Amerigroup acquired by WellPoint health insurance

Wellpoint Headquarters in Indianapolis

The purchase will be for a reported $4.5 billion to play a bigger role in the expansion of Medicaid. WellPoint Inc., the health insurance company, has announced that it will be purchasing its rival Amerigroup Corp., for $4.46 billion, in a play to take a bigger part in the Medicaid expansion. This buyout was announced not long after the Supreme Court upheld the healthcare reforms The Affordable Care Act is expected o increase the number of Americans covered by health insurance by an estimated 30 million people. According to a…

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