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 forÂ the same quarterÂ last year.
- "WellPoint Profit Drops Even as Revenue Grows" (Helfand, "Money & Company," Los Angeles Times, 10/26).
- "WellPoint's 3Q Profit Falls 7.5%; Outlook Rises" (Murphy, AP/Sacramento Bee, 10/26).