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WellPoint’s 2Q profit soars 24%
Modern Healthcare

WellPoint’s second-quarter net income jumped 24% as an acquisition boosted revenue and a lower-than-expected increase in medical costs helped the nation’s second-largest health insurer.

The performance topped Wall Street’s earnings expectations and prompted the insurer to raise its forecast for 2013.

The Indianapolis company earned $800.1 million, or $2.64 per share, in the three months that ended June 30. That’s up from $643.6 million, or $1.94 per share, a year ago.