Aetna Inc. and other insurers that initially fought President Barack Obama’s health-care overhaul are reversing course and supporting the effort by funding a group planning to spend $100 million to help the uninsured get coverage under the law.
WellPoint Inc. , UnitedHealth Group Inc. and three other health insurers, criticized by Democrats during the overhaul debate, are seeking to influence how the new law will be implemented, and possibly change it, by campaigning for supportive congressional candidates.
Medicare payments to U.S. health insurers led by UnitedHealth Group Inc. and Humana Inc. will increase 0.4 percent in 2012, less than projected because of lower-than-expected spending on doctor visits, regulators said.
WellPoint Inc.’s Angela Braly chided Barack Obama for spreading “false information” about health insurers two years ago. She’s now facing tough questions about her own performance from investors calling for her ouster.