WellPoint Hires New Exec for Medicare Business

Indianapolis-based health insurer WellPoint announced Rajamannar Madabhushi has become executive vice president of senior business and chief transformation officer, which primarily covers WellPoint’s Medicare sector.

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Last month, WellPoint fired Brian Sassi, who previously oversaw WellPoint’s Medicare Advantage plans, according to an Indianapolis Business Journal report. Medicare Advantage plans lost $150 million for WellPoint last year.

Mr. Madabhushi will not oversee WellPoint’s Medicaid and individual insurance plans, which are now within WellPoint’s commercial business sector.

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