Wednesday, July 30, 2014

WellPoint medical cost ratio drives 2nd-quarter profit beat

U.S. health insurer WellPoint Inc on Wednesday reported a decline in second-quarter profit, but its closely watched medical costs as a percentage of premiums ratio improved and it beat Wall Street estimates. WellPoint, which runs Anthem and Empire Blue Cross Blue Shield Plans, is the third large health insurer to beat analysts' earnings estimates for the quarter but shares have sold off as ...



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