The nation's two leading Blues plan consolidators improved their rankings on the latest Fortune 500 list of the largest publicly traded companies based on revenue. WellPoint Health Networks, Thousand Oaks, Calif., jumped to No. 103 from No. 162 last year, thanks to a 40% rise in revenue, to $17.3 billion, and a 26% rise in membership, to 13.2 million. Meanwhile, Anthem, Indianapolis, climbed to No. 146 from No. 184, on a 28% rise in revenue, to $13.3 billion, and a 40% increase in membership, to 11.1 million.
Several other health insurers improved their rankings on the list as well. UnitedHealth Group, Minneapolis, the nation's largest health insurer, moved up to No. 63 from No. 84 last year. Cigna, Philadelphia, jumped to No. 87 from No. 107, leapfrogging over Aetna, Hartford, Conn., which fell to No. 88 from No. 74 as it consolidated operations. Humana, Louisville, Ky., moved to No. 169 from No. 187, replacing PacifiCare Health System, Santa Ana, Calif., which fell back one spot to No. 170. Health Net, Woodland Hills, Calif., moved to No. 185 from No. 192, while Oxford Health Plans, Trumbull, Conn., climbed to No. 334 from No. 372. -- by Laura B. Benko