INDIANAPOLIS (AP) — WellPoint Inc.’s second-quarter net income fell 3 percent as Medicare Advantage expenses climbed, and Wall Street punished the health insurer’s stock in Wednesday trading even though the company raised its 2011 earnings forecast for the second time this year.

The Indianapolis insurer said medical claims — its largest expense — rose 8.5 percent to $11.92 billion in the quarter, as costs for its Senior business have come in “significantly higher” than it expected this year. This was due mainly to its Medicare Advantage enrollment in California.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.