March 21 (Bloomberg) — WellPoint Inc., the second-largest U.S. health insurer in the U.S., raised its 2014 earnings forecast as the company adds customers through Obamacare.
Net income this year will be greater than $8.20 a share, the Indianapolis-based company said in a statement today. WellPoint previously predicted earnings of more than $8. Analysts had expected $8.39 a share, the average of estimates compiled by Bloomberg.
WellPoint expects 1 million to 1.3 million net new customers this year, an increase helped by the public exchanges set up under the health law. The company said Jan. 29 it had added 500,000 members since enrollment under the Patient Protection and Affordable Care Act started in October.
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