WellPoint Share Price Drops After Forecast Lowered

In after-hours trading on Monday, shares of WellPoint, parent company of Blue Cross of California, dropped more than 16% after the insurer lowered its profit forecast due to higher medical costs and lower-than-expected insurance enrollments. Shares of Humana, Aetna and UnitedHealth Group also dropped after the WellPoint news.

• "WellPoint Cuts Its Outlook, Sending Shivers Through Shares of Health Insurers" (Freudenheim, New York Times, 3/11).