Another one with big profits...BD
NEW YORK (Reuters) Jan 23 - Health insurer WellPoint Inc Wednesday posted a 7 percent rise in quarterly profit, helped by membership gains and administrative cost savings, but said medical costs were higher than expected for some of its plans.
Investors were poised to focus on a key profitability gauge that showed medical costs ate into premium revenue more than expected, analysts said, a day after a similar report from rival UnitedHealth Group sent health-insurer shares down broadly,
"As with ( UnitedHealth) yesterday, we expect investor reaction will not be favorable," Goldman Sachs analyst Matthew Borsch said in a research note.
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