Shares of WellPoint
and FHS dropped sharply Thursday on the first report of the lawsuits.
Chief Executive Leonard Schaeffer said he was startled by the markets' strong reaction to his firm's earnings news.
Last week, four members of the state's congressional delegation asked the Clinton administration to reject a plan for WellPoint
to run the insurance program, claiming it was a conflict of interest for the company to administer the program and compete to provide health care services to it.
In 2005, WellPoint
Pharmacy Management expects to have at least three large health plan clients using the application with the potential to reach more than 20,000 practicing clinicians.
As administrator, WellPoint
would determine which children are eligible, then enroll them and collect premiums.
RxFrontier has been approved by the Accrediting Council for Pharmacy Education and is available to WellPoint
Pharmacy Management network pharmacists.
says Jackie Ward, who has been the company's lead director, is now the non-executive chair of the board.
, Indianapolis, has agreed to acquire WellChoice Inc.
51 in trading Tuesday on the New York Stock Exchange, while WellPoint
fell 8 cents to $75.
Schaeffer was quoted as saying any doctors or hospitals that don't like doing business with WellPoint
should drop out of the Blue Cross network.
also announced a two-for-one stock split that will take effect May 13.
Giving pharmacists these types of incentives is something WellPoint
Health Networks Inc.