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WellPoint's 4Q profit drops 39 percent

Houston Chronicle / Associated Press, January 26, 2012

WellPoint Inc.'s fourth-quarter net income sank 39 percent as medical claims increased, mostly because of a $50 million hit from the health insurer's Medicare Advantage business. But the company forecast earnings growth in 2012. The performance led to a rare miss of Wall Street expectations, and WellPoint's full-year earnings outlook also fell short of analyst forecasts.