WellPoint made the biggest commitment of any publicly traded insurer to the Obamacare markets. Photo: AP

July 30 (Bloomberg) — WellPoint Inc., the second-biggest U.S. health insurer, boosted its annual profit forecast as the industry starts to see gains from customers buying its products through the Obamacare overhaul.

WellPoint raised its full-year adjusted earnings forecast by 20 cents, to $8.60 or more per share. Profit excluding one- time items was $2.44 per share, 18 cents more than expected by 22 analysts surveyed by Bloomberg, the Indianapolis, Indiana- based company said in a statement.

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

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

  • Critical BenefitsPRO.com 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 BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?



Join BenefitsPRO

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

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

Already have an account? Sign In Now
Join BenefitsPRO

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