WellPoint Reports 26% Decrease in Net Income
WellPoint reported a 2008 net income of $2.49 billion, down 26% from 2007. WellPoint said mass corporate layoffs and investment losses contributed to the health plan's decrease in income. Still, WellPoint CEO Angela Brady said the health insurer is well-positioned for 2009.
- "WellPoint Posts Profit Drop of 26%" (Lee, Indianapolis Star, 1/29).