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WLP Wates City Lon.

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Share Name Share Symbol Market Type Share ISIN Share Description
Wates City Lon. LSE:WLP London Ordinary Share GB0009422980 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

WellPoint: Sanctions On Co's Medicare Marketing Lifted

09/09/2009 11:17pm

Dow Jones News


Wates City Lon. (LSE:WLP)
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WellPoint Inc. (WLP) received notice from the government Wednesday that marketing and enrollment sanctions imposed on its Medicare products have been lifted in time to sign beneficiaries up for next year, the company said in a filing.

Effective Oct. 1, WellPoint may start marketing its Medicare Advantage health plans and Medicare Part D prescription-drug plans for seniors for the 2010 contract year.

The health insurer also will be permitted, as of Nov. 15, to enroll beneficiaries, other than low-income subsidy beneficiaries, for the 2010 contract year.

The federal Centers for Medicare & Medicaid Services had imposed the sanctions on WellPoint in January. WellPoint had said computer glitches caused thousands of seniors to be denied drug benefits at pharmacies or to be told mistakenly that their coverage had been canceled.

- By Dinah Wisenberg Brin, Dow Jones Newswires; 215-656-8285; dinah.brin@dowjones.com

 
 

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