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WellPoint 1Q profit rises as medical costs fall
San Francisco Chronicle

Health insurer WellPoint Inc. said Wednesday its first-quarter profit jumped 51 percent as a weaker-than-expected flu season helped lower medical costs.

The Indianapolis insurer said it paid $11.38 billion in claims in the three months that ended March 31, a drop of nearly 3 percent — or $343 million — from the first quarter of last year, when WellPoint also took a $305 million hit due to investment losses.