Bruce Japsen Contributor
Forbes, Oct. 29, 2014
Wellpoint (WLP), one of the nation’s largest health insurers, joined the parade of health plans increasing its enrollment of new privately insured members and Medicaid enrollees this year thanks to the Affordable Care Act, raising its financial guidance for the fourth time this year.
Speaking on the company’s third-quarter earnings call this morning, Wellpoint chief executive Joe Swedish said Wellpoint now expects 2014 earnings of $8.75 to $8.85 per share. That’s a projection that is higher than an earlier forecast of $8.60 a share, a figure that had already been raised three times this year.
Wellpoint, which will change its name next month to Anthem, operates Blue Cross and Blue Shield plans under the Blues and Anthem brands, said it now expects its medical enrollment to grow by 1.55 million to 1.65 million members for all of 2014. Almost half of these new members will come from the expanded Medicaid insurance program for poor Americans.