When Lisa Guertin was promoted to senior vice president at Wellpoint , the country's largest HMO, she refused to move to headquarters in Indiana.

FORBES: Magazine Article

The departure of Angela Braly at Wellpoint (WLP) is among many exits of health plan CEOs coming as these executives grapple with consolidation and the new order brought on by the Affordable Care Act and demands from their employer clients that they keep a lid on medical costs.

FORBES: Wellpoint's Braly Broke Glass Ceiling, Then Shards of Obamacare Knocked Her Down

In the interim, Wellpoint and UnitedHealth sell at 10 times earnings, 10 times free cash flow, lift their dividends, buy back stock and do add-on deals.

FORBES: My Gut Play Basket Is Full