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California Healthline Daily Edition

Summaries of health policy coverage from major news organizations

WellPoint Reports Drop in Q3 Profit, Increase in Revenue

On Wednesday, health insurer WellPoint -- the parent company of Anthem Blue Cross in California -- announced that it earned $683.2 million in net income for the third quarter of 2011, a 7.5% decline from the $739.1 million in profit it earned during the same quarter of 2010. Total revenue for Q3 2011 rose to about $15.4 billion, a 5.7% increase from the $14.57 billion in revenue it reported for the same quarter last year.

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