Filed Under:Health Insurance, Individual Health

WellPoint plans for exchange wait effect

WellPoint Inc. (NYSE:WLP) produced a big increase in net income for the fourth quarter of 2012 and is hoping to do well in 2013, but company executives spent much of today's earnings call talking about 2014.

WellPoint is reporting $464 million in net income for the latest quarter on $16 billion in revenue, up from $335 million in net income on $15 billion in revenue for the fourth quarter of 2011.

The company is expecting the underlying local group medical cost trend, or rate of increase in the underlying cost of care, to be between 6.5 percent and 7.5 percent.

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Nichole Morford

Nichole Morford
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