Wellpoint reports big gains during second quarter
Indianapolis-based Wellpoint, Inc. is reporting big gains during the second quarter of 2013.
The company's net income was about $800 million, or $2.64 per share, an increase of 27 percent compared to the same time period from 2012.
More customers are expected to join health programs as requirements for the Affordable Care Act come into play.
Wellpoint's medical enrollment totaled approximately 35.7 million members at June 30, 2013, an increase of about 2.1 million members, or 6.3 percent, from 33.5 million at June 30, 2012. Medicaid membership increased by about 2.6 million members after Wellpoint's acquisition of Amerigroup in the fourth quarter of 2012. The increase in Medicaid enrollment was partially offset by declines of 415,000 and 49,000 members in the Commercial and Medicare businesses, respectively.