CLEVELAND -- WellPoint, Inc. (NYSE: WLP) today announced that it has entered into an agreement in principle to acquire the Medicaid plan from QualChoice Health Plan, Inc. (QualChoice), an Ohio-based managed care organization. QualChoice has built a strong reputation for delivering superior customer service while offering an extensive physician and hospital network for its members.
Pending Ohio Department of Insurance approval, QualChoice will also endorse Anthem Blue Cross and Blue Shield as the insurer of choice for business customers of QualChoice’s commercial insurance plans and individual policies. QualChoice will continue to serve these members through the end of 2006 - at which time QualChoice expects to cease providing insurance coverage.