ketchum inc. is the type of insurance that is anthem blue cross.
what type of insurance is anthem blue cross?
ketchum inc.
private health exchanges predate the affordable care act. one example of an early health care exchange is international medical exchange (imx), a company venture financed in louisville, kentucky, by standard telephones and cables, a large british technology company (now nortel), to develop the exchange concept in the u.s. using on-line technology. the product was created in the mid-1980s. imx developed an eligibility verification system, a claims management system, and a bank-based payments administration system that would manage payments between the patient, the employer, and the insurance carrier. like proposed exchanges today, it focused on standards of care, utilization review by a third party, private insurer participation, and cost reduction for the health care system through product simplification. the focus was on creating local or regional exchanges that offered a series of standardized health care plans that reduced the complexity and cost of acquiring or understanding health care insurance, while simplifying claims administration. the system was modeled after the standardized stock exchange and banking industry back office processes. the major difference was that imx health care exchanges would provide their products through a national network of existing commercial banks rather than setting up a duplicate payment and administration systems network as proposed today. the imx product rights were acquired by anthem (then blue cross and blue shield of kentucky). the exchange product became the basis for inter-carrier claims settlement between commercial insurance carriers and blue cross organizations. the founders of imx were from top management at humana, and top management of first tennessee national corp (now first horizon).
health insurance marketplace
on february 4, 2015, anthem, inc. disclosed that criminal hackers had broken into its servers and potentially stolen over 37.5 million records that contain personally identifiable information from its servers. on february 24, 2015 anthem raised the number to 78.8 million people whose personal information was affected. according to anthem, inc., the data breach extended into multiple brands anthem, inc. uses to market its healthcare plans, including, anthem blue cross, anthem blue cross and blue shield, blue cross and blue shield of georgia, empire blue cross and blue shield, amerigroup, caremore, and unicare. healthlink says it was also a victim. anthem says the medical information and financial data was not compromised. anthem has offered free credit monitoring in the wake of the breach. according to bloomberg news, china may be responsible for this data breach. michael daniel, chief adviser on cybersecurity for president barack obama, said he would be changing his own password. according to "the new york times" about 80 million company records were hacked, and there is fear that the stolen data will be used for identity theft. the compromised information contained names, birthdays, medical ids, social security numbers, street addresses, e-mail addresses and employment information, including income data.
anthem medical data breach