WellPoint's first-quarter profit rises 3%
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.
- Providers Lag as Consumers Set Agenda
- Look Beyond Nurse-Patient Ratios
- Esther Dyson Launches Population Health Challenge
- Crisis Spurs Healthcare Payment Reform in Arkansas
- Reform Puts Vise Grips on Physicians
- Hospital Groups Back NQF Report on Patient Sociodemographics
- ICD-10 Delay Alters Provider, Vendor Prep
- NPP Demand Rising Under Value-Based Care Models
- Medicare Opt-Out a Viable Physician Strategy
- Payment Reform Naysayers 'Better Wake Up'