Elevance Health, the parent company of numerous state Blue Cross Blue Shield plans, is acquiring Indiana University Health’s insurance business in a move that would strengthen its presence in key cities in Indiana. The sale reflects a trend of hospital systems divesting their insurance branches, with Baystate Health, ProMedica, and Ascension all selling their health insurance companies in recent years. Financial details of the IU Health deal were not disclosed. The decision by IU Health to sell represents a shift away from the model of hospitals serving as both care providers and payers.
Source link
Elevance buys IU Health’s insurance company
