WellPoint Beats Wall Street Expectations as Customers Grow

WellPoint Inc on Wednesday reported third-quarter profit that beat Wall Street expectations as the company’s customers increased in its Medicaid business and in new subsidized individual health plans under the national healthcare reform law.

The U.S. health insurer, which operates Blue Cross Blue Shield plans in 14 states, raised its earnings per share outlook for 2014 and said that its estimate for medical cost increases remains in the range of 6.5%, plus or minus Continue reading