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WellPoint earnings jump 24% in second-quarter as medical costs drop
Los Angeles Times

WellPoint Inc., the country’s second-largest insurer, beat Wall Street expectations with a second-quarter profit jump of 24% as lower medical costs partly helped the Indianapolis company post strong results.

“We are pleased with our second-quarter results and encouraged by the positive momentum we have across the organization,” said Joseph Swedish, WellPoint’s chief executive since March.