Topics: Obamacare

Top insurer upgraded as Obamacare implemented

By |
Beltway Confidential,Timothy P. Carney,Obamacare,Health Care

Remember how President Obama made Obamacare sound like a war against the greedy insurers?

A Bank of America analyst has upgraded Wellpoint, which owns many Blue Cross businesses.

The analysis:

As details around the exchanges start to come into view, we now think that the exchanges will be less disruptive than initially feared, causing us to upgrade WLP to neutral. WLP still has some operational risks, as much of its growth is slated to come from government businesses which it historically has not run well. With a new CEO in place this year and the addition of AGP management we are cautiously optimistic that WLP will perform but we will need to see improved execution before we get more aggressive. ...

View article comments Leave a comment