News Headlines Article

WellPoint 3Q profit climbs 1 pct, revenue falls
San Francisco Chronicle

WellPoint Inc.’s net income inched up 1 percent in the third quarter, as the insurer cut expenses and saw gains from a reduction in health care use and leftover claims that came in lower than expected.

The Indianapolis insurer also raised its 2010 earnings forecast on Wednesday, following a third-quarter pattern established by other big insurers like UnitedHealth Group Inc., Cigna Corp. and Humana Inc. Aetna Inc. also bumped up its 2010 earnings forecast Wednesday.