NU Online News Service, July 25, 8:15 p.m. – WellPoint Health Networks Inc., Thousand Oaks, Calif., is reporting $100 million in net income for the second quarter on $2.9 billion in revenue, up from $84 million in net income on $2.1 billion in revenue for the second quarter of 2000.
The managed care company increased enrollment in its major medical plans 29%, to 9.8 million. Some of the growth came from expansion in California, but most was the result of the March 15 acquisition of Blue Cross and Blue Shield of Georgia, a carrier with 1.9 million major medical members.
WellPoint hopes to increase its commercial membership further by expanding its individual and small group health insurance programs, the company says.
