice of New York for $6.5 billion in a deal that closed at the end of 2005. WellChoice was the parent of Empire Blue Cross Blue Shield, the biggest health insurance firm in New York with over 4.8 million members.
In 2014, WellPoint sold 1-800 CONTACTS to private equity firm Thomas Lee Partners and Glasses.com to eyewear maker Luxottica.
- Medical Coverage - HealthCare Advocate PPO, PowerHealth Fund PPO and HMO options
Updated January 31, 2016