WellPoint, Aetna Announce Higher Third Quarter Profits
On Wednesday, health insurer WellPoint said it earned $739.1 million in third-quarter net income, up from $730.2 million during the same period last year. Meanwhile, Aetna announced $497.6 million in third-quarter profit, compared with $326.2 million during the same quarter last year. Despite the higher profit levels, both insurers saw declines in third-quarter revenue, partially because of decreased enrollment.
- "WellPoint and Aetna Post Higher Profit in 3rd Quarter" (Helfand, Los Angeles Times, 11/4).