{"id":50561,"date":"2017-11-04T06:06:19","date_gmt":"2017-11-04T06:06:19","guid":{"rendered":"https:\/\/www.biphoo.com\/bipnews\/?p=50561"},"modified":"2017-11-04T06:06:19","modified_gmt":"2017-11-04T06:06:19","slug":"anthem-ceo-joseph-swedish-to-step-down-gail-boudreaux-to-succeed","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/anthem-ceo-joseph-swedish-to-step-down-gail-boudreaux-to-succeed.html","title":{"rendered":"Anthem CEO Joseph Swedish to step down Gail Boudreaux to succeed"},"content":{"rendered":"<h2 style=\"text-align: justify\"><span style=\"font-size: 18pt\"><strong><span style=\"font-family: Arial, Helvetica, sans-serif;color: #000000\">Anthem CEO Joseph Swedish to step down Gail Boudreaux to succeed<\/span><\/strong><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Anthem CEO Joseph Swedish to step down, Gail Boudreaux to succeed: It is unclear how quickly the transition will occur, but the plan is expected to be announced as soon as next week, the publication reported.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Anthem, the nation\u2019s second largest health insurer by revenue, did not respond to requests for comment.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Boudreaux is well-known among managed-care investors and has served as CEO of United Healthcare, a unit of the largest U.S. health insurer UnitedHealth Group Inc (UNH.N).<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Boudreaux \u201cwill be the right executive to lead Anthem to its next phase of growth, after CEO Swedish\u2019s successful 4-year tenure in turning around a troubled company during the challenging years of Obamacare implementation,\u201d Leerink analyst Ana Gupte said in a research note.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Swedish was behind the insurer\u2019s $54 billion merger proposal with smaller rival Cigna Corp (CI.N), which was ultimately called off due to regulatory issues.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">That deal would have created the largest U.S. health insurer by membership.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Healthcare consolidation has been a popular route for insurers and pharmacies, under pressure from the government and large corporations to lower soaring medical costs.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Health insurer Aetna Inc (AET.N) and pharmacy operator CVS Health Corp (CVS.N) are working toward finalizing merger terms and announcing a deal for more than $70 billion as early as December, according to people familiar with the matter.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">The deal would combine CVS, one of the largest U.S. pharmacy benefits managers and drugstore chains, with Aetna, one of the oldest health insurers, whose far-reaching business ranges from employer healthcare to government plans nationwide.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Anthem last week reported better-than-expected quarterly earnings as its Obamacare individual insurance business broke even and forecast a slight 2018 profit for the government plans despite uncertainty about the market\u2019s future.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Anthem, which runs Blue Cross Blue Shield plans in 14 states, said it had cut in half the number of areas where it will sell individual plans in 2018, which will reduce enrollment by 70 percent next year and help profits.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Through Friday, Anthem shares had climbed about 47 percent this year to $211.80, compared with UnitedHealth\u2019s 33 percent rise to $212.87. After hours on Friday, the shares were up 0.6 percent.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 8pt;color: #000000\">Source:https:\/\/www.reuters.com\/article\/us-anthem-ceo\/anthem-ceo-joseph-swedish-to-step-down-gail-boudreaux-to-succeed-wsj-idUSKBN1D32K5<\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/business\/anthem-ceo-joseph-swedish-to-step-down-gail-boudreaux-to-succeed.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Anthem CEO Joseph Swedish to step down Gail Boudreaux to succeed Anthem CEO Joseph Swedish to step down, Gail Boudreaux to succeed: It is unclear how quickly the transition will occur, but the plan is expected to be announced as soon as next week, the publication reported. Anthem, the nation\u2019s [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[92842,24183,24235],"class_list":["post-50561","post","type-post","status-publish","format-standard","hentry","category-business","tag-anthem-ceo-joseph-swedish-to-step-down-gail-boudreaux-to-succeed","tag-current-business-updates-in-usa","tag-latest-business-updates-and-usa-news"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/50561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=50561"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/50561\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=50561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=50561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=50561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}