Song of praise Inc. is an American medical coverage organization established in the 1940s, before 2014 known as WellPoint, Inc. It is the biggest for-benefit oversaw social insurance organization in the Blue Cross and Blue Shield Association. It was framed when Anthem Insurance Company gained WellPoint Health Networks, Inc., with the consolidated organization embracing the name WellPoint, Inc.; exchanging on the NYSE for the joined organization started under the WLP image. Anthem Insurance Company became out of two Indianapolis, Indiana based common insurance agencies, Mutual Hospital Insurance Inc. what's more, Mutual Medical Insurance Inc. shaped in 1944 and 1946. The organizations became altogether, controlling 80% of the restorative protection market in Indiana by the 1970s. In 1972 they met up to make a joint working understanding, and converged in 1985 as guardian organization, Associated Insurance Companies, Inc, to frame Blue Cross and Blue Shield of Indiana.Once in the past Anthem Inc. was an insurance agency which started in the 1980s as a twist off of the gathering protection operations of American General Insurance. Song of praise Blue Cross and Blue Shield was made as a major aspect of the merger of Associated Group with Community Mutual Insurance Co. of Cincinnati.From its turn to a traded on an open market organization in 2001 until its last merger in 2004, it consolidated the Blue Cross Blue Shield associations of a few states to accomplish economy of scale, changing over them in the process from non-benefit to revenue driven status. In late 2004, Anthem and WellPoint converged, with the joined organization taking the WellPoint name. That Anthem no more exists as an organization, yet the Anthem Blue Cross and Blue Shield brand name is utilized by WellPoint as a part of 11 states.In October 2001, Anthem demutualized and directed a first sale of stock of basic stock. WellPoint, Inc. (some time ago Anthem, Inc.) was shaped when WellPoint Health Networks Inc. what's more, Anthem, Inc. converged in 2004 to end up the country's driving medical advantages organization.WellPoint Health Network Inc's. antecedent was Blue Cross of California, which was established in 1982 with the union of Blue Cross of Northern California (set up in 1936) and Blue Cross of Southern California (built up in 1937). WellPoint was shaped in 1992 to work Blue Cross of California's overseen care business. In 1993, Blue Cross of California spun off its oversaw care business into a different traded on an open market substance, WellPoint Health Networks Inc. In 1996, Blue Cross of California finished the change of all its business to revenue driven status. Hymn and WellPoint accomplished a bit of this development through mergers and acquisitions.Wellpoint, Inc. was shaped in November 2004 after a merger of Anthem and WellPoint Health Networks Inc. The merger was organized as Anthem gaining WellPoint Health Networks and rebranding itself WellPoint, Inc. At the point when the arrangement was initially reported in October 2003, the merger was set at $16.5 billion. The equitable estimation of the merger when finished in December 2004 was around $20.8 billion. At the season of the merger's finish, WellPoint was the biggest American safety net provider.
