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WellPoint's first-quarter profit rises 3%

Los Angeles Times, April 25, 2013

Insurance giant WellPoint Inc. reported a 3% increase in first-quarter profit and raised its full-year outlook as the company prepares for major changes under the federal healthcare overhaul. WellPoint, which runs Anthem Blue Cross in California and health plans in 13 other states, said its results were lifted by a recent acquisition that helped boost enrollment of the nation's second-largest health insurer to nearly 36 million people. Investors cheered the results, bidding up WellPoint's shares by $4.28, or 6%, to $73.61 in trading Wednesday.